Articles By Anna Rose Welch
-
Amazon Launches “Login And Pay With Amazon”
10/15/2013
Amazon recently announced its new “Login and Pay with Amazon” service at Money 2020. This service enables partner sites to include a “pay with Amazon” payment button next to PayPal and credit card options at the end of the online checkout process. With this new service, Amazon has eliminated the often-daunting task of starting a new customer account online. Consumers now have the ability to quickly login with their Amazon credentials and complete their transaction with just a few clicks of the mouse.
This process also guarantees that partner sites will start seeing fewer “guest checkouts,” while Amazon will also capture a larger amount of online sales.
-
J. Crew Dips Its Toe In The British Market
10/11/2013
This week, J. Crew enters the British market, but rather than taking the market by storm, the company is keeping the move “low key.” This new store — a men’s only store — is discreetly located in a nineteenth-century building on Lambs Conduit Street, nestled among other men’s clothing and home furnishing outlets. According to the company’s chairman, Mickey Drexler, J. Crew is, “trying not to do the big US company coming to London. We want to be low-key.” This is the first of three planned J. Crew store openings in England, the next of which is a flagship store opening on Regent Street in early November. The company also plans to open a boutique womenswear outlet in Brampton Cross.
-
Stein Mart's Fall Sales Not Falling
10/10/2013
Stein Mart reported September sales figures today for the five-week period ending October 5, 2013. The figures reveal that Stein Mart’s total sales for this period increased 7.3 percent and comparable store sales increased 5.0 percent. Total sales for this five-week period equaled $112.20 million, up from $104.60 million in total sales reported for the same five-week period in 2012. The company has undergone some major changes recently, including launching its e-commerce site and revamping internal systems. CIO Andrew Black stated at Oracle CrossTalk, “We have been making significant strides to improve legacy systems. This has led to better returns management and a reduction in fraud.”
-
Dollar General Celebrates 11,000th Store Opening
10/9/2013
On October 5th, Dollar General opened its 11,000th store in Munfreesboro, TN. This growth will continue throughout the remainder of the year, as Dollar General anticipates opening 650 stores in 2013 and creating 6,000 new jobs. In fact, according to a press release detailing second quarter financial results, Dollar General opened 375 new stores in the 26-week period ending August 2. Since 2007, Dollar General —the retailer with the most stores in the United States — has created nearly 30,000 new jobs.
-
RadioShack To Raise Funds In Hopes Of Wooing Vendors
10/8/2013
The electronics consumer store, RadioShack, has recently announced its plans to raise funds by the end of 2013. According to anonymous sources connected with the company’s finances, RadioShack, having lost $139.4 million last year, will be raising money through debt-financing in order to prove to suppliers that the company has enough money to support its turnaround.
-
Neiman Marcus Decides That Free Shipping Is Not Just For The Holidays
10/7/2013
The Neiman Marcus Group has announced that it will now be offering permanent free standard shipping for all domestic online and in-store purchases. For international customers, all orders over 100 dollars will ship for free. The permanent free shipping offer also applies to purchases made in the Bergdorf Goodman store and on its website.