Retail Feedback Today

By Brian Numainville | Brian Numainville and Doug Madenberg of Retail Feedback Group share retail stories/news. @thefeedbackgrp and @bnumainville

Why GameStop Corp. Stock Plunged Today

Image source: The Motley Fool.<p><b>What:</b>Shares of<b>GameStop Corp.</b>(NYSE: GME)fell 10.6% Friday after the specialty gaming retailer announced weaker-than-expected fiscal second-quarter 2016 results.<p><b>So what:</b>Quarterly revenue fell 7.4% year over year, to $1.63 billion, driven by a 10.6% decline in …

Investing

Kantar Forecast: Online's Best Holiday In Five Years

While many of us are struggling to wrap their brains around fast-approaching Labor Day, Kantar Retail is a season ahead, already releasing its …

Advertising

AmazonFresh customers: Beware of the $5 Snickers bar

Some potential bugs on Amazon could be unnecessarily costing its AmazonFresh customers a lot more money.<p>In mid-June, Dave Jackson bought a Frito-Lay …

Amazon

Amazon will open physical bookstores in Chicago and Portland

Amazon has plans to open more physical bookstores, further expanding its brick-and-mortar store footprint. According to the <i>Financial Times</i>, Amazon spokeswoman Deborah Bass said yesterday that the retail giant is opening locations in Chicago and Portland, with the Chicago store due to open next …

Amazon

How Walmart Won Back Shoppers From Dollar General

The world’s largest retailer hit its dollar store competitor, hard.<p>Dollar General DG has been cutting prices by about 10% on hundreds of staples like milk and eggs as it looks to keep customers who are drifting back to Walmart. WMT<p>The dollar store was one of the fastest growing retailers in the …

Walmart

The Apple Store is now just Apple, and all retailers could learn from that

The Apple Store is no longer the Apple Store. It now is just Apple, as in Apple Orland Square Mall or Apple Lincoln Park. This is subtle, but in no way trivial.<p>It may be just one word, but taking Store out of the name is a statement about focus, purpose and expectations as surely as when Steve Jobs …

Apple Store

Click. Buy. Done. These 'M Commerce' Statistics Show That Smartphone Shopping is Viral

Just ten years ago, if someone had tried to sell you on the "mobile shopping experience," it would have likely resulted in a bit of laughter and disbelief. But today, the ecommerce industry caters to smartphone shoppers. In fact, mobile commerce (also referred to as "m commerce") has become a …

E-commerce

Has Flipkart lost No 1 slot to Amazon?

<b>Bengaluru/New Delhi:</b> Flipkart seems poised to lose its cherished status as India’s largest e-commerce firm to arch-rival and role model Amazon.com …

Amazon

Wal-Mart's Jet.com Buy Puts Online Sales Tax at the Forefront

This month, Wal-Mart announced plans to acquire e-commerce start-up Jet.com for $3.3 billion in the largest ever buyout of a U.S. e-commerce …

Walmart

Retailers face threat of theft with self-service checkouts

<i>This story was delivered to BI Intelligence "E-Commerce Briefing" subscribers. To learn more and subscribe, please click here.</i><p>The use of self-service checkouts has increased the risk of shoplifting, notes the New York Times, citing a recent study by the University of Leicester.<p>The study analyzed …

Amazon expands warehouses in the UK

<i>This story was delivered to BI Intelligence "E-Commerce Briefing" subscribers. To learn more and subscribe, please click here.</i><p>Amazon is set to open its 13th fulfillment center in the UK at Tilbury, Essex (England), according to Internet Retailer.<p>The new fulfillment center will utilize Amazon …

Amazon

Banana Republic is destroying Gap

Business Insider/Mallory Schlossberg<p>Gap Inc. is falling apart — and Banana Republic is its weakest link.<p>In the second quarter, the parent company of Gap, Old Navy, and Banana Republic saw sales slip 2%, the company announced on Thursday.<p>Out of its three core brands, Banana Republic saw sales …

Banana republic

Flipkart launches speedy, loyalty service to take on Amazon

<b>Mumbai:</b> India’s largest e-commerce company Flipkart has launched a loyalty service called Flipkart Assured, promising speedier delivery of products …

Amazon

Mysterious ‘Project X’ points to Amazon drive-up grocery store in Seattle’s Ballard neighborhood

Amazon is planning to open a drive-up grocery store in Seattle, newly discovered planning documents suggest.<p>Permit filings uncovered by GeekWire show …

Amazon

Home Depot's Q2 Results Might Measure State Of Housing And Consumer Spending

Home Depot Chief Executive Craig Menear recently stated that sales across his stores, including merchandise and services, were robust amid a housing industry that’s firming up.<p>“We’re in a space where consumers are willing to spend,” he said on CNBC. “Overall, the environment in housing has been …

Home Depot

How Amazon may have mucked up the government's retail sales number

The retail sales number, after popping in June, was mysteriously flat in July – and some of that might be because of Amazon.

