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Kohl’s E-commerce Grows, Gap Prepares Japan Site, Proposed Blockbuster Sale Protested
Kohl’s expects to achieve $1 billion in e-commerce sales in 2011, according to RIS News.The retailer credits a broadened assortment and aggressive marketing, and plans to open its third e-commerce fulfillment center later this year to help support internet sales growth.
E-commerce & Multichannel Retailing
As the retailing landscape in Japan becomes increasingly competitive, US...Continue Reading »
Best Western Voice Portal, Baby Boom Sales, Nordstrom Buys HauteLook
Best Western International has selected Interactions Corp. to provide a conversational voice portal for members of its Best Western Rewards loyalty program. The voice portal, which leverages Interactions' HumanTouch platform, is designed to help Best Western Rewards members experience a seamless customer care process, enabling them to quickly obtain account information, redeem awards and...Continue Reading »
Nordstrom Mobile Devices, Borders Files Chapter 11, Target Targets Urban Shoppers
Nordstrom will deploy mobile devices for its store employees by this fall, RIS News reports. Nordstrom has already paved the way for the rollout by equipping its 200-plus stores with WiFi capability.
Legal & Regulatory
Borders Group, with the authorization of its board of directors, has filed a petition for reorganization relief under Chapter 11 of the Bankruptcy Code.
Store Openings...Continue Reading »
‘The Daily Wrap:’ Lands’ End, Best Buy, Nordstrom
Lands' End has launched new Facebook and mobile Lands' End Shops, and will also run Twitter and Facebook contests on “Cyber Monday,” November 29. The mobile store is accessible from most phones with web access, not just smartphones, and Lands’ End is further launching a live video chat customer service feature.
Research & Stats
Responsys expects at least 70% of top online...Continue Reading »
‘The Daily Wrap:’ Wal-Mart, Target, Nordstrom
Wal-Mart Grows Net Sales 3%
Discount retailer Wal-Mart Stores, Inc. increased net sales 2.8% to $103 billion in its Q2 fiscal 2011. Other quarterly results include growth in consolidated operating income and decline in U.S. comparable store sales. Source: Wal-Mart Stores, Inc.
Target Uproots Garden Centers
Discount retailer Target Corp. is closing all of its 262 garden centers due to...Continue Reading »
‘The Daily Wrap:’ Netflix, Meijer, Levi’s
Netflix Plans Android App
Online movie rental retailer Netflix is reportedly hiring Android developers for the development of an official Android app. The app will allow users to steam Netflix Watch Instantly content. Source: TheNextWeb
Meijer Opens Replacement for Original Store
Midwestern discount retailer Meijer has opened a replacement for its original location in Grand Rapids, MI....Continue Reading »
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July Chain Store Sales Rise Less than Expected
U.S. chain?store sales for July 2010 rose by 2.8% on a year?over?year basis, according to [pdf] the International Council of Shopping Centers (ICSC) and Goldman-Sachs. This performance was below ICSC’s expectation for industry sales growth of 3?4%.
High-end Retailers Do Better
Considering that in July 2009, chain store sales decreased 5.1%, last month's growth...
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‘The Daily Wrap:’ B&N, Best Buy, Nordstrom
B&N Q4 Sales Show Strength
Embattled book retailer Barnes & Noble reported an impressive 19% increase in Q4 2010 sales. E-commerce sales rose 51% for the quarter, although Barnes & Noble still reported declining same-store sales and a consolidated net loss. Source: Barnes & Noble
Best Buy, Sprint Partner on Mobile Broadband
Best Buy is teaming up with Sprint to offer its own mobile...Continue Reading »
‘The Daily Wrap:’ McDonald’s, The Pantry, Facebook
McDonald’s Recalls ‘Shrek’ Glasses
Fast food retailer McDonald’s is recalling 12 million drinking glasses linked to a promotion of the film “Shrek Forever After” because they contain the toxic metal cadmium. Purchasers will be eligible for a refund. Source: Los Angeles Times
The Pantry Reports Interest in Sale of 74 Sites
Convenience store retailer The Pantry says it has...Continue Reading »
‘The Daily Wrap:’ Target, Wal-Mart, Safeway
Target Boosts Quarterly Net Earnings
Discount retailer Target reported a significant increase in net earnings during Q1 fiscal 2010. Target also increased sales and gross margin rate. Source: Target Corporation
Wal-Mart Insists on Domestic Chip and PIN
Discount retailer Wal-Mart wants to transition credit and debit card approval at its U.S. stores from signature mag-stripe to automated...Continue Reading »