Content about Commerce

May 17, 2012
Sears Holdings swings to profit in Q1, to spin off minority stake in Sears Canada

Sears Holdings Corp. reported that it generated a profit of $189 million for the quarter ended April 28, after losing $170 million in the same period last year.

May 11, 2012
Retailers Win with Mobile Payments

By Matthew Talbot, Sybase 365

May 4, 2012
GameStop Finds Digital Success

In recent years, specialty retailer GameStop Corp. has been among the fastest-growing global chains, opening 388 new stores in 2009, more than 350 in 2010 and 285 new locations last year. For its current fiscal year, GameStop is ramping down organic growth, anticipating the opening of some 150 stores, in deference to building on its dominant presence in the multichannel PC digital download market.

May 3, 2012
Deb Shops launches e-commerce suit built on Demandware Commerce platform

Deb Shops announced it has launched a new ecommerce site, built on the Demandware Commerce platform that uses improved design and enhanced functionality to give shoppers an optimal online shopping experience.

April 23, 2012
U.S. lawmakers launch investigation into Wal-Mart bribery scandal

Two U.S. lawmakers are launching an investigation into allegations of bribery at Wal-Mart Stores’ Mexican affiliate.

April 19, 2012
Nordstrom marketing exec named chief merchant for HSN

HSN announced that it has appointed Nordstrom chief marketing officer Anne Martin-Vachon as its new chief merchant.

April 16, 2012
Retailers Turn to Alternate Financing Options

Access to operating capital remains an ongoing challenge for some retailers, which are still facing a difficult time when it comes to securing a loan. The problem is particularly acute for small and medium-sized businesses: Among U.S. small business owners, 90% believe the availability of credit for small businesses is a problem, and 61% agree it’s harder to get a loan now than it was four years ago, according to a recent study by the American Sustainable Business Council, Small Business Majority and Main Street Alliance. 

April 10, 2012
Supervalu swings to Q4 loss; will open 50 Save-A-Lots this year

Supervalu Inc. reported that it swung to a loss of $424 million in the quarter ended Feb. 25, compared with a $95 million gain a year earlier.

April 5, 2012
Dick’s Sporting Goods to invest in U.K.’s JJB Sports

Dick's Sporting Goods has agreed to make a 20 million pound investment ($31.75 million) in U.K. sports retailer JJB Sports plc, which operates over 180 stores in the United Kingdom and Ireland.

March 29, 2012
Best Buy to close 50 big-boxes, expand mobile-only format

In a move to tighten its footprint and reduce costs, Best Buy Co. said it will close 50 of its signature big-box stores and open 100 of its small mobile locations in the United States in fiscal 2013.

March 20, 2012
Sam’s Club tops across all industries in customer loyalty rankings

Sam's Club, Aldi, Publix Super Markets, Amazon.com, and H.E.B. are the retailers with the most loyal customers according to a new study by Temkin Group.

March 5, 2012
Canadian discounter acquires 10 stores from Hudson's Bay Co.

Canadian discount store chain The Bargain! Shop said that it will acquire 10 retail locations from Hudson's Bay Co.’s closing Fields banner, effective Aug. 1.

March 2, 2012
Sears Canada to close three stores in major cities

Sears Canada Inc. said it is shutting down three downtown stores in Vancouver, Calgary and Ottawa.

March 1, 2012
Wal-Mart boosts annual dividend 9%

Wal-Mart Stores Inc. said Thursday it is continuing its annual tradition of increasing shareholder payout by raising its dividend by 9%.

February 27, 2012
Report: Home Depot rolling out PayPal chainwide

The Home Depot is expanding its use of PayPal, the online payment service of eBay, from the 51 stores in the pilot program to all of the home improvement retailer’s stores, Dow Jones Newswire reported.

February 23, 2012
Sears reports $2.4 billion Q4 loss, will spin off some stores

Sears Holdings Corp. reported a loss of $2.4 billion in the fourth quarter, compared with a profit of $374 million in the year-ago period.

February 22, 2012
Sav-A-Lot to open 13 stores in February/March

Save-A-Lot, a wholly owned subsidiary of Supervalu, will open 13 stores in February and March.

February 16, 2012
Sears Canada announces price cuts as part of competitive move

A report by Reuters said that Sears Canada is cutting prices on more than 5,000 items as a competitive preemptive move before Wal-Mart and Target begin their expansion march across the country.

February 15, 2012
Hibbett Sports launches e-commerce site via Dreams partnership

Multichannel retailer Dreams, which focuses on the licensed sports products industry, said that it has partnered with Hibbett Sports to become its exclusive online provider for team merchandise in the licensed sports category.

February 14, 2012
Survey: Sam's Club and Publix tops in customer experience

Research results released Tuesday by Temkin Group, which rates the customer experience of 206 large companies across 18 industries, showed that only eight companies deliver excellent customer experience: Sam's Club and Publix led the pack, followed by Starbucks, Subway, Chick-fil-A, Aldi, Winn-Dixie, H.E.B., and credit unions.

January 31, 2012
Walmart and Redbox renew agreement

Redbox Automated Retail, a division of Coinstar, announced it has renewed its agreement with Walmart to continue featuring Redbox kiosks at more than 3,700 Walmart locations nationwide.

January 30, 2012
Carrefour selects retail veteran as new CEO

Carrefour, the second largest retailer in the world after Wal-Mart Stores, has selected French retailing veteran Georges Plassat, 62, as its next CEO and chairman.

January 30, 2012
Safeway names president for Vons division

Safeway Inc. named Lori Raya as president of its Vons division.

January 27, 2012
Target names more Canada store locations

Just a few weeks after unveiling the locations of its first 24 stores in Canada, Target released an expanded list of stores that will debut in 2013.

January 26, 2012
Report: Carrefour in talks to replace CEO

A Thursday report by the Wall Street Journal said that French retailer Carrefour SA may hire French apparel group chief Georges Plassat to replace current CEO Lars Olofsson.

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