Best Buy isn’t going to let Wal-Mart grab its iPhone business without a fight as the two ratchet up a struggle for dominance in popular consumer electronics. Only a week after word came out that Wal-Mart would offer two popular iPhone at a $2 discount to the usual price set by Apple, Best Buy announced that it is providing refurbished models for $50 less. At $149 for the eight-gigabyte and...
Retail Industry Archive
January 2009
Borders announces new CEO — Following a disappointing season in which holiday sales fell 12 percent, Borders Group Inc. is looking to shake up its strategy, starting with the hire of new CEO Ron Marshall. The veteran retail executive who once worked at rival bookstore chain Barnes & Noble succeeds George Jones; his appointment is paired with the hire of three other senior execs....
Costco looks to be adding the Nutrisystem program to its line up of products and services, in a move that will further boost the health business it has been quietly building. The post-holiday season is the big time for consumers to begin diets and for weight-loss programs to launch new initiatives, and certainly Costco will benefit from the addition of another element that makes it appear...
Apparel vendors aim to chip away at department-store margins — Clothing makers are aiming to force department stores that spent the holidays hacking away at prices to eat more of their markdowns in the aftermath of one of the dreariest Decembers in decades. Liz Claiborne Inc. is among the apparel companies demanding that stores that drastically slashed prices lower their profit margins...
63 percent of retailers see holiday sales increase – Although the holiday season was widely predicted to be among the worst on record, many retailers actually reported a year-over-year rise in sales from Nov. 1 through Dec. 21. About 63 percent of retailers saw holiday sales climb, with mid-sized and multi-channel retailers boasting the best performances, according to a Forrester Research...
The shopping mall as it has existed since the 1970s could be driven into a final decline by the current recession. The problem is two-fold. Many consumers and the retailers that serve them have moved on. Local power centers that developed around discount stores such as Wal-Mart and Target and quasi-department stores such as JCPenney and Kohl’s are more conveniently located and quicker to...
The iPhone may only be two bucks cheaper at Wal-Mart than it is elsewhere, but don’t underestimate what the retailer can do with the Apple device and a couple of dollars. Wal-Mart doesn’t win over consumers by selling a few things a lot cheaper but by selling everything a bit cheaper, just enough so that shoppers know they’re getting the best price or one so close it’s just not worth...
- Sears Face(book)s Black Friday
- Target Pumping Up Its Image with the Right Food
- Costco Challenges Coke and the Stakes Could Be High
- When Walmart Comes to Town, Other Retailers Self Destruct
- Blackhawk Part Two: Gift Cards Replace Banks as Consumers Get Creative
- Target Is Missing a Big Opportunity to Open More Urban Stores
- Blackhawk Helping Supermarkets Grab a Chunk of Everyone's Gift Card Business
- The New Normal Won't Emerge as a Walmart World
- Would You Bet on Black Friday?: Q&A With Bookmaker.com
- Macy's Holiday Prospects May Be Good But Long-Term Chances Murkier
- Supermarkets Adding Bars So Gourmet Consumers Will Entertain Thoughts of Shopping
- CVS Retail Operations Power Forward
- Timing Is Right for Rue21's IPO, if it Doesn't Overexpand
- Whole Foods Slims Down Stores So They'll Age Better
- Save-A-Lot Part 3: Private Label Strength Boosts Growth Prospects
- TheFind.com Give Bargain Hunters More Options Online
- Costco Challenges Coke and the Stakes Could Be High
- Pizza and Cupcakes Keep 'em Coming to 7-Eleven as Cigarette Business Slides
- Gap Stands Behind Flailing Banana Republic
- Prediction Calls for Happy Black Friday
- Target Talks Cheap but Can't Resist Chic
- Wal-Mart, Target and Costco Shine as Private Labels Challenge National Brands
- Walmart Garanimals Expansion Signals Gentler Approach to Holidays
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- P&G Retail Push Makes Sense, Risks Aside
- Walmart Readies Smaller Stores for Smarter Growth
- Duckwall-ALCO Rights Itself Amidst Recession
- Lauren Conrad YouTube Tops Kohl's Online Fashion Effort
- Giant Supermarkets Seek Advantage of Small Stores
- Neil Cole Steps Out From Brother Kenneth's Shadow With Iconix -- Or Does He?
- Costco Sees Key Product Categories Turn Positive in September
- Target Fashions a Comeback from Recession with Carlos Falchi, Jean Paul Gaultier
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