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News ARCHIVE

Ascena Retail Group to Acquire ANN INC.  May 18, 2015 1:28 PM By Daniela Forte

Ascena Retail Group Inc., owner of plus-sized apparel brand Lane Bryant has announced it will merge with ANN INC., for a total of $2.0 billion. See what this will mean for both companies.

Walmart Undercuts Amazon on Price for Subscription Shipping Program  May 15, 2015 9:29 AM By Mike O'Brien

Walmart will test a $50 per year subscription ecommerce shipping service this summer, compared to Amazon Prime’s $99, that gets order to door in three days.

O+F Advisor Distribution Center Roundup, May 14, 2015  May 14, 2015 3:31 PM By Mike O'Brien

A listing of recently announced expansions, additions and closures in retail distribution centers and fulfillment centers.

Macy’s Says Several Adverse Factors Caused Q1 Sales Dip  May 14, 2015 2:47 PM By Mike O'Brien

Fewer sales from international tourists, growing pains in omnichannel, bad weather, the West coast port strike and lower merchandise sales hit Macy’s Q1.

Sephora Opens Flagship Store on a Marketplace in China  May 13, 2015 10:15 AM By MCM Staff

Global beauty retailer Sephora has launched its first and only Chinese online flagship store on a marketplace used by consumers in China. Here’s why Sephora says joining this marketplace will significantly help in its ecommerce and overall retail strategy for China.

Staples Expands Global Presence  May 13, 2015 10:10 AM By Daniela Forte

Staples announces its plans to expand its global presence. See which countries made the list and what it will mean for Staples.

USPS Reports Q2 Net Loss of $1.5B but 14.4% Gain in Parcel Volume  May 08, 2015 3:15 PM By Mike O'Brien

The USPS reported a $1.5B net loss in Q2, but a 14.4% gain in shipping and parcel volume, nearly double the 7.3% bump in 2014, boosting operating revenue.

Alibaba Group Replaces CEO  May 07, 2015 11:21 AM By Tim Parry

Daniel Zhang, currently Chief Operating Officer of Alibaba Group, will become CEO of Alibaba Group, effective May 10. Zhang will replace Jonathan Lu, who will remain on Alibaba Group’s board of directors as Vice Chairman. Also, here’s a look at how Alibaba Group performed for the quarter that ended on March 31.

FAA Allows Drone Testing Beyond Line of Sight  May 06, 2015 5:34 PM By Mike O'Brien

The FAA said it will allow commercial testing of drones beyond pilot line-of-sight, making drone deliveries by Amazon and Google a bit closer to reality.

Macy’s Launches Off-Price Stores in Greater New York City  May 06, 2015 1:38 PM By MCM Staff

Macy’s will launch the first four off-price stores known as Macy’s Backstage in the fall of 2015 in metro New York City. See what this means for the company.






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