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Industry news and insights by Lisa Everitt
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Field Report From the Mall: Uh-Oh
Drifting along with the tumbling tumbleweeds at a regional mall in Colorado. ... Continued »
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Field Report from the Mall: Uh-Oh (Unless You’re Apple)
You could have rolled a bowling ball down the wide corridors of FlatIron Crossing Mall in Broomfield, Colo., Monday night – and not hit a soul. It was dismal, with one exception: the Apple Store.
...- Urban Outfitters Cashes in on Customer Experience
- What Forever 21 Will Do With Mervyns
- Retail Roundup: Specialty Stores Succeed, e-Bay Points Compass Overseas
- Retail Roundup: 40,100 retail jobs cut in September, Dillard’s sued
- Study: In Retail, Higher Payroll Leads to Higher Profits
- More Retail Insights
Retail Articles
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eBay cuts 10% of workforce and buys three companies
The new CEO of eBay, John Donahoe, has announced that the firms is cutting 10% of its 16,000 workforce in an effort to cut costs before its October 15 board meeting. He also announced the acquisition of three companies for USD1.35bn. ...
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Online Firm EBay to Cut 1,600 Jobs
After a series of changes designed to draw more people to its online marketplace, eBay Inc's latest alteration is aimed at its own employees.The auction site operator said Monday it will cut about 1,600 jobs, 10 per cent of its work force, in its largest round of dismissals ever.About...
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Tech Roundup: Linux Boomerangs, Faux Military Chips, and More
Linux laptops become boomerangs, strong returns -- At least one OEM, MSI, is seeing much stronger returns on Linux laptops than on those running Windows, to the tune of four to one. Apparently people like the price, open the box when they get home, start the laptop up, and then...
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Sony Updates Its Reader: Built-In Light, Touchscreen But Still No Wireless
We're in e-book leapfrog mode ... the third generation of *Sony's* Reader Digital Book (PRS-700BC) offers a 6-inch touch screen with built-in LED lighting, a stylus, a virtual keyboard and a faster processor. Priced at $400, $50 higher than the Amazon (NSDQ: AMZN) Kindle, it should start shipping mid-November....
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Deal Radar 2008: Elastra
Back in January, I wrote a Trend Radar piece called SaaS Impact on IT Infrastructure and predicted that the adoption of SaaS in the enterprise will give rise to a series of innovations to help manage the operational complexities surrounding the phenomenon. In this column, we look at Elastra,...
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Depressing Movies: Netlix Cuts Q4 Outlook; Shares Down
So maybe people aren't watching that many movies during these depressing times, or at least not joining a new service in droves: Netflix (NSDQ: NFLX) has cut its Q4 subscriber outlook, and also said that Q3 ended with fewer subscribers than it anticipated. CFO Barry McCarthy said that...
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Retail Roundup: Specialty Stores Succeed, e-Bay Points Compass Overseas
Specialty apparel stores add new hires while department stores trim staff -- While department stores are feeling a heavy blow thanks to decreased consumer spending, specialty stores seem to be grappling their way through the dark economy without picking up too many bruises along the way. While department stores shed 10,800 jobs in September,...
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eBay Pays $945M For Bill Me Later; Buys Two Danish Sites For $390M; Cutting Staff By 10 Percent
eBay (NSDQ: EBAY) announced two acquisitions—spending over $1.3 billion altogether—this morning designed to shore up its other parts of its business in the face of declining profits and stagnant traffic at its primary online auction site. The company also finally addressed layoff rumors and said that it is indeed...
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eBay buys Danish rival, Den Bla Avis, for USD381.9m
eBay is accelerating its international expansion with the acquisition of Danish rival, Den Bla Avis, for DKK2.1bn (USD381.9m). Den Bla Avis operates online auction site dba.dk, a classified ads magazine as well as various classifieds sites and two physical second-hand stores. ...
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Apple to sell Macs through Carphone Warehouse - Rumour
Apple is set to sell Macs and Mac accessories through Carphone Warehouse CW in a bid to increase its computer sales in the UK, reports AppleInsider. As many as 800 of the mobile phone retailer’s stores could be Apple authorised to sell Macs by next year with Apple-trained sales...
