Tag Archives: retail

Saks, Lord & Taylor Hit With Massive Data Breach

Reuters reports: Retailer Hudson’s Bay Co on Sunday disclosed that it was the victim of a security breach that compromised data on payment cards used at Saks and Lord & Taylor stores in North America. One cyber security firm said that it has evidence that millions of cards may have been compromised, which would make the breach one of the ...

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Bernie Sanders: Amazon Has Gotten Too Big [VIDEO]

Via Mediaite: Appearing on CNN’s State of the Union today, Sen. Bernie Sanders seemed to endorse some of what the president has said of the massive company. Asked by anchor Jake Tapper if he believed Amazon had gotten too big, the independent senator answered in the affirmative. “Yeah, I do. I do,” Sanders declared. “I think this is — look, ...

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Walmart In Talks To Acquire Health Insurer Humana

Barron’s reports: News broke late Thursday that Walmart is in preliminary talks to buy the insurer Humana: Sources told The Wall Street Journal that the two companies are discussing a “range of options” that includes an acquisition. Although no details of the deal are known at the moment, it would be Walmart’s biggest acquisition on record. Humana’s market value is ...

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Claire’s Becomes Latest Retailer To Declare Bankruptcy

Bloomberg reports: Claire’s Stores Inc., known for tween jewelry and ear piercing, has become the latest victim of the retail apocalypse. The company filed for bankruptcy Monday and said it reached an agreement with creditors including its private-equity backer, Apollo Global Management LLC, to restructure around $1.9 billion in debt. Its plan to survive rests on its reputation for trendy ...

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Kroger To Stop Selling Print Magazines About Guns

USA Today reports: Kroger said it will stop selling magazines that feature assault rifles as part of a tightening of its policies in the wake of the Parkland mass shooting and growing national anger over gun violence. The Cincinnati-based supermarket retailer said the new policy is being phased in now across its national chain. Kroger didn’t name specific titles, but ...

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How Mitt Romney Helped Kill Toys R Us

Yesterday it was reported that Toy R Us will close down all their stores in the US and Britain, prompting several of you to write with a reminder. From the New York Post last fall: Bain Capital has a knack for throwing big toy retailers into bankruptcy. The buyout firm founded by Mitt Romney — which got slammed this week ...

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Toys R Us To Close All 900 UK And USA Stores

The Washington Post reports: Toy store chain Toys R Us is planning to sell or close all 800 of its U.S. stores, affecting as many as 33,000 jobs as the company winds down its operations after six decades, according to a source familiar with the matter. The news comes six months after the retailer filed for bankruptcy. The company has ...

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Toys R Us Preps To Liquidate US Operations

Bloomberg reports: Toys “R” Us Inc. is making preparations for a liquidation of its bankrupt U.S. operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter. While the situation is still fluid, a shutdown of the U.S. division has become increasingly likely in recent days, said ...

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Walmart Raises Minimum Gun Purchase Age To 21

The Associated Press reports: Walmart announced Wednesday that it will no longer sell firearms and ammunition to people younger than 21 and would also remove items resembling assault-style rifles from its website. The move comes after Dick’s Sporting Goods announced earlier in the day that it would restrict the sale of firearms to those under 21 years old. It didn’t ...

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Dick’s Sporting Goods Ends Sales Of All Assault-Style Rifles, Won’t Sell Any Gun To Those Under 21 Years Old

The New York Times report: One of the nation’s largest sports retailers, Dick’s Sporting Goods, said Wednesday morning it was immediately ending sales of all assault-style rifles in its stores. The retailer also said that it would no longer sell high-capacity magazines and that it would not sell any gun to anyone under 21 years of age, regardless of local ...

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Grocery Chain Winn-Dixie To File For Bankruptcy

Bloomberg reports: Bi-Lo LLC, the supermarket company that owns the Winn-Dixie chain, is preparing for a potential bankruptcy filing as soon as next month, according to people with knowledge of the matter. The retailer is planning to shut almost 200 stores as part of the move — either before or after the filing — said one of the people, who ...

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One Million Moms Vs Walgreens

Via email from hate group leader Monica Cole: In a shocking policy announcement, Walgreens has now directed its stores to allow men full and unrestricted access to women’s restrooms in all of its 8,100 stores. On Nov. 17, 2017, Walgreens distributed this memo stating, “All individuals have a right to use restroom facilities that correspond to the individual’s gender identity, ...

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French Shoppers Brawl Over Discounted Nutella

The BBC reports: A discount on Nutella has led to violent scenes in a chain of French supermarkets, as shoppers jostled to grab a bargain on the sweet spread. Intermarché supermarkets offered a 70% discount on Nutella, bringing the price down from €4.50 (£3.90) to €1.40. But police were called when people began fighting and pushing one another. “They are ...

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LG Jacks Up Unit Prices Due To Trump’s Tariffs

The Hill reports: LG Electronics is planning to raise prices on some of its washer and dryer models in response to President Trump’s decision this week to impose hefty new tariffs on imported washing machines. The president on Monday levied tariffs on washers made by LG and Samsung as part of an effort to help U.S. based Whirlpool. “As a ...

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Struggling Toys R Us To Shutter 182 Stores

The New York Times reports: Toys “R” Us is planning to close as many as 182 of its stores as it struggles to reorganize in bankruptcy. The toy chain, which filed for bankruptcy last September, said in a court filing late Tuesday that the stores selected for closing have failed to meet “performance standards.” The planned closings represent about 20 ...

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Amazon Opens Its First “No Checkout” Store

USA Today reports: After a year of testing with its own employees, Amazon opens its store that lets you browse, grab and walk out — skipping the checkout line, but not the bill — to the public Monday. The convenience store and its proprietary technology, made up of hundreds of cameras and sensors and requiring a new Amazon app, dangled ...

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Walmart To Lay Off Thousands, Close 63 Stores

The Hill reports: Walmart has announced that it will lay off thousands of workers across the country as it closes dozens of Sam’s Club locations. The announcement comes on the same day the retail giant announced it was raising its starting minimum wage for new employees to $11 an hour. The company told Business Insider that 63 Sam’s Club stores ...

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Haters Launch “Anywhere But Target” Xmas Campaign

The Christian Post reports: Conservative groups critical of Target’s bathroom policies are stepping up their boycott against the chain store giant this coming Christmas, urging conservative shoppers not to support what they call a “radical social agenda.” Lance Wray, executive director of watchdog group 2ndVote, said that last year its #AnywhereButTARGET campaign helped see a three percent drop in sales ...

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Stocking-Stuffer: Pot Stores Offer Black Friday Deals

The Las Vegas Sun reports: American shoppers will take to malls, warehouses and brick-and-mortar outlets today for what has long been one of the most lucrative days for retail companies across the country. In Nevada, for the first time, Black Friday will include legal recreational marijuana. And just like big-box retailers, pot stores are rolling out the deals in hopes ...

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AFA Issues List Of Xmas-Hating Retailers To Boycott: Best Buy, Foot Locker, Nordstrom, Pet Smart, Gap, More

Not to be confused with Liberty Counsel’s 2017 list of the same tired name. Just in from Monica Cole: Which stores recognize Christmas in their advertising…and who’s the Scrooge? As the 2017 Christmas shopping season begins full swing, AFA has prepared its annual Naughty or Nice retailer list. We have taken the top national retailers and reviewed their websites, media ...

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