Is RadioShack Going Out of Business?
Electronics retailer Radio Shack could file for bankruptcy soon after its shares lost nearly a third of its value, brokerage Wedbush Securities reported Tuesday, according to Reuters.
brick-and-mortar
Global Ecommerce Now a Mainstream Retail Objective
Global ecommerce is fast becoming a mainstream objective as companies look to other shores for new opportunities as the domestic market becomes saturated.
Google Teams Up with Barnes & Noble to Take On Amazon
Aiming for Amazon, Google adds Barnes & Noble to its Google Shopping Express same-day delivery program in Manhattan, San Francisco, West Los Angeles.
Rewards Data Helps GameStop Drive Omnichannel Growth
Data from its PowerUp rewards program has helped fuel omnichannel growth for retailer GameStop.
Toys R Us Lays Out New Omnichannel Strategy
In order to become what it is calling “a customer-centric business” and to improve the customer experience in-store and online, Toys R Us laid out several initiatives for 2014 that it hopes will improve the company’s operational performance.
Flip Flop Shops Lands Deal in Middle East
Flip Flop Shops announced a master franchise agreement with Middle East fashion leader, Al Mana Fashion Group, W.L.L., that includes significant global expansion with the development of 50 Flip Flop Shops retail locations throughout the region, including shops in Qatar, United Arab Emirates, Kingdom of Saudi Arabia, Kuwait, Bahrain and Oman.
J.C. Penney Closing 33 Stores, Laying Off 2,000
J.C. Penney has announced that it will close 33 under performing stores across the country and laying off 2,000 employees in an effort to save $65 million.
Barnes & Noble Reports 6.6% Decrease in Holiday Sales
The Barnes & Noble retail segment, which includes traditional brick-and-mortar stores and BN.com, released its 2013 holiday sales results which show a 6.6% decline compared to last year.
2,500 Layoffs, Store Closings Announced at Macy’s
In an effort to save nearly $100 million annually, Macy’s has laid out a cost reduction plan which includes laying off 2,500 workers and the closing of a handful of its brick-and-mortar stores.
PayPal Coming to More Brick-and-Mortar Stores
Collaboration with Revel Systems will integrate PayPal with POS system for mobile discovery, ordering ahead and secure mobile payments.