Retail

Walmart Lowers Expectations; to Accelerate E-Commerce Investments

Doug McMillon

BENTONVILLE, Ark.-Walmart lowered its sales forecast, along with announcing an increase in its e-commerce efforts at an investor meeting yesterday. Blaming an overall tough economy, Walmart said that it expects annual sales to increase between 2-3 percent. Previously, Walmart had forecast 3-5 percent growth. Investments in e-commerce and digital initiatives are expected to range betweenMore »

Last updated: October 16, 2014

Shopko Expands Omnichannel Efforts

Shopko

GREEN BAY, Wis.–Shopko has expanded its omnichannel business to provide customers more access to product, including the ability to buy products online and ship them to its stores for free, the retailer said. The program now includes 310 locations across the U.S. “We are excited to launch this program since customers have been asking forMore »

Last updated: October 16, 2014

Sears Holdings’ Boire Named Acting President, CEO for Sears Canada

Ronald Boire

  HOFFMAN ESTATES, Ill.-Ronald D. Boire, executive vice president, chief merchandising officer and president for Sears and Kmart, has been named acting president and CEO for Sears Canada, effective today. “I have enjoyed working with Ron and appreciate the contributions he has made to support our transformation,” said Edward S. Lampert, Sears Holdings (NASDAQ: SHLD)More »

Last updated: October 15, 2014

Marvin Ellison to be J.C. Penney President/CEO

Marvin Ellison

PLANO, Texas–J.C. Penney has appointed Marvin Ellison, currently executive vice president of stores at Home Depot, as president and CEO-designee, effective Nov. 1. He will also join the Board of Directors at that time. Ellison will succeed Myron E. (Mike) Ullman, III, as CEO of J.C. Penney on Aug. 1, 2015. At that time, UllmanMore »

Last updated: October 13, 2014

High Point Market Authority Targets Retailers

Tom Conley

The High Point Market Authority has done its most extensive marketing ever to attract retailers to this month’s event. HPMA CEO Tom Conley said his organization has taken a three-tiered approach, for the first time, to drive retailers to the fall market. The HPMA is utilizing direct mail, e-mail and a two-pronged telemarketing effort toMore »

Last updated: October 13, 2014

Reports: Amazon to Open First Store in NYC

Amazon

NEW YORK-Amazon.com is set to open its first physical retail location here in Manhattan, at 7 W. 34th St., according to reports from multiple sources, including the Wall Street Journal and the New York Times. Responding to a request for comment from HFN, an Amazon spokesperson said the company has “made no announcements about aMore »

Last updated: October 10, 2014

Family Dollar Net Tumbles for Q4, FY

Family Dollar

MATTHEWS, N.C.-With the drama regarding whether Dollar General or Dollar Tree will wind up owning the company, Family Dollar reported steep declines in its net income for both the fourth quarter and fiscal year ending on Aug. 30. Net income for the quarter plummeted by 66.3 percent to $34.5 million, bringing net income for theMore »

Last updated: October 10, 2014

NRF: Retail Imports Will Set Record in October

NRF

WASHINGTON-Import cargo volume at the nation’s major retail container ports is projected to set a new monthly record in October, as retailers make a push to get inventory on their shelves for the holidays, according to the most recent Global Port Tracker report from the National Retail Federation and Hackett Associates. Import volume at theMore »

Last updated: October 10, 2014