Retailer Daily

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‘The Daily Wrap:’ Staples, B&N, Costco

Mar 12, 2010 11:08am

Staples Launches B2B Site Staples Advantage, the business-to-business division of office supply retailer Staples, Inc., has launched a new web site, StaplesAdvantage.com, to address what the company calls customers’ growing demands for supplier consolidation and reduced procurement costs. Current and prospective customers can view the full scale of Staples Advantage’s products...

Williams-Sonoma Seeks Store Closures in Large Markets

Mar 12, 2010 10:57am

Specialty retailer Williams-Sonoma intends to shutter an undisclosed number of stores in large, multi-store markets. According to the Wall Street Journal, Williams-Sonoma CFO Sharon McCollam told attendees of an investor conference the retailer’s goal is optimizing cost per square foot rather than simply reducing store footprint....

Minority Growth Represents Retail Opportunity

Mar 12, 2010 9:55am

The increasing percentage of the U.S. demographic profile represented by ethnic minorities presents an opportunity to retailers, according to The Nielsen Company. In particular, retailers who sell CPG products and/or engage in mobile retailing can benefit from shifting U.S. demographics....

Google Throws Retail Inventory into the Local Mix

Mar 12, 2010 8:59am

Google has introduced a new application that lets mobile users search local retailers’ inventory to see if a particular item is in stock. Only a handful of stores are participating; Best Buy, Sears, Williams-Sonoma and Pottery Barn among others, but even this limited number adds a new twist to the...

St. Patrick’s Day Set to Be Greener in 2010

Mar 12, 2010 8:00am

American consumers are feeling more festive about St. Patrick’s Day this year than they did last year, according to the results of a recent National Retail Federation (NRF) survey conducted by BIGResearch....

‘The Daily Wrap:’ Amazon, Sears, Gymboree

Mar 11, 2010 10:45am

Amazon Confirms 1-Click Patent Following a four-year re-examination, the U.S. Patent Office is confirming online retailer Amazon.com’s patent on its single-click purchase technology. The patent, set to expire in 2017, has been challenged by multiple parties since it was initially filed in 1997. Source: TechFlash...

Abercrombie to Vacate 100 Underperforming Stores

Mar 11, 2010 10:00am

Specialty youth apparel retailer Abercrombie & Fitch has identified more than 200 underperforming stores. According to the Wall Street Journal, about half of those stores will have a lease expire in the next three years, at which point Abercrombie will vacate them....

Target Offers Scannable Mobile Coupons

Mar 11, 2010 9:02am

Discount retailer Target is entering the increasingly crowded retail mobile coupon arena. Target is launching a new national mobile coupon program that allows customers to receive mobile coupons directly on their mobile phones and redeem them by scanning a barcode at checkout....

Fast Food Chains Target High Unemployment - Update

Mar 11, 2010 8:40am

State unemployment rates moderately increased in January 2010, with 30 states and the District of Columbia reporting over-the-month increases, nine registering decreases, and 11 having no significant rate change....

Trade Deficit Continues Volatility - Update

Mar 11, 2010 6:45am

The U.S. trade deficit in goods and services fell 6.5% in January 2010, from a revised $39.9 billion to $37.3 billion. The deficit has been displaying a seesaw pattern since summer 2009, growing 4% in June and 14% in July and declining 3.7% in August before growing 18.5 in September,...