Tag Archives: retail

Retailers Worldwide To Transition To “2D Barcodes”

Axios reports: In a worldwide push called “Sunrise 2027,” the retail industry is transitioning from the standard 12-digit barcode — that square of vertical lines that’s printed on a package and makes it go “beep” at the checkout scanner — to a two-dimensional web-enabled version. The effort is being orchestrated by GS1 US, the nonprofit standards organization that oversees the …

Read More »

NYPD: Drop Mask And Show Face When Entering Stores

New York City’s CW affiliate reports: Customers should be required to show their faces before being allowed into businesses, NYPD officials urged on Tuesday. Removing a mask and allowing identification can be a “condition of entry,” NYPD Chief of Department Jeffrey Maddrey said. Businesses can then allow people to put masks back on after they’ve shown their face. “We’re seeing …

Read More »

Walmart Wins “No Fudge, No Mint” Cookies Lawsuit

Reuters reports: A federal judge in Chicago has dismissed a proposed class action lawsuit accusing Walmart of deceiving shoppers by selling Fudge Mint cookies that lacked fudge and mint. In a decision on Tuesday, U.S. District Judge Mary Rowland said no cases showed that consumers expect “fudge” to contain milkfat. The judge likened the case to lawsuits where courts found …

Read More »

Bed Bath & Beyond Closes 87 Stores In Last Ditch Move

ABC News reports: Bed Bath & Beyond told Nexstar Monday that it will be closing 87 additional stores, an announcement that comes days after the beleaguered home goods chain said it had defaulted on its loans. Bed Bath & Beyond said the closures are being done to increase efficiency as the company works with advisors to “consider multiple paths” as …

Read More »

Party City Files For Bankruptcy Protection [VIDEO]

CNN Business reports: Party City filed for bankruptcy protection Tuesday after years of losses and weak sales. The largest party goods and Halloween specialty retail chain in the United States said in a regulatory filing that it reached an agreement with debtholders to cut its $1.7 billion debt load. The company said it secured $150 million in financing that will …

Read More »

Bed Bath & Beyond Warns Of Potential Bankruptcy

The New York Times reports: Bed Bath & Beyond, the beleaguered home goods retailer, warned investors on Thursday about the darkening prospects for its future, saying that bankruptcy was a possible option. The company reported preliminary earnings, noting lower sales and slower foot traffic compared to the prior year. The company said its sales were about $1.3 billion for the …

Read More »

National “Weed Glut” Is Causing Prices To Plummet

Politico reports: Ill-fated hopes that a Democratic-controlled Washington might loosen decades-old restrictions on the drug have given way to a market glut and plummeting prices that have put scores of businesses at risk of collapse. In Colorado, prices have dropped by 51 percent over the last two years. The price of a pound of weed has plunged by 36 percent …

Read More »

Sears Spinoff Files Chapter 11 Bankruptcy Protection

CNN Business reports: Sears Hometown Stores Inc., a franchise-owned unit of Sears, has filed for Chapter 11 bankruptcy protection. Sears spun off Sears Hometown in 2012 to give the parent company a much-needed infusion of cash. The average Sears Hometown store is only 8,000 to 10,000 square feet, a fraction of the size of the average full Sears, which is …

Read More »

One Dead, 16 Hurt In Car Crash Into MA Apple Store

Boston’s ABC affiliate reports: One person was killed, and sixteen other victims were transported by ambulance to nearby hospitals after an SUV crashed into the Apple store at the Hingham Derby Street Shops just before 11 a.m. on Monday. Video from Sky 5 showed a large hole in the glass front of the store. There were multiple people on the …

Read More »

Sean Combs Moves To Become Retail Weed Kingpin

Gothamist reports: Sean “Diddy” Combs is jumping into New York’s cannabis industry with a $185 million deal — a strong foothold that would also create the largest Black-owned cannabis company in the U.S. Combs is planning to purchase marijuana production facilities and retail shops in multiple states, including New York, from cannabis giants Cresco and Columbia Care, according to an …

Read More »

Bed Bath & Beyond CFO Jumps To His Death In NYC

The New York Post reports: The chief financial officer of troubled Bed Bath & Beyond has been identified as the man who jumped to his death from the iconic new Tribeca skyscraper known as the “Jenga Building,” The Post has learned. Gustavo Arnal, 52, who was also an executive vice president for the struggling home goods retailer, plunged from the …

Read More »

Bed Bath & Beyond To Shutter 150 Stores [VIDEO]

Reuters reports: Bed Bath & Beyond Inc on Wednesday said it inked deals for more than $500 million in new financing and that it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business. Investors, however, remain concerned that the retailer’s plan, announced in a strategic update, will do little …

Read More »

New York Stores Begin Enforcing Whipped Cream Law

The Albany Times-Union reports: Be prepared to show your ID at the grocery checkout if you want to buy whipped cream in a canister. In New York, the popular dessert topping has joined alcohol and tobacco products on the list of items age-restricted for purchase to those 21 and older, and proof of age is now required at the point …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »