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Retailers News

Retailers filing for bankruptcies at staggering rates

Retail bankruptcies and defaults hit a peak last year, soaring past records set during the recession, and things could get even worse this year, according to the credit-ratings agency S&P Global Ratings.

Our credit cards are changing — What you need to know

Big changes are coming to credit card users in the U.S. on Thursday. October 1 is the deadline for businesses to upgrade registers and credit card readers to accept a new type of credit card that includes an embedded computer chip.

Review: 'Retail Survival of the Fittest' could change the retail business

In her newly released eBook, retail expert Francesca Nicasio covers vital aspects of the industry, from understanding consumers’ needs and increasing customer loyalty to leveraging data and implementing an omnichannel retail strategy.

Target CEO: Banks need to issue chip-based credit cards in U.S.

With the FBI now warning all retailers on similar breach possibilities, Target CEO Gregg Steinhafel is refocusing attention on the need for chip-based credit card technology adoption in the United States.

Shops engage the senses in order to entice buyers to spend more

Those simple tunes sometimes looped and often referred to as “elevator music” or “background music,” are heard everywhere and can be either annoying or uplifting.

German retailers selling flawed vegetables at lower price

Under the brand "nobody is perfect", certain European retailers are now starting to sell "ugly" fruit and vegetables, that would normally be thrown away or used as animal feed. The produce is sold at a lower price, but the taste is exactly the same.

Supermarket giants Asda reportedly interested in buying HMV

Asda are reportedly interested to acquire failed music chain HMV as the first UK stores prepare to close, following the retailer's fall into administration in January. Around 1,500 staff have lost their jobs with a further 1,500 still in the balance.

U.S. retail sales fall short in October

Retailers understand that October is traditionally a lackluster month in most sectors. This October was no different. High unemployment and the ever-present uneasiness of the American consumer have done October no favors.

Harsh Holiday Selling Season Likely

Despite a flood of shoppers this past weekend, this holiday shopping season promises to be one of the worst in decades. Weekend shopping was up by 25 million more shoppers this year but retail sales were only up 3% from last year.

Credit crunch and sales slump hitting US retailers as bankruptcies rise

While “pundits” argue the point about whether the US is in or heading for a recession, retailers are voting with their bankruptcy suits. Unlike the more glitzy financial stories, this is the baseline economy getting hit, America’s bottom line.

Digital Journal TV: The Top 5 Holiday Shopping Scams

Gadgets, software and digital gear are among the most popular gifts for the holiday season. But the holidays bring out the worst in many retailers and if you're not up on what means what, you are ripe to be scammed. Here are the top scams to avoid.

Retailers Need to Bring Down Prices Says Finance Minister

As Canada’s Finance minister is asking retailers to re-evaluate their prices to reflect the strong Canadian dollar, the currency plunged a couple of cents after Bank of Canada governor David Dodge claimed there was no good reason for the sudden hike.

Retailers Mull Over Movie Download Service

After getting burned by the shift of purchasing music online instead of buying CDs at the store, companies like Best Buy and Blockbuster are moving faster in getting an in-store move download service to lure customers back into their stores.

Disproportionate Amounts of Lotto Wins for Retailers Explained

In what almost becaome an investigation for fraud, the Ontario Lottery and Gaming Corp. found that the reason for the disproportionate amount of retailers winning the lottery is due to their massive purchase of scratch tickets.

New Fujitsu iPAD Brings Retailing to the Palm of Your Hand

NEW YORK - Fujitsu announced today at the National Retail Federation's 91st Annual Convention & Expo in New York City, the new Fujitsu iPAD, a powerful, compact, Microsoft Windows CE .NET-based mobile device that funnels multiple technologies into a si...
 

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