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By Brian Numainville | Brian Numainville, a principal at The Retail Feedback Group shares retail stories and news. @retailfeedback and @bnumainville
Retailer is planning to spend $650 million to $700 million in the current fiscal year on capital expenditures, up from $550 million last year.
Can Best Buy maintain its momentum?
The electronics retailer on Tuesday said its U.S. same-store sales increased for two consecutive quarters — the first time …Best Buy
Swedish outdoor retailer Fjällräven will open a flagship store, its first Minnesota location, at Mall of America this spring, hoping to attract the …Mall of America
PLANO, Texas (AP) — Shares of J.C Penney tumbled Thursday after the struggling retailer posted a surprise loss for the holiday quarter, despite improving sales trends.
The company, which is trying to recover from a disastrous reinvention push by former CEO Ron Johnson, said sales rose 4.4 percent at …JCPenney
Jewel-Osco is back in the personalized discount business.
The Illinois grocery chain eliminated its loyalty card in 2013 in favor of offering the same prices to all. Now, with a new app, it has started to offer discounts and sometimes even free products to those who sign up and share their personal …Groceries
The e-commerce giant has some very interesting ideas for new patents
Amazon has filed for patents on a system that would use truck-based 3D printers to quickly deliver customers’ bespoke orders, the Wall Street Journal reports. Such an idea could help the company more quickly deliver customers’ …Amazon
Snowed in and need a shovel? If you live near an Ace Hardware, you may be able to get that shovel delivered.
That’s because the retailer is rolling …Delivery
Analysts at Macquarie Research believe that about 50% of people in the United States will be members of Amazon's Prime subscription service by 2020.
Prime costs $99 a year and gives customers free, two-day shipping on millions of items, as well as access to of thousands of free TV shows, movies, …Amazon
Barnes & Noble still plans to spin out its college division, which it says is worth $774 million. Wall Street disagrees.
So Barnes & Noble BKS changed its mind.
The top U.S. bookstore chain said Thursday that it has dropped plans to spin-off its Nook digital book unit into a separate company. But it …Cash Cow
After ousting creative director Rebekka Bay, Gap replaces her. Sort of.
Gap, the iconic American brand that's lost its way, is once again trying to find its creative center of gravity. Today, during new Gap Inc. CEO Art Peck's first earnings call, he announced Wendi Goldman would join the brand as …Creative Directors
What's in a battered brand name? If it's RadioShack, the answer is at least $20 million.
RadioShack's largest shareholder agreed to bid $20 million for the defunct retailer's name and other intellectual property in bankruptcy court on Wednesday.
The shareholder, hedge fund Standard General, currently …RadioShack
It was good news indeed to see J.C.Penney report a 4.4% increase in sales for 4Q14 quarter and the 2014 year. This is a standout compared to the other major retailers who have been talking about slower sales including Macy’s (+2.5%), Kohl’s (+3.7%), Target (+3.8%), and Walmart (+1.5%). I think it …J.C. Penney
Target is testing a mobile, points-based loyalty program named REDperks that rewards shoppers when their purchases reach certain levels.
The REDperks beta will initially be available on iOS by invitation only in select markets. REDcard holders still gain a five percent discount in addition to any …Loyalty Programs
Target has had a difficult couple of years: a data breach that breached shopper trust in addition to their personal information; a disastrous attempt at international expansion, and a complete shakeup at the executive level.
But a lot can change in a short period of time and Target’s new leadership …Private Label
Harsh winter weather left U.S. consumers feeling a bit less confident this month, the University of Michigan says. But confidence levels still remain at the highest level in eight years.
The University of Michigan says its index of consumer sentiment slid to 95.4 in February from an 11-year high of …Weather
NEW YORK (AP) — Target (TGT) has sliced its minimum online purchase to qualify for free shipping in half to $25 as the Internet becomes a bigger and bigger sales hub for retailers.
The minimum takes aim at competitors Wal-Mart (WMT) and Amazon.com (AMZN), both of which have higher minimums for …Shipping
Target Corp. took a step ahead of its competitors when it comes to free shipping Monday. The Minneapolis-based retailer lowered its free shipping …Minneapolis
Not all e-commerce involves home delivery. Mobile shopping app Curbside, which lets users shop from their phones then pick up their purchases at a local retailer without getting out of their cars, has been growing quickly since its debut last year, and is now processing thousands of orders per …Best Buy
Photograph by Ackerman + Gruber for Fortune
The Target executives were taken aback. They had just learned that their new CEO, Brian Cornell, had been out on his own with customers, incognito, exploring one of the company’s stores. It was a big departure from the way the process-heavy discount …Retailers
Sports Authority is the latest retailer to find itself at risk of running out of cash.
Credit rating analyst Moody's has cut its rating on Sports Authority's debt deeper into junk bond status and warned the chain could be less than a year away from defaulting on a $300 million loan.
"At these …Sports Authority
NEW YORK – Target Corp. is betting big on organic and sustainable products.
The nation's second-largest discount retailer is nearly doubling the number of brands and products in the organic and sustainable arena under an initiative launched last April called Made to Matter. The program challenges …Initiative
Nordstrom laid out an aggressive capital spending plan aimed at keeping its edge over other retailers in the e-commerce wars.
Nordstrom JWN had some investors worried on Thursday night after it announced a big ramp-up in its already aggressive capital spending plans, stirring worries that its profit …E-commerce
It won't be the day the music died at Starbucks, but it will be the end of the CD.
The world's largest coffee-house chain confirmed on Friday that it will stop selling CDs at the end of March in its 21,000 stores worldwide. It has not lost interest in music, according to company officials, but they …Starbucks
Wal-Mart is cutting back on store investments and spending more on e-commerce in the face of stagnant same-store sales and falling store traffic in the US.
The company recently cut guidance for 2015, saying that it expects growth of 2-3% compared with previous estimates of 3-5%.
"There is no excuse …Wal-Mart
UPDATE Feb. 19, 3:45 pm ET: An Amazon rep says as of Thursday, Prime Now has expanded into Brooklyn Heights, Downtown Brooklyn, Fort Greene, Clinton Hill, Park Slope and Prospect Heights in Brooklyn. Currently, two-hour shipping is available in those areas, but not one-hour shipping.
Amazon made its …Amazon
Walmart is testing a new way to shop here in the Valley but it’s not the only store changing things up
How much time do you think you spend at the …Groceries
Giant Eagle might not have picked the best year to hit the radar of the University of Michigan researchers who track consumer satisfaction.Customer Satisfaction
Starbucks Debuts Exclusive Subscription Delivery of Freshly Roasted Reserve® Coffees from Seattle Roastery and Tasting Room
SEATTLE--(BUSINESS WIRE)--Starbucks Coffee Company (Nasdaq: SBUX) today announced the launch of its fresh delivery subscription, giving online …Starbucks
Costco's stock touched an all-time high this week of $151. It then quickly dropped after the retailer sent out a $5 per share special cash dividend to investors.
COST data by YCharts
Even with this week's fall, the stock has trounced the S&P 500's performance. Costco's valuation also hit a rich new …Costco