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Retail News

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17 January

The $5 Bonus: The Psychology Behind Costco’s Membership Fee

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Costco counts lots of fees — about 34 million individual members pay $55 a year, and 10.6 million business members pay $110. If it raises its fee by a mere …

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16 January
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13 January

Walgreens adding FedEx dropoff, pickup locations nationwide

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The deal between Walgreens and FedEx is like the one that office supplies retailer Staples has with United Parcel Service. Staples recently agreed to shut down similar United States Postal …

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13 January

J.C. Penney poised to close more stores

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    Discount department store chain J.C. Penney is prepared to shutter locations that don’t meet its “brand standard,” CEO Marvin Ellison said on Wednesday at the Weitzman Annual Forecast …

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12 January

The Wonder Of Wegmans

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Supermarkets aren’t generally the sorts of things that generate massive, dedicated fan bases. Certainly most shopper have a preferred grocery store (or at least one they tend to frequent more …

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22 December

How Sephora is revamping its fragrance category

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While Sephora’s fragrance department has lagged behind the growth of its beauty and skincare departments, the global fragrance industry is set to grow 3.6 percent between now and 2020. To bulk up …

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22 December
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20 December

Lidl to open 250 stores in London

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Lidl is to create 5,000 jobs in London and invest £70m in a new UK headquarters in the capital as the German super­market reaffirms its commitment to Britain following Brexit. …

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20 December

Topshop and Topman in landmark deal for mainland China stores

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Shangpin already sells the Topshop and Miss Selfridge brands in China and Topshop currently has three Hong Kong stores. Topshop and Topman will open five physical stores in China and maybe up …

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20 December

Tiger’s retail revolution

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Outside an old warehouse in Christianshavn groups have gathered round a giant snow dome to watch a man wearing an inflatable Santa suit pretend to ride a reindeer. This is Flying …

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