Retail

Ascena Retail Group to expand its Business with acquisition of Ann Inc

Ascena Retail Group has announced that it will be acquiring rival Ann Inc for $2.15 billion. Ascena Retail runs stores under brand name Dressbarn and Lane Bryant women's clothing.

Ann Inc. targets women in the age group of 20 to 40 years of age. Owing to factors like, stiff and increasing... read more

Alibaba Group Holding reports 45% Revenue increase

Chinese e-commerce company Alibaba Group Holding has posted 45% revenue increase in the quarter that ended in March 2015. According to the company, the revenue increase is the result of the company’s work to improve the proportion of mobile transactions across its online retail platforms.

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Whole Foods to Introduce New Line of Stores targeted at Millennials

On Wednesday, Whole Foods Market Inc. announced that it will come up with a new line of stores. The stores that will target millennials will start opening next year and they are hoping to witness the expansion to be ‘fairly rapid’.

The company stated that the new shop will offer their own... read more

Best Buy's Mobile App now accepts Apple Pay Online

Best Buy’s customers can now make purchases on its app through the iPhone 6 and iPhone 6 Plus by using Apple Pay starting Monday. The giant retailer said in a statement on Monday that its mobile platform has marked a latest enhancement through the acceptance of Apple Pay in the Best Buy app.... read more

Amazon can expect analyst upgrades after positive surprise with cloud services revenue

Amazon’s cloud services division has be capability of generating $5 billion in revenue and over a billion dollars in profit. The stock jumped by nearly 15 percent after the company announced first quarter numbers and for the first time, shared the revenue figures from Amazon Web Services, the... read more

Abercrombie & Fitch announces major policy changes

Retailer Abercrombie & Fitch, which operates stores under its namesake brand and Hollister, has declared that it will not take body type or physical attractiveness into account while hiring store associates.

The New Albany, Ohio-based retailer also said allowed its employees to be... read more

Fresh & Easy to Sell 50 Stores

In a YouTube video, posted on Friday, Fresh & Easy CEO Jim Keyes has announced that the company is planning to sell 50 stores, including at least 30 stores in the Southern California area, by April 3.

Keyes said that though the decision to close any store is always difficult, but the... read more

Amazon receives FAA permission to test drones for delivery

Online retailer Amazon has received Federal Aviation Administration (FAA) permission to test drones for delivery of products in the United States. Amazon had unveiled its plan to use drones for deliveries products to consumers in select cities under its premium shipping options. The federal... read more

Google Store offers dedicated platform for Google-branded harware

Google has announced Google Store to promote and sell Google-branded hardware. The online store will showcase all the products from Nexus range, Chromebooks, Nest devices and Anroid wear. The Google Store will also feature some accessories, keyboards and chargers from partners.

Andrew... read more

Amazon opens store on Alibaba’s Tmall

Online retailer Amazon has opened a store on rival Alibaba’s popular platform Tmall.com in a move seen by industry analysts as Amazon’s plan to expand its operations in fast growing Chinese ecommerce market. Amazon has been operating an online shop on Tmall for its Kindle e-readers. The new mall... read more

Best Buy reports better than expected earnings, increases shareholder dividend

Best Buy has reported 1.3 percent increase in revenue at $14.2 billion for fourth quarter. The company reported better sales in mobile phones and LED TV segment during the holiday season. Best Buy has also increased quarterly dividend to 21 percent, along with a one-time payment to shareholders... read more

J.C. Penney reports Poor Performance in Holiday Quarter

The mid-range department store J. C. Penney has reported that comparable sales of the company raised 4.4% during the key holiday season quarter. Comparable sales include online and sales at stores open for at least a year.

Market analysts have blamed J. C. Penney's former CEO Ron Johnson... read more

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