Tag Archives: retail

Ikea To Sell Russian Factories And Close Its Offices

Reuters reports: IKEA said on Wednesday it would sell factories, close offices and reduce its nearly 28,000-strong workforce in Russia, the latest move by the world’s biggest furniture brand to cut its operations there following Moscow’s invasion of Ukraine. The move comes after IKEA temporarily closed stores and paused sourcing in Russia, joining a mass corporate exodus as Western companies …

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JCPenney Offers To Buy Rival Kohl’s For $8.6 Billion

The New York Post reports: The owners of JCPenney have made an offer to acquire archrival Kohl’s in a deal that could value the department-store chain at upwards of $8.6 billion, The Post has learned. Under the proposal, shopping-mall giant Simon Property and Canada-based Brookfield Asset Management — which together scooped JCPenney out of bankruptcy in December 2020 — have …

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Kmart Soon Down To Only Three Physical Stores

USA Today reports: Soon there will be only three open Kmart stores in the U.S. The Kmart store in Avenel, New Jersey, 15 miles south of New York City, is the latest store scheduled to permanently close on April 16. Once it shutters, the number of Kmarts in the U.S. – once well over 2,000 – will be down to …

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Walmart To End Cigarette Sales In Multiple Markets

The Wall Street Journal reports: Walmart Inc. is ending cigarette sales in some U.S. stores after years of debate within the retail company’s leadership ranks about the sale of tobacco products, according to people familiar with the matter. Cigarettes are being removed in various markets, including some stores in California, Florida, Arkansas and New Mexico. Walmart, which has more than …

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Russian Shoppers Mob Soon To Close Ikea Stores

The New York Post reports: Russian shoppers rushed to local Ikea stores this week after the furniture retailer announced it would temporarily pause operations in the country and neighboring Belarus following Russia’s invasion of Ukraine. Photos showed long lines forming at the chain’s Russia locations as shoppers filled carts with items in what could be their final chance to shop …

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Family Dollar Closes 400 Stores After Rat Feces Notice

The Washington Post reports: A rodent infestation at a Family Dollar warehouse has prompted the discount store chain to recall a wide range of products sold at hundreds of stores throughout the southern United States. Health concerns about the rat infestation at an Arkansas distribution center have also led to the temporary closure of more than 400 stores in six …

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FDA: Family Dollar Products Might Contain Rat Feces

Via press release from the FDA: Today, the U.S. Food and Drug Administration is alerting the public that several categories of FDA-regulated products purchased from Jan. 1, 2021, through the present from Family Dollar stores in Alabama, Arkansas, Louisiana, Mississippi, Missouri and Tennessee may be unsafe for consumers to use. The impacted products originated from the company’s distribution facility in …

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CA Sues Walmart Over “Illegal” Disposal Of E-Waste

The Verge reports: The California attorney general and 12 state officials filed a lawsuit against Walmart, saying it allegedly illegally disposed of electronic and hazardous waste, compromising local landfills. California Attorney General Rob Bonta alleges in a statement the company violated state environmental laws with their practices, and the waste included materials like lithium and alkaline batteries, insect killer sprays, …

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AP: Holiday Sales Rose At Fastest Pace In 17 Years

The Associated Press reports: Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new Covid-19 variant in the last few weeks of the season, according to one spending measure. Mastercard Spending Pulse, which tracks all kinds of payments including cash and debit cards, reported Sunday that holiday …

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Apple Reinstates Face Mask Rule At All US Stores

The Hill reports: Apple will require customers to wear masks at all U.S. stores as COVID-19 cases rise, the company said Tuesday. “We regularly monitor conditions and we will adjust our health measures in stores to support the wellbeing of customers and employees,” an Apple spokesperson said in a statement to multiple news outlets. “Amid rising cases in many communities, …

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Dollar Store Chain To Sell Most Items At $1.25

CNN Business reports: Dollar Tree will soon be $1.25 tree. The company — one of America’s last remaining true dollar stores — said Tuesday it will raise prices from $1 to $1.25 on the majority of its products by the first quarter of 2022. The change is a sign of the pressures low-cost retailers face holding down prices during a …

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Target: We Will No Longer Be Open On Thanksgiving

The Associated Press reports: Target will no longer open its stores on Thanksgiving Day, making permanent a shift to the unofficial start of the holiday season that was suspended during the pandemic. To limit crowds in stores, retailers last year were forced to turn what had become a weekend shopping blitz into an extended event, with holiday sales beginning as …

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NJ Starbucks Staffer Tests Positive For Hep A, Company Urges Thousands Of Customers To Get Vaxxed [VIDEO]

USA Today reports: An employee at a Starbucks in New Jersey tested positive for hepatitis A and was around co-workers and customers while contagious. The news prompted the restaurant to urge thousands of patrons to receive hepatitis A shots. Hepatitis A is one of several hepatitis viruses, which can cause inflammation and affect liver function, often caused by ingesting contaminated …

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CVS To Close 900 Stores As Pandemic Upends Traffic

CNBC reports: CVS Health said Thursday that it will close about 900 stores over the next three years, as it adjusts to shoppers who are buying more online. The company announced in a news release that it will focus more of its efforts on digital growth and turning its stores into destinations that offer a range of health-care services, from …

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Apple Settles Lawsuit Over Staff Bag Checks For $30M

Gizmodo reports: After years of fighting it out in court, Apple Store employees in California will finally get paid for the time the company spent checking their bags for possible stolen products while they were off the clock. The payout: roughly $30 million. The class action lawsuit covers the company’s 52 stores in California was filed in 2013 by two …

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US Retail Federation Forecasts Record Holiday Sales

Yahoo Finance reports: U.S. holiday sales could rise over 10% this year, a trade body said on Wednesday, as major consumer goods makers and retailers work to prevent supply chain disruptions from leaving shelves empty of in-demand toys and games. The National Retail Federation (NRF) forecast sales to increase between 8.5% and 10.5%, to between $843.4 billion and $859 billion, …

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National Retailers Launch “As Seen On TikTok” Sections

The Associated Press reports: TikTok, an app best known for dancing videos with 1 billion users worldwide, has also become a shopping phenomenon. National chains, hoping to get TikTok’s mostly young users into its stores, are setting up TikTok sections, reminiscent of “As Seen On TV” stores that sold products hawked on infomercials. At Barnes & Noble, tables display signs …

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Five SF Walgreens To Close To Due “Organized” Thefts

The San Francisco Chronicle reports: Walgreens will close five more San Francisco stores, a company spokesperson confirmed Tuesday, citing ongoing organized retail crime as the reason. “Organized retail crime continues to be a challenge facing retailers across San Francisco, and we are not immune to that,” said Walgreens spokesperson Phil Caruso. “Retail theft across our San Francisco stores has continued …

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Costco To Limit Purchases Of Toilet Paper And Water

The New York Times reports: Last year, a frantic run on toilet paper that left store shelves bare across the United States became a symbol of the panic that seized Americans in the early days of the coronavirus pandemic. Now, at least one big-box retailer is trying to prevent a repeat of that frenzy as the Delta variant has driven …

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Walgreens To Join CVS In $15/Hour Starting Wage

From Walgreens’ corporate blog: Walgreens is further investing in its hourly team members who provide trusted care and services in communities across the U.S. Walgreens will increase the starting hourly wage for all team members to $15.00 an hour, taking effect in phases beginning in October of this year and are expected to be fully implemented by November 1, 2022. …

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