Walmart’s big-box stores in Mexico are suffering from flat sales, but at the global retail giant’s mini-grocer format, called Bodega Aurrera Express, sales are now growing at 12 percent a year, according to The Wall Street Journal. Bodega Aurrera Express stores look like oversized versions...
A new credit union in Colorado formed specifically to serve legal marijuana businesses could be a turning point for the fledgling pot industry, according to CNN. Fourth Corner Credit Union is waiting for final approval from the Federal Reserve, which could come through and allow...
Mobile payments haven’t taken off quite yet, but when it comes to retailer’s advertising budgets it’s all about mobile. During the largest portion of the 2014 holiday shopping season — between Thanksgiving Day and Cyber Monday — it was clear what method retailers used to direct...
A recent National Retail Federation survey reported that retailers estimate that holiday return retail fraud will cost them $3.8 billion. In the survey, nearly all retailers said they’ve experienced the return of stolen merchandise in the past year (92.7 percent), which suggests that organized retail crime...
The luxury brand business is up and running again in China thanks to a little help from the country’s largest e-commerce company, Alibaba. Luxury brands in China in recent years have taken a significant hit, Forbes reported, in large part to a dwindling economy. The...
The Great Recession may have been officially over for three years, but consumers are still reacting to it — and that, combined with changes in the retail landscape, means how they spend has permanently changed, according to a report from the National Retail Federation. Consumer...
Customers who take advantage of big U.S. retailers’ “buy online, pick up in-store” services will save an average of only 96 seconds over simply buying the item in the store, according to a study by StellaService. However, online pickup did ensure that the desired item...
As online retailers search for ways to make deliveries as convenient as possible for customers, third-party services are trying to fill the gap — with potentially problematic results, according to ECommerceBytes. Case in point: Doorman, a package-delivery scheduling startup that “allows you to get your...
China’s number-four online payments processor, 99Bill, is now under the control of the country’s largest real estate developer, Dalian Wanda Group, the International Business Times reported on Friday (Dec. 26). Dalian Wanda Group didn’t say how much it paid for its controlling stake in 99Bill,...
