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PR Newswire ARCHIVE

Lowe’s Launches Natural Gas-Powered Truck Fleet  Oct 21, 2013 11:09 AM By MCM Staff

Lowe’s has launched a dedicated fleet of natural gas-powered trucks at its regional distribution center in Mount Vernon, TX, making the DIY home improvement merchant’s fleet among the first serving a major retail distribution center in North America to run solely on natural gas.

Overstock.com’s 3Q Revenues Rose 18%  Oct 21, 2013 11:03 AM By MCM Staff

Total net revenue for Q3 2013 and 2012 was $301.4 million and $255.4 million, respectively, an 18% increase. The growth in net revenue was primarily due to a 16% increase in average order size, from $147 in Q3 2012 to $170 in Q3 2013, coupled with a 2% increase in orders.

Urcelay Promoted to CEO at Toys R Us  Oct 18, 2013 3:50 PM By Tim Parry

Toys R Us has taken the Interim tag off Antonio Urcelay and named him CEO on Oct. 16. The merchant also announced that former ServiceMaster and Walmart executive Hank Mullany has been named president, Toys R Us, U.S., effective Nov. 5.

NRF: Legislating from Crisis to Crisis is No Way to Govern  Oct 16, 2013 4:35 PM By Tim Parry

The National Retail Federation today released the following statement from NRF President and CEO Matthew Shay on the expected decision to reopen the government and delay the debate on the debt ceiling: “While there is some satisfaction at achieving a deal, today’s agreement between the House and Senate merely ensures more opportunities to continue the […]

NRF: Washington Gridlock to Impact Holiday Spending  Oct 16, 2013 7:31 AM By Tim Parry

Faced with continued economic uncertainty and used to doing more with less, consumers will take a conservative approach to spending this holiday season, according to National Retail Federation’s holiday consumer spending survey

Kmart and Sears Highlight Holiday Gameplans  Oct 15, 2013 3:22 PM By MCM Staff

Sears, Roebuck and Co. has announced its strategies to attract holiday shoppers this season. For example, Kmart will roll out its Lease-to-Own program in time for Black Friday, while Sears announced it has more than 95 million items available via Sears Marketplace.

The End of Black Friday? Research Shows Retail Holiday in Decline  Oct 15, 2013 1:49 PM By Tim Parry

Black Friday shopping may be on the decline, according to a new study by customer satisfaction technology and analytics firm CFI Group. The 2013 Holiday Retail Spending Report found consumers are placing less emphasis on the post-Thanksgiving event and starting their holiday shopping earlier in the season.

PayPal Coming to More Brick-and-Mortar Stores  Oct 14, 2013 9:34 AM By Tim Parry

Collaboration with Revel Systems will integrate PayPal with POS system for mobile discovery, ordering ahead and secure mobile payments.

J.C. Penney’s Ecommerce Sales Continue to Rise  Oct 12, 2013 1:58 PM By Tim Parry

J.C. Penney’s ecommerce sales increased 25.3% year-over-year in September. The increase marked the third consecutive month of double-digit ecommerce sales growth, according to J.C. Penney. Ecommerce sales grew 10.8% in August, and 14% in July.

Men’s Wearhouse Rejects Jos. A. Bank’s $2.3 Billion Offer  Oct 10, 2013 8:01 AM By Tim Parry

The Men’s Wearhouse’s Board of Directors voted Oct. 9 to reject an unsolicited, non-binding proposal from Jos. A. Bank to acquire Men’s Wearhouse for $48 per share in cash.






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