Archives » January 2009

FTC Suspends Whole Foods Case as Grocer Seeks Settlement Talks

Published on January 29, 2009
The Federal Trade Commission, which is still challenging Whole Foods Market's acquisition of Wild Oats, today accepted a request by the grocer to temporarily suspend its case against Whole Foods in order to engage in settlement talks, Reuters reports."Upon consideration of the [Whole Foods] motion, the Commission has determined to withdraw this matter from adjudication for five (5)...
Continue Reading »

Retailers Improving Wireless Security, but Data Still at Risk

Published on January 29, 2009
Some 44% of the wireless devices used by retailers--such as laptops, mobile computers and barcode scanners--could be compromised, according to the second annual Motorola AirDefense Retail Shopping Wireless Security Survey.That percentage is significantly lower than results from the same retail shopping survey conducted in 2007, which found security vulnerabilities in 85% of wireless...
Continue Reading »

Rite Aid Same-Store Sales Up 1.0% in January

Published on January 29, 2009
Rite Aid Corporation today announced sales results for January, saying for the four weeks ended January 24 its same-store sales increased 1.0% over the prior-year period.Monthly Sales Front-end same store sales decreased 0.1% while pharmacy same store sales, which included an approximate 281 basis-point negative impact from new generic introductions, were up 1.5%. Same store sales...
Continue Reading »

Starbucks to Close another 300 Stores, Lay off 6,700 Workers

Published on January 29, 2009
Starbucks reported that its first-quarter earnings were down some 69% and announced another round of store closings as well as a workforce reduction by 6,700 planned for the remainder of the fiscal year.The company will be closing approximately 300 underperforming stores during the year--about 200 of them in the US. Those are in addition to the approximately 600 US and 61 Australian...
Continue Reading »

Online Merchandising Being ‘Elevated’ to Differentiate, Drive Sales

Published on January 28, 2009
Leading online merchants are optimizing features to get sales--rethinking promotions, refining search, retooling content/information, and reinventing community--according to merchandising results of the 11th Annual Mystery Shopping Survey from the e-tailing group. "Smart merchants are taking execution to a higher level; elevating the online shopping experience to provide customers with...
Continue Reading »

Best Buy Layoffs Planned for Headquarters

Published on January 28, 2009
Best Buy yesterday announced layoffs at its Minneapolis headquarters, after having offered voluntary layoff packages to nearly 4,000 corporate workers, of whom just 500 accepted those packages, reports Reuters.Best Buy has not issued details, including the number of jobs and types of positions to be cut. Spokeswoman Sue Busch Nehring is quoted as saying more information would be released...
Continue Reading »
Advertisement

Costco Keeps Close Eye on Recession Spending Trends

Published on January 28, 2009
The recession might mean fewer people ordering steaks in restaurants, but that doesn't necessarily mean they've given up on prime-grade meat; rather, they're buying it at Costco and cooking it at home, writes the Seattle Times.Though many customers are focusing on basic necessities, such as food staples and basic apparel (e.g., jeans, T-shirts), they're still going for the occasional...
Continue Reading »

Gap Names Mark Breitbard Chief Merchandising and Creative Officer of Old Navy

Published on January 28, 2009
Gap Inc. announced today that Mark Breitbard (pictured) will return to the company as chief merchandising and creative officer, leading design and merchandising functions for Old Navy.Breitbard, 40, will guide product strategy for the brand from design conception to product assortment through to its final presentation in stores. Breitbard, who had left Gap in 2005 after nearly a decade...
Continue Reading »

Drive-Through Retail Picking Up

Published on January 28, 2009
Retailers that handle the often-complicated logistics and IT demands of providing merchandise pick-up facilities for online purchases are likely to have hit on their hands, writes The Financial Times.Kmart, for one, is revamping an 85,000-sq-ft store in Joliet, IL to create a drive-through--under the name My Gofer-- to allow shoppers to pick up (sometimes without even getting out of the...
Continue Reading »

TJX CFO Tripathy Resigns, Naylor to Resume Position

Published on January 28, 2009
TJX Companies announced that its CFO, Nirmal K. "Trip" Tripathy, has resigned effective Jan. 31 "to pursue other opportunities" and that Jeffrey Naylor will resume the position of CFO. Tripathy has held the position since June 2007.Naylor, 50, will retaining responsibility for new business development and continue to serve as the company's chief administrative officer, TJX said. Naylor's...
Continue Reading »