Staples Acquiring Office Depot for $6.3 Billion
Staples will acquire all of the outstanding shares of Office Depot in a deal worth $6.3 billion.
News
Macy’s, Inc. Agrees to Acquire Bluemercury
Macy’s, Inc. to grow its beauty business and enhance customer offerings in standalone Bluemercury specialty locations, in digital channels and in Macy’s stores.
UPS To Add Peak Season Surcharges, Seeking to Offset Operating Costs
UPS CEO David Abney said the company will add peak season surcharges on residential deliveries to recoup network investments and improve operating results.
Retailers Support Effort to Repeal the Affordable Care Act
The National Retail Federation expressed strong support for legislation aimed at repealing the Affordable Care Act to legislators today.
Brennan Starts Role as New U.S. Postal Service Postmaster General
Megan J. Brennan officially becomes the 74th Postmaster General and CEO of the U.S. Postal Service on Feb. 1, succeeding Patrick R. Donahoe.
UPS, FedEx Increase Fuel Surcharge Rates
Effective Feb. 2, UPS raised its fuel surcharge rates for ground and air services, as did rival FedEx.
Lands’ End Gets a New Leader
Lands’ End, Inc. has named Federica Marchionni as its Chief Executive Officer, effective Feb. 17. See what this means for the retailer.
Jet.com Is an Ecommerce David Taking on Amazon’s Goliath
Jet.com, a disruptive startup based in Montclair, NJ, is going after Amazon by taking a new approach that allows sellers to undercut the ecommerce giant on price by using a system that finds and exploits cost efficiencies in the ecommerce fulfillment process.
Amazon Triples Items Eligible for Free Shipping
By lifting a restriction that required all items in an order to come from the same seller to qualify for free shipping, Amazon has more than tripled the number of items that qualify for the benefit.
Storm Juno Cost Online Retailers $35 Million
Adobe estimates that the Storm Juno cost online retailers $35 million yesterday due to power outages, over-run cellular networks and general prep for the storm.