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+1 +1
Grocer Albertsons eyes Rite Aid deal in health care push :: WRAL.com
The owner of Safeway and other grocery brands is buying the drugstore chain Rite Aid as retailers continue to plunge deeper into health care and adjust to swiftly changing shopping habits.
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+1 +1
Report: Israel's prime minister and Walmart discussed potential investments
The door to Prime Minister Benjamin Netanyahu's office "is open," top Israeli official told Walmart, according to Bloomberg News
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+5 +1
Here's why an Alibaba-Kroger partnership makes sense for both sides
Alibaba and Kroger are considering working together in some capacity, and executives have met to discuss the possibility
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+34 +1
Amazon Go Cashierless Convenience Store Opening to the Public
After a nearly 14-month trial run open only to the Seattle company’s employees, Monday marks the public debut of the store — among Amazon’s boldest efforts to reshape brick-and-mortar shopping.
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+26 +1
Walmart is abruptly closing 63 Sam's Club stores and laying off thousands of workers
Walmart is abruptly closing Sam's Club locations across the US.
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+35 +1
A tsunami of store closings is about to hit the US
More than 12,000 stores are expected to close in 2018 — up from roughly 9,000 closings in 2017.
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+17 +1
Retail is suffering because the middle classes have lost $1,355 trillion in income since 1970
Nowadays, there are a lot of articles being written about the collapse of retail in the USA. Some people blame Amazon and online shopping, but that is only a trivial part of the problem. $1,355,610,000,000 of consumer spending is missing from the demand side of USA spending, and that should be kept in mind whenever you read an article about retail going through hell. The big boom in retail in the mid-20th century was thanks a strong middle class. Conversely, the collapse of income of the middle quintiles of income must lead to a contraction of retail. Consider these charts:
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+4 +1
Warehouse cleanup around the holidays
There's too much to do during peak retail season to worry about cleaning up. Try these easy methods to get your warehouse clean after the holiday rush.
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+26 +1
Sears is teetering on the edge of bankruptcy and Kmart could be its first casualty
Sears' pool of assets is shrinking and its core business is showing no signs of improvement, analysts say.
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+22 +1
The Cause and Consequences of the Retail Apocalypse
Private equity firms overburdened businesses with debt, and now workers are paying the price. Will policymakers do anything about it? By David Dayen.
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+21 +1
Amazon unveils more Whole Foods price cuts ahead of Thanksgiving
Amazon on Wednesday unveiled more discounts on several grocery products at Whole Foods Market, days ahead of the Thanksgiving holiday, sending stocks of rival U.S. grocers lower in early trading. The lower prices include deeper discounts on some items for Amazon Prime members and come on top of price cuts already announced by Whole Foods in August, when Amazon completed its $13.7 billion acquisition of the upscale grocer.
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+13 +1
'Duped': Sears shoppers allege retailer inflated prices for liquidation sales
Sears shopper Elizabeth MacMillan says she feels misled by the retailer's liquidation sales, where she found items priced higher than when she last visited the store. "I was really, really turned off," MacMillan said. "It's deceptive." She's one of several customers CBC News interviewed who uncovered altered prices at Sears liquidation sales. They suspect price tags were marked up to offset the advertised discounts that ranged from 20 to 40 per cent.
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+18 +1
Apple Says iPhone X Demand is 'Off the Charts' After Device Quickly Sells Out Around the World
iPhone X pre-orders began at 12:01 a.m. Pacific Time today and effectively sold out in just minutes. Orders placed now are estimated to ship in five to six weeks, pushing deliveries into early December. While the shipping estimates aren't a reliable indicator of iPhone X sales without knowing how much supply is available, Apple issued a statement to MacRumors indicating that customer demand is "off the charts."
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+20 +1
Sears Stops Selling Whirlpool Appliances, Ending 100-Year Relationship
Sears, once the place to purchase home appliances, will soon have a smaller inventory to offer the few customers it has left: After a nearly century-long relationship, Sears and Whirlpool have cut …
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+2 +1
Apple Pay Expanding to All Saks Fifth Avenue, Albertsons, Dick's Sporting Goods, and Other Locations
Apple Pay is rolling out to all Saks Fifth Avenue, Albertsons, and Dick's Sporting Goods locations across the United States. It's also coming to McDonald's and Chipotle's order-ahead apps in several cities later this year.
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+14 +1
'Bing, bang, boom, I'm done': Scan-and-go shopping coming to Canadian Walmart stores
New scan-and-go technology being rolled out at Walmart stores allows shoppers to scan and bag their items while they shop, and it may lead to customers bypassing checkout altogether.
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+15 +1
Best Buy is the latest victim of the retail apocalypse as pressure from Amazon sends shares plunging 10%
Best Buy's attempts to fend off the looming retail apocalypse took a huge hit on Tuesday. At its first investor day since 2012, the company issued long-term forecasts that fell short of analyst expectations, stoking fears that mounting competition from the likes of Amazon will eat into future profits. The reaction from investors was swift and punishing, as Best Buy's stock dropped as much as 10% to $51.61, wiping out roughly $1.7 billion in market value at its lows for the day.
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+25 +1
Target to raise its minimum wage to $11 per hour, promising $15 by 2020
Thousands of Target employees are about to get a raise. The big-box retailer on Monday said it will start to increase its hourly minimum wage to $11 beginning next month. Target's minimum wage was previously boosted to $10 per hour last May. The pay raise will outpace Wal-Mart's recent minimum wage increase. The two retailers have been engaged in a silent wage war that dates back years.
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+26 +1
The History of Sears Predicts Nearly Everything Amazon Is Doing
One hundred years ago, a retail giant that shipped millions of products by mail moved swiftly into the brick-and-mortar business, changing it forever. Is that happening again?
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+27 +1
Toys"R"Us hosting a midnight launch for the SNES Classic Edition
For the many of you who struck out on the SNES Classic Edition pre-orders online, the good folks at Toys”R”Us have confirmed via Twitter that the stores will having midnight openings for the SNES Classic on the evening of Thursday, September 28th.
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