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By Brian Numainville | Brian Numainville and Doug Madenberg of Retail Feedback Group share retail stories/news. @retailfeedback and @bnumainville
Mark Reilly Managing Editor Minneapolis / St. Paul Business Journal
Peter Newcomb | Bloomberg
A Save-A-Lot store in St. Louis.
Supervalu Inc. is …Minneapolis
It’s working with The RealReal.
Neiman Marcus wants you to buy its clothing, sell it through the online consignment store The RealReal and then buy more clothing.
The two companies have partnered up in a symbiotic relationship to get consumers to sell off unwanted products for Neiman Marcus gift …
The high end department store will double the number of its stores that carry Madewell clothing to 30 to bolster its lineup of exclusive merchandise.
Madewell has been the saving grace of struggling parent company J.Crew for a few quarters now, attracting legions of shoppers with its denim, arty …Nordstrom
Why did Apple choose Best Buy to carry their Apple Watch when so many other stores would jump at the chance? This is the question many electronics …Apple Watch
It was only a matter of time before eBay Now would be put out to pasture once and for all. But that's official as of today, eBay revealed in a statement about how it plans to simplify shopping for users. The company introduced its same-day, on-demand delivery service in 2012, but struggled to …
The Apple Watch will be available at Best Buy retail stores from August 7. As the first major retailer in the U.S. to sell Apple’s smartwatch, Best Buy will initially stock more than 100 stores before expanding to more than 300 in time for the holiday shopping season.
Customers will be able to buy …Apple Watch
Customers would order online and schedule a store pickup, report says.
Amazon wants to change how shoppers tackle a top weekend errand: going to the grocery store.
The e-commerce company is reportedly developing a drive-up store concept in California, according to the Silicon Valley Business Journal. …Amazon
Could it be the end of the road for American Apparel? Maybe.
A culmination of factors is leading experts to believe that the brand, which specializes in basic garments favored by young urbanites, is close to bankruptcy, reports the New York Post. The combination of a $15.4M bond payment due in …Clothing
The cost-cutting prowess of Tim Hortons’ new Brazilian owner is starting to pay off, helping the coffee-and-doughnut chain generate some strong second-quarter results.
3G Capital Partners LP of Brazil, known for its bare-bones operations at companies such as H.J. Heinz and Burger King, is bringing …Tim Hortons
There’s a new low-ball retailer in town and it goes by the name of Jet.com. The site founded by Marc Lore, former co-founder and CEO of Quidsi (Diapers.com, Soap.com, etc.), promises the lowest prices online. So far, according to new price comparison research, the site is doing just that.
Last week, …Amazon
It didn't take long to find a new tenant for the vacant Kmart building near Burnsville Center. Plano, Texas-based At Home Group Inc. plans to open in …Minneapolis
This week an important event happened on Wall Street. The value of Amazon (~$248B) exceeded the value of Walmart (~$233 billion). Given that Walmart is world’s largest retailer, it is pretty amazing that a company launched as an online bookseller by a former banker only 21 years ago could be worth …Amazon
On Wednesday, New York’s Wage Board made an unprecedented move: they approved a new $15 hourly minimum wage for the state’s approximately 200,000 fast-food workers. The decision marks the first statewide industry-specific raise in history.
Now, the ‘Fight For $15′ movement of labor activists and …Food
Amazon had a great second quarter.
Amazon had an excellent second quarter and CEO Jeff Bezos is reaping the benefits. In fact, reports state that his net worth has skyrocketed by as much as $7 billion over the last day thanks to shares of the e-commerce giant soaring.
Bloomberg reported earlier …Fortune 500
Wal-Mart Stores has acquired the remaining 49% stake it didn’t already own in Chinese online supermarket Yihaodian, as the company tries to better focus on the country’s online shopping boom.
Wal-Mart bought the shares from China’s Ping An Group and Yihaodian co-founders, former Chairman Yu Gang and …Asia
Starbucks said global sales increased 18% to $4.9bn in the quarter to 28 June - its highest ever quarterly revenue.
"Among the strongest and most remarkable quarters in our over 23 years as a public company," is how boss Howard Schultz has described its third quarter performance.
The rise was mostly …Starbucks
Amazon’s stock just skyrocketed 18 percent in after-hours trading. Here are three reasons why investors are happy right now:
1) Amazon surprised Wall Street
Amazon surpassed analyst expectations by a landslide. The company was expected to generate losses per share of $0.14 — it instead …Amazon
The expansion of alcohol superstore Total Wine & More into the Twin Cities market has caused liquor prices to drop as smaller retailers try to …Wine
Upstart shopping site aims to be cheaper than Amazon, more practical than Costco.
If you haven’t heard of Jet.com yet, you will very soon. The groundbreaking startup e-retailer has already accumulated 100,000 trial members in limited markets, and on Tuesday it will open fully to the public across …Amazon
If Hy-Vee has its way, the grocery chain’s first two Twin Cities stores set to open in September will be the beginning of a long-term shake-up of the …Minneapolis
Independent reports yesterday had said that Amazon’s big “Prime Day” sales event had sent the online retailer’s sales spiking. Today, Amazon is detailing the impact of Prime Day by releasing its own internal metrics. According to the company, Amazon Prime Day broke sales records, even exceeding …Amazon
Rollback. Doorbuster. Blowout prices. Do those words mean anything anymore?
Even Black Friday is fast getting lost in the blur of perpetual discounts as some of the nation’s biggest retailers go head-to-head Wednesday in a new midsummer event — yet another addition to an annual sales calendar packed …Amazon
Wal-Mart launches massive sale to rival Amazon's new Prime Day, which promises 'more deals than Black Friday'
Wal-Mart is launching a massive sale to rival Amazon's new Prime Day, a day of shopping that Amazon says will have "more deals than Black Friday."
The Wal-Mart sale, which will involve more than 2,000 online-exclusive discounts, starts Wednesday. That's the same day as Amazon's Prime Day.
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From a review of its financial filings, you wouldn't describe Costco (NASDAQ:COST) as a global retailer. Sure, it runs …Costco
Wal-Mart Stores investors have had a tough year. Shares of the retail giant have fallen 15%, sliding as the company's turnaround initiatives have yet to generate momentum.
The company surprised the business world earlier this year when it announced that it would raise wages to at least $9/hour for …Predictions
Lower prices, lower profile
Apparel maker J. Crew quietly announced the opening of a “value-driven” store, the first in a new chain of retail spots that will try to drum up sales among budget-conscience shoppers.
The new chain, dubbed J. Crew Mercantile, will debut in a Dallas shopping center in …J. Crew
Wal-Mart is expanding its fleet of smaller-format stores, called Neighborhood Markets.
The Markets, which are one fifth of the size of Wal-Mart Supercenters, pose a major threat to traditional supermarkets like Whole Foods, Kroger, and Trader Joe's, according to Moody's analysts.
"The advantages of …Walmart
In-store beacons are attracting a lot of marketers’ attention, but the question is whether they make a bottom line difference to the store owner.
The jury is still out on that question for all user groups, but today beacon platform inMarket is introducing some new evidence suggesting the …Marketing Automation