Retail Feedback Today

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

Boulder’s Walmart, subject of protests when it opened, to close next month

Paul Aiken, Daily CameraBene Ramirez, left, and her sister Juanita shop for goods at Walmart in Boulder during the store grand opening on Oct 2, …

Denver

The Amazon Era: No Profits, No Problem

There is a new calculus in corporate boardrooms. Profits are so yesterday. Now it’s all about vision and great storytelling.<p>Blame <b>Amazon.com</b>. The online behemoth cracked the code. Despite posting just a handful of profitable quarters in its two-decade history, it’s the fourth-largest public company …

Jeff Bezos

Neiman Marcus recently met about a merger with Related Cos.

Real-estate behemoth Related Cos. recently met with Neiman Marcus to discuss a possible investment in the luxury chain, including partnering in a …

eCommerce

Amazon could be planning to bring its checkout-free grocery stores to Europe

UK and European regulators approved Amazon’s trademark request<p>Amazon could be looking to expand its cashier-free grocery stores to the UK and Europe in the future. The company recently filed several trademark applications related to its Go stores with the UK’s Intellectual Property Office and its …

Amazon

Walmart Online Sales Were up a Staggering 63 Percent Last Quarter

Wal-Mart grew its e-commerce sales by a whopping 63 percent during the latest quarter, compared to 29 percent growth last quarter.<p>The big-box retailer has been making strides to expand and improve its e-commerce platform amid an online battle with players like Amazon and Target.<p>Wal-Mart's recent …

Walmart

Wal-Mart Preview: What To Look For

Wal-Mart reports fiscal 1Q18 earnings early morning on Thursday.<p>There are a couple of topics that I will be paying closer attention to, including …

Stocks

Low-cost German grocer plots US invasion

If Whole Foods, Walmart and food retailers think the grocery business is tough now — they better not peek around the corner.<p>Lidl, one of the largest …

Whole Foods

Target reimagines itself and Wall Street likes what it sees

NEW YORK (AP) — Target's first-quarter profits jumped almost 8 percent as attempts to turn its business around appear to be gaining some traction. Comparable-store sales fell for the fourth consecutive quarter, but the decline was nowhere near as bad as expected and online sales surged 22 …

eCommerce

The gradual — then sudden — disruption of retail

Twenty years ago, when the commercial Internet was just a handful of static Web pages and links, I started a list of predictions that have since proved very, very wrong: “No one will ever buy a car on the Internet.” “Our customers aren’t interested in trading stocks online — that’s what they pay us …

eCommerce

UberEats has London's need for late-night munch covered

We've all been there. You get home late, the local chippy has shut up shop for the night, and you're starving. In London, UberEats already has the hangover cure covered with the addition of breakfast deliveries earlier this year. Now, the service wants to cash in on late-night munchies in the …

London

Sears CEO: 'We don't need more customers'

Normally when retailers like Sears are fighting to stay alive, they sound desperate to lure shoppers.<p>Sears Holdings (SHLD), which recently warned it may not survive due to mounting losses, is taking a different approach. The owner of the Sears and Kmart stores is choosing instead to focus on the …

Markets

Hotel Chain Comforts Homesick Travelers via Grocery Shopping

For those who travel regularly, it's hard enough figuring out logistics, dealing with long TSA lines and flights at ungodly hours, and adjusting to a …

Hospitality

3 ways retailers are using AI to reinvent shopping

In this new age of ecommerce, marketing means providing a seamless experience across channels, delighting customers with same-day deliveries, providing excellent customer service and recommendations, and sending real-time personalized messages your customers will thank you for.<p>But personalized …

eCommerce

Byte Foods raises $5.5 million for smart vending machines that serve local fare

Apple juniper kombucha or a BBQ chopped salad may soon replace the can of soda and bag of chips in a vending machine at your office.<p>A San Rafael-based startup called Byte Foods has raised $5.5 million in seed funding to popularize its smart vending machines and delivery service stocking them with …