Amazon

Filling Big Shoes With Square Feet: What Dollar General-Walmart Deal Means

Dollar General is committed to showing the world’s largest retailer that it can fill some pretty big shoes.<p>The value-price chain in July acquired 41 former Walmart Express stores, and in doing so laid the groundwork for adding a new concept to its portfolio – larger-format stores. It is the exact …

Shoes

There is a hidden risk in Wal-Mart's acquisition of Jet.com

This week, the United States' largest retailer, Wal-Mart, <b></b>confirmed earlier rumors by buying upstart e-commerce company Jet.com.<p>The Wall Street Journal reports Wal-Mart acquired the company for a total of $3.3 billion -- $3 billion in cash and $300 million in Wal-Mart stock.<p>Overall, this is a small …

Walmart

JC Penney is making a drastic move to speed up customer service

J.C. Penney Co. has been making a ton of changes designed to boost sales.<p>The retailer has added Sephora departments to dozens of its stores and began selling appliances this year after a 33-year hiatus, among other changes.<p>Now, the chain is investing in faster customer service.<p>The company plans to …

Customer Service

U.S. retail sales unexpectedly flat in July

WASHINGTON (Reuters) - U.S. retail sales were unexpectedly flat in July as Americans cut back on purchases of clothing and other goods, pointing to a moderation in consumer spending that could temper expectations of an acceleration in economic growth in the third quarter.<p>The Commerce Department …

Inflation

Retail earnings show changing tide for department stores

The announcement that one of the country's most iconic retailers, Macy's, will close 100 stores casts a pall over the future of the traditional American department store.<p>Macy's disclosure Thursday of its big round of shutdowns next year is only the latest of a spate of closures that have occurred …

Michael Kors

Macy's plans to shut down 100 stores

Macy's says it plans to close about 100 stores next year as the department store operator aims to become more nimble in a competitive market. That represents close to 14% of its store base.<p>The nation's largest department store chain reported Thursday that second-quarter profits and sales fell. The …

Donald Trump

Why The "Final Sale" Retail Strategy Isn't Really Working

Feel like you've been seeing more "final sale" signage than usual in your favorite stores? Retailers have been using that "buy it now or it might be gone forever" approach to moving merch off shelves and out the door a lot recently, according to <i>The Wall Street Journal</i>. But it doesn't seem to be all …

Retail

Wal-Mart May Buy Amazon Challenger Jet.com for $3 Billion

According to a report, Wal-Mart is looking to purchase the e-commerce company.<p>Brick and mortar retailer Wal-Mart in talks to buy Amazon challenger Jet.com, according to a new report from the <i>Wall Street Journal.</i> The deal could be valued as much as $3 billion.<p>Launched a year ago, Jet.com has received …

Amazon

McDonald's banned one key ingredient from its salads

McDonald's overhauled its salads last year and removed one key ingredient: iceberg lettuce.<p>The company said customers had been complaining that the salads weren't healthy enough.<p>"McDonalds came to us ... and said, 'We really want to change our salad blend. We've heard from consumers that they want …

Food & Dining

Retailers look to high tech to hook store visitors

The store, that basic building block of commerce, is emerging as a high-tech laboratory.<p>All sorts of things are bubbling up — from exotica such as holograms and virtual reality to more-prosaic but potentially more-useful technology — as legacy retailers seek to merge their physical outposts with …

IBM Watson

It’s (Pokémon) Go Time for Grocers

It's been three weeks since the launch of Pokémon Go, a mobile game that began taking the country by storm just days after its release. And given the …

Loblaw cuts prices to battle rivals

Loblaw Cos. Ltd. is lowering the prices of some of its products in some of its stores, offsetting the hit to its bottom line with cost cuts – a strategy that has already helped the grocer generate better-than expected second-quarter results.<p>Still, Galen G. Weston, president and executive chairman …

Financial markets

Whole Foods struggles to get back on its feet

<b>New York (CNN) —</b> Whole Foods still can't catch a break.<p>A little over a year after being accused of price-gouging, Whole Foods isn't back on its feet. Sales at the company's stores open a year or more declined for the fourth consecutive quarter, according to results released Wednesday afternoon.<p>"We …

Whole foods