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EBay to Cut 10 Percent of Jobs
NEW YORK (Reuters) - EBay Inc plans to cut its work force 10 percent and sees third-quarter revenue hitting the low end of its forecast, though profit will exceed expectations, the online auction Web site said on Monday.EBay also said it would spend more than $1.3 billion to buy companies...
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Wal-Mart's Small-Store Test Starts this Weekend
Will small grocery stores built by major chains prove to be a successful alternative to huge supermarkets? Perhaps, over the long run. But will they prove to be successful during possibly severe recession? We may soon find out. Wal-Mart tomorrow will open the first...
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Sainsbury Sales Seen Picking Up
By Mark PotterLONDON (Reuters UK) - J Sainsbury SBRY, the third-biggest supermarket group, is expected to report a 3.9 percent rise in second-quarter underlying sales on Wednesday, a pick up from the first quarter, but lagging rivals.Investors will be looking for signs of how the group, which is associated with...
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Family Dollar Stores, Inc. F4Q08 (Qtr End 08/31/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Mark Miller - William Blair & Company Mark Miller - William Blair & Company Can you discuss Family Dollar’s marketing strategy in an environment where we can expect that promotions probably only going to increase...
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Sainsbury Sales Seen Picking Up
By Mark PotterLONDON (Reuters UK) - J Sainsbury SBRY, the nation's third-biggest supermarket group, is expected to report a 3.9 percent rise in second-quarter underlying sales on Wednesday, a pick up from the first quarter, but lagging rivals.Investors will be looking for signs of how the group, which is associated...
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Conn's: Well-Run Regional Player
Steve Alexander submits: Conn's CONN is a regional home appliance (27% of sales) and consumer electronics (30%) retailer operating 73 stores in Texas, Louisiana, and recently into Oklahoma. Right off the bat, the first thing that comes to mind is "tough competition." Indeed, since the company is going nose to...
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GE Shares Slide After Secondary Stock Offering
By Scott MaloneBOSTON (Reuters) - General Electric Co GE shares fell as much as 10 percent on Thursday, touching a new 5-1/2-year low, as its sale of $15 billion in new stock to investors including Warren Buffett failed to soothe Wall Street worries.GE shares have tumbled about 40 percent this...
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GameStop buys rival Micromania for USD700m
US videogames retailer, GameStop, has bought French rival Micromania for USD700m from private equity firm L Capital. The acquisition marks GameStop's expansion into France, where Micromania operates 332 stores. GameStop says the deal will bring its retail points in Europe to 1,077, spread across 12 countries. ...
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eBay Down Further as Morgan Stanley Downgrades
Eric Savitz (Barron's) submits: There’s new selling pressure on eBay EBAY Thursday morning, after Morgan Stanley’s David Joseph cut his rating on the stock to Equal Weight from Overweight. “Seller checks and proprietary data indicate that trends deteriorated more than expected in Q3 amid eBay’s ongoing transition in...
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Deal Radar 2008: Aggregate Knowledge
Aggregate Knowledge AK provides content discovery through the Pique Discovery Network, a service that imitates how people shop for products offline and translates that into opportunities for retailers and publishers online. The company works with various content and e-commerce sites and provides their users with recommendations, thereby increasing page...
Top Rated
- While Airlines Suffer, Airport Retail Set to Soar+45 votes
- Fake Store Teaches Frito-Lay How Shoppers Behave+40 votes
- The Wattles Plot Thickens at Circuit City+38 votes
- Guys Driving Around Stole 41 Million Credit Card Numbers+37 votes
- Not So Healthy Atmosphere at Pre-Merger Wild Oats+35 votes
- Crocs Losing Patent Battles, Now Losing Sales+26 votes
- Ann Taylor Finds Upside in Treating Employees Like Inventory+26 votes
- Sears' New Halloween Venture: Fright Wigs, Battle Scars+22 votes
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BNET Retail provides daily industry news coverage and insights for managers and executives about the key players in the consumer retail industry. In addition to detailed company profiles, we bring you critical analysis on new alliances and partnerships, new products, mergers and acquisitions, labor and cost management, investments and deal flow, and a host of other important business issues.