Startups

Retail Is Not Dying, Says An Overstock Broker Who Works With Sears And Macy's

Brett Rose, 40, runs United National Consumer Suppliers in Fort Lauderdale, FL. The company buys overstock merchandise from manufacturers and retailers at steep discounts, and sells to thousands of vendors, from big players like Macy’s and Marshalls to mom and pops. A quarter of its buyers are …

eCommerce

The Future Of Retail Will Not Be Evenly Distributed

(Photo by Tim Boyle/Getty Images)<p>If you follow retail at all you’ve no doubt read multiple recent stories claiming that we are in the midst of a “retail apocalypse.” Like Chicken Little, these journalists and pundits see the sky falling on physical stores and a veritable tsunami of store closings, …

Trends

The retail apocalypse is accelerating

Mall traffic is sagging. Department store sales have been in decline since 2001. Most retailers are loaded up with debt. Many have been losing money. Now they’re running out of options. Store closings numbered in the thousands last year. This year they promise to get much worse. “Zombie malls” have …

Retail

Is Wal-Mart's New E-Commerce Acquisition Strategy Any Better Than Its Old One?

<b>Wal-Mart</b> (NYSE: WMT) has been on a buying spree since last summer, when it bought Jet.com for $3 billion. It's since snatched up several smaller e-commerce websites for less than $100 million each. Most recently, it's been in talks to buy upscale men's clothing retailer Bonobos for $300 …

Stocks

Glimpse the Store of the Future

With "connected" clothes rails and "smart" mirrors, online luxury retailer Farfetch believes it has created the store of the future. Using the latest …

Trends

Does Online Shopping Mean the End of Fixed Prices?

In a week with the usual litany of bad news for brick-and-mortar retailers, <i>The Atlantic</i> offers an in-depth look at one of online sellers’ biggest …

eCommerce

Why Productivity In Retail Stores Matters

A shopper carries a Macy’s Inc. shopping bag outside of the department store in New York, U.S.<p>We are on the edge of a precipice. Retail stores are closing at an unprecedented pace. This year 4,950 closings have already been announced and more may come. As sales are siphoned out of retail stores …

Trends

They've 'sold out': A Walmart acquisition could be damaging for fashion brands

Walmart, through a series of recent acquisitions, is gunning to make up for lost time in a race against Amazon to flesh out its fashion business. But …

Your Local CVS Drugstore Is About to Look Very Different

CVS Health (cvs) wants its stores, and the sales they generate, to be healthier.<p>The company, which operates 8,000 drugstores as well as the Caremark …

Retail

Wal-Mart Seeks Online Fashion Presence Through Acquisitions

Wal-Mart Stores Inc's bid for clothing retailer Bonobos, which surfaced last week, is the latest step in the company's attempt to recover lost ground against Amazon.com Inc and others in the rapidly growing online fashion world, analysts and retail consultants said.<p>If Wal-Mart succeeds, the move …

Amazon May Have Expressed Interest in Buying BJ’s Wholesale Club

Rumors are swirling about Amazon's interest in buying a brick and mortar retailers. Following last week's report that the e-commerce giant looked at …

Amazon

The retail apocalypse is creating a 'slow-rolling crisis' that is rippling through the US economy

Retailers are closing thousands of stores and going bankrupt at a rate not seen since the recession, and tens of thousands of people are losing their jobs as a result.<p>The effects of these job losses will hit local economies hard, according to Mark Cohen, the director of retail studies at Columbia …

Retail

More than 3,200 stores are shutting down — here's the full list

Retailers are closing thousands of stores following years of declines in sales and customer traffic.<p>We compiled a list of the more than 3,200 closures that have been announced so far in 2017. Most of the closures are scheduled for first half of the year.<p>Here's the full list:<p>Some retailers have …

Retail

Walmart is in advanced talks to acquire online men’s retailer Bonobos

It would be the fourth acquisition in seven months for Walmart e-commerce CEO Marc Lore.<p>Walmart’s acquisition streak under new e-commerce chief Marc Lore continues.<p>The world’s largest brick-and-mortar retailer is in advanced discussions to acquire Bonobos, a 10-year-old men’s fashion retailer based …

eCommerce

Better Buy: Amazon.com, Inc. vs Google

Both stocks are excellent buys for growth investors, but which one is right for you?<p>Both <b>Amazon.com</b> (NASDAQ:AMZN) and Google's parent company, <b>Alphabet</b> …