ECOMMERCE

TJX Gets Out of the Web Business

BY CSA STAFF

Framingham, Mass., The Internet may be the retail channel of the future for some companies, but not TJX Cos. Framingham, Mass.-based TJX announced yesterday that it intends to exit its e-commerce business, which “has not delivered the sales we had planned,” said chairman Bernard Cammarata. The company’s TJMaxx.com and homegoods.com sites will cease business this month, under the plan. “Exiting this business will eliminate these losses going forward and allow us to better focus our energies into other areas,” he added. Its on-line business is expected to result in operating losses of $15 million for the current fiscal year. The chain also said it would slow its real estate expansion at A.J. Wright and HomeGoods.

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J.Ronald says:
Apr-19-2013 01:22 pm

Its great!
Our company has managed its reputation and is trying every day to remain on top of web broad variety business's record by offering our customers authentic views off all other organizations having web extensive broad range assistance.Omnis Hosting Reviews | Dedicated Server Hosting.

J.Ronald says:
Apr-19-2013 01:22 pm

Our company has managed its reputation and is trying every day to remain on top of web broad variety business's record by offering our customers authentic views off all other organizations having web extensive broad range assistance.Omnis Hosting Reviews | Dedicated Server Hosting.

E.Ako says:
Mar-24-2013 07:34 am

Web business makes a work
Web business makes a work more effective and efficient between suppliers and the company. They can serve the customers better to their needs and wants. - Rich Von Alvensleben

E.Ako says:
Mar-24-2013 07:34 am

Web business makes a work more effective and efficient between suppliers and the company. They can serve the customers better to their needs and wants. - Rich Von Alvensleben

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Wal-Mart Sues Former Employee for Breach of Contract

BY CSA STAFF

Bentonville, Ark., Asuit filed yesterday in Benton County Circuit Court alleges that former Wal-Mart business analyst David F. Smith, who resigned last Monday, e-mailed RFID data confidential to the retailer.

Included in the e-mails, allegedly transmitted between July 27 and Sept. 7, were pricing and cost information, future planning and strategy considerations and budget information, the complaint states. Wal-Mart is requesting a temporary restraining order to prevent the information from being used.

Wal-Mart is seeking unspecified monetary damages from Smith.

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Parent Wegmans to Close All Chase-Pitkin Stores

BY CSA STAFF

Rochester, N.Y., Unable to keep up in face of battering competition from The Home Depot and Lowe’s, all 14 Chase-Pitkin Home and Garden Centers, owned by Wegmans Food Markets and located throughout New York State, will be shuttered between March 2006 and sometime later in the year.

“Chase-Pitkin is simply not big enough to compete successfully and grow the business,” said chairman Robert B. Wegman.

Some of the 395 full-time and 1,253 part-time employees in the Rochester area will be employed by Wegmans, the company said.

Wegmans purchased Chase-Pitkin in 1974.

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