11/06/2015 - 10:52am

The New York attorney general's office has reached a settlement with Lowe's to refund up to 10% of flooring installation fees paid by more than 16,000 customers. The Associated Press reports that Lowe’s, with 64 New York stores, overcharged the customers with a deceptive sales practice that it has since agreed to halt. The retailer had offered installation of carpeting, tile, wood and laminate flooring by third-party contractors at square-foot rates that were applied to materials bought, not those actually installed. [Miami Herald]

11/05/2015 - 6:03pm

Walgreens may have to shutter as many as 3,000 stores in its bid to buy Rite Aid, or 65% of Rite Aid's store base, according to one real estate analyst in a Fortune story published Thursday, including 1,000 locations Walgreens is willing to jettison as part of any FTC negotiation and another 2,000 locations after the merger is complete. "The post-merger Walgreens real estate imperative will be to minimize cannibalization," noted Garrick Brown, VP research at Cushman for the West Region, adding that there are countless Rite Aid and Walgreens locations opposite one another across the country. (Fortune)

11/05/2015 - 5:53pm

Amazon.com just picked up an improved rival in the burgeoning home shopping button market, which it provided mainstream attention with the launch of its Dash remote ordering device earlier this year.

11/05/2015 - 5:35pm

L Brands Inc. kept its hot streak alive in October by posting yet another impressive increase in same-store sales.

11/05/2015 - 5:32pm

Specialty athletic retailer City Sports never found its footing and, despite bringing in a veteran retailer to lead the 18-store operation, it has commenced going-out-of-business sales.

11/05/2015 - 4:44pm

Store performance disappointed almost across the board during October, and circumstances beyond retailers’ control may have had a lot to do with it.

11/05/2015 - 4:17pm

In what could be an important step for mobile payment, Walgreens is expanding the Apple Pay functionality it provides customers.

11/05/2015 - 3:57pm

Bass Pro Shops is exploring a bid for rival outdoors retailer Cabela's according to an exclusive report from Reuters. The news service says Bass Pro is working with an investment bank on the potential offer. Cabela's has recently begun to explore its options and has also reached out to private equity firms to solicit interest, Reuters says. [Reuters]

11/05/2015 - 3:48pm

October was a good month for Costco, which reported growth in same-store and total sales.