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Here's which brick-and-mortar retailers are getting hit the hardest

E-commerce sales in the first quarter soared 16.4% from a year ago to a new record of $123.7 billion (seasonally adjusted), according to the Commerce Department this morning. E-commerce includes sales by online retailers such as Amazon but also by the online operations of brick-and-mortar …

eCommerce

Sears is closing 40 stores in 24 states — here's the list

Sears is quietly closing at least 40 stores in 24 states, in addition to the 166 stores that the company previously said it would close this year.<p>Most of the stores on the new list will close in July and August.<p>Sears has not publicly announced many of the store closings slated for this summer. …

Sears

5 Things Your Bartender Can Teach You About Leadership

Sainsbury's Asda buy could make UK tougher grocery market for Amazon | Reuters

LONDON (Reuters) - Sainsbury’s (SBRY.L) $10 billion (7.27 billion pounds) purchase of Walmart’s (WMT.N) Asda may pressure UK grocery prices and make the British market less attractive for newer players such as Amazon.com (AMZN.O).<p>Shopping bags from Asda and Sainsbury's are seen in Manchester, …

Sainsbury's

Another Retail Shoe Drops: Nine West Declares Bankruptcy

Retail bankruptcies in 2018 are starting off similarly to the way 2017 finished up with wave after wave of prominent retailers filing for bankruptcy. The latest casualty of Retailmageddon is Nine West, the iconic seller of shoes who will no longer be selling footwear as their saga unfolds. Nine …

Profit

What Walmart bought for $16 billion: a sliver of India and a lot of hope

Walmart made a big splash in India this week with its $16 billion (Rs1 lakh crore) acquisition of Flipkart. But the deal is unlikely to get the world’s largest retailer too far in a country that’s still obsessed with its mom-and-pop store culture.<p>That’s because Walmart has bet on a segment of …

eCommerce

Home Depot’s decades-long history of blaming the weather for poor performance

Some companies may feel like investor reactions are acts of god, but acts of god can also impact investors. That’s at least what Home Depot might want us to believe after it reported worse-than-expected financial results this quarter. Though the company beat on earnings per share—it reported $2.08 …

Home Depot

How to Be Friends with Someone Who Works for You

Working as a senior executive can be a lonely job. You have to deliver tough messages. You can’t always be transparent about your own challenges. And you must keep key decisions confidential until the timing is right.<p>There’s no way to escape the necessary burdens of authority. And, from time to …

Self-esteem

How to Collaborate with a Perfectionist

It can be draining to work with a perfectionist. While it’s great to work with colleagues who care about the quality of their work, perfectionists take it a step further. Their unrelenting standards can result in unnecessary stress, conflict, and missed deadlines due to a failure to prioritize the …

Self-help

Why Great Employees Leave “Great Cultures”

“We have a great culture.” We have all heard it. We have all said it. But what does that mean?<p>Ping-Pong tables, free meals, and beer on tap? No.<p>Yoga, CrossFit classes, and massage chairs? I so need that, but no.<p>The promise of being part of a hip, equity-incentivized, fast growing team? Closer, but …

Employee Engagement

H&M is making a drastic change to keep up with its rivals and get rid of its mountain of unsold clothes

To combat its struggles and stay ahead of its rivals, H&M CEO Karl-Johan Persson said that the company is looking at ways to streamline its supply. But with some online stores turning around new products in as little as a week, the company needs other ways to keep up — and that's where data comes …

Customers

Chipotle's delivery sales are exploding, and the CEO says it's great news for the struggling chain in more ways than one

Chipotle's delivery sales are skyrocketing after it announced a deal with DoorDash.<p>On Tuesday, the fast-casual chain announced that delivery orders had increased 667% since it launched its partnership with DoorDash on April 30.<p>"This is a nice win for the organization," Chipotle CEO Brian Niccol …

E.coli

Kohl's teaming up with Amazon was called a 'deal with the devil' — but it could turn out to be a brilliant move

When Kohl's and Amazon announced their partnership late last year, analysts were divided on whether it was a good thing for either brand.<p>The partnership involves select Kohl's stores accepting returns for some purchases bought on Amazon.com, as well as installing Amazon kiosks that show off the …

Gear & Gadgets

Sears just made another deal with Amazon and the department store's shares are skyrocketing

Sears is strengthening its relationship with Amazon.<p>The department store chain said Wednesday that it will soon start delivering and installing car tires for customers who purchase them on Amazon's website. Sears will also now sell its DieHard car tires on Amazon.com.<p>Sears' shares popped as much as …

Die Hard

Walmart strikes a $16 billion deal with Flipkart

<i>This story was delivered to Business Insider Intelligence "E-Commerce Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here.</i><p>Walmart announced that it's signed an agreement to acquire a 77% stake in Indian e-commerce company Flipkart for $16 …

Walmart

Things are going from bad to worse at Victoria's Secret (LB)

• <b>April sales declined for both Victoria's Secret and PINK brands.</b>• <b><br>This marks the second month of declining sales at PINK, which is worrying because the brand accounts for 40% of Victoria's Secret segment sales.</b>• <b><br>Watch L Brands trade in real-time here.</b><p>Victoria's Secret's PINK, which had become one of …

Selling

McDonald's 'cheap coffee' could be stealing customers from Starbucks when it needs them most

It's looking a lot like McDonald's is stealing Starbucks customers.<p>In a note to investors, Bernstein analysts said that McDonald's may be taking share away from Starbucks.<p>However, the fast-food chain isn't necessarily stealing the customers looking for a cheap cup of coffee in the morning. Instead, …

Coffee

Macy's is facing an 'uphill battle'

Macy's proved it might survive the retail apocalypse after exceeding expectations during its last quarterly earnings report. However, the risks now outweigh the rewards as share prices have risen 61% since October and Morgan Stanley's research shows continued declines in same-store sales and …

Same-Store Sales

Amazon wants to buy Indian e-commerce company Flipkart

<i>This story was delivered to Business Insider Intelligence "E-Commerce Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here.</i><p>Amazon has made an offer to purchase approximately 60% of Indian e-commerce company Flipkart, according to CNBC.<p>The US …

eCommerce

Mall Owners, Retailers Clash on Avalanche of Online Returns

Mall owners, already squeezed by e-commerce and spending billions on property makeovers to draw shoppers, have a new headache: retailers deducting …

eCommerce

Amazon can now deliver packages directly to your car — here's how it works

Last year, Amazon wanted to get into your house to deliver packages. Now it wants to deliver directly to the trunk of your car.<p>The online retailer has launched Amazon Key In-Car, which enables Amazon to deliver packages directly to the trunk of a customer's car.<p>The service is available to owners of …

Cloud Computing

Subway is closing another 500 stores — here's why

Subway is closing 500 stores after years of declining sales.<p>The sandwich chain told Bloomberg on Wednesday that it planned to close about 500 of its US locations this year, based on projections. Subway's US store count fell by 909 last year; it lost almost three times as many locations as it did …

Profit

Amazon is becoming more of a mall than a retailer (AMZN)

• <b>Amazon on Thursday posted quarterly earnings that beat analyst expectations.</b>• <b><br>As third-party sales increase more than its own products, Amazon is looking more like a mall than a single retailer, an analyst says.</b>• <b><br>Follow Amazon’s stock price in real-time here.</b><p>Amazon’s revenue from third-party sellers, …

eCommerce

Amazon is on track to beat Apple in becoming the first trillion dollar company (AMZN)

Drew Angerer / Getty Images<p><b>Amazon could beat Microsoft to be the first trillion dollar company, Macquarie says.</b>• <b><br>The bank's new price target translates to a market cap of $1.19 trillion.</b>• <b><br>Follow Amazon's stock price in real-time here.</b><p>Amazon's blowout earnings on Thursday has Wall Street analysts once …

Markets

Domino's CEO rides off into the sunset after leading one of the greatest turn arounds of all time (DPZ)

• <b>Domino's Pizza CEO J. Patrick Doyle delivered his last earnings call after leading the company for eight years.</b>• <b><br>The pizza chain beat Wall Street estimates on both the top and bottom lines.</b>• <b><br>Shares gained 1,700% over the last 8 years, skyrocketing past peers and even tech giant Amazon.</b>• <b><br>Watch Domino's</b> …

Wall Street

Surprise! Amazon now sells more than 70 of its own private-label brands

The biggest push has come in the clothing category.<p>After Amazon launched its first private-label brands in 2009, the company took a four-year hiatus before it created any more. And when it got back into the game with the launch of its own diaper brand in 2014, it was an embarrassment; a design flaw …

eCommerce

How to lead with influence instead of authority

Clearly, leadership potential exists within each of us. That potential can be triggered by outside events, or it can be learned by exploring …

Gig Economy

How to Ask Great Questions

Much of an executive’s workday is spent asking others for information—requesting status updates from a team leader, for example, or questioning a counterpart in a tense negotiation. Yet unlike professionals such as litigators, journalists, and doctors, who are taught how to ask questions as an …

Psychology

What My Spouse Learned from Shark Tank

When Shark Tank debuted in 2009, I admit I wasn’t interested in business in the slightest. It wasn’t until 2012 that I saw an episode, but I was …

3 Rules I Use to Stay Productive and Not Overwhelmed

I get 1,000 emails a week, but I only work 40 hours. Here's how I do it.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>To say my life is busy is an understatement.<p>I'm a father of three kids under the age of three. I have a portfolio of 40-plus startups I've invested in and actively …

Time Management