Senior writer @FortuneMagazine covering retail and consumer goods. Reuters alum. Obsessed with 26.2, Def Leppard, Muppets, Looney Tunes, Canadiens.

Here’s How Walmart Is Reigniting Its E-Commerce Growth — Of all the items in Walmart's generally upbeat second-quarter results numbers, nothing must have come as a relief to company executives as much as the online sales growth figure. The retailer said on Thursday that online sales rose 11.8% in the quarter ended July 31, with the U.S. results outperforming other markets.

Walmart surprises with strong sales numbers in stores and online — The world's largest retailer on Thursday gave Wall Street a pleasant surprise by reporting that comparable sales in the U.S. rose 1.6%, which was more than the 1% expected by industry tracker Consensus Metrix. The strong showing was boosted by more shoppers coming to stores, the popularity of its smaller format Neighborhood Market grocery stores and quicker growth online.

JC Penney Plans Risk Move to Significantly Ramp Up Its Private Brands — J.C. Penney thinks it has found the ultimate weapon to keep its turnaround on track: ramping up its own house brands. At Penney's first investor day since 2014, company executives outlined their three-year plan: one of the centerpieces of the updated strategy is doubling down on its private brands. J.C.

Target forecasts a drop in holiday season sales sending shares down — The chic discount retailer on Wednesday reported a 1.1% decline in comparable sales in the second quarter, and more worryingly, lowered its sales forecast for the remainder of the year-including the key holiday season. Shares were down 4% in premarket trading.

New Mall Cements Lower Manhattan as a Luxury Retail Mecca — Real estate developer Westfield inaugurated a brand new mall at New York City's World Trade Center on Tuesday, replacing an emporium destroyed nearly 15 years ago in the most devastating terrorist attack on U.S. soil, the 9/11 attacks.

Barnes & Noble Fires CEO, Creating New Turmoil Amid Turnaround Efforts — That didn't last long. Barnes & Noble on Tuesday ousted its Chief Executive Officer Ron Boire less than one year into his tenure, saying he "was not a good fit" in an unusual rebuke for such a corporate announcement. The move plunges the No. 1 U.S.

Kmart Denies Reports Sears It Is Shutting Down — Media reports that Kmart is slowly going out of business via stealth liquidation sales have clearly struck a nerve with parent company Sears Holdings The company published a blog post on Wednesday seeking to debunk claims that Kmart is getting ready to shut down after a Business Insider article last week said, citing employees, that the company was purging warehouses and putting all stock out on the sales floor in what could seem tantamount to close-out sales.

Retail Sales Will Kick Up This Year Unless the Election Kills the Mood — Much of the gloom and doom in retail seems to be lifting at last but the industry's main association says politics could rain on stores' parade. The National Retail Federation, an industry group, raised its annual sales forecast on Tuesday, saying that the improving housing market, more jobs and better wages would spur more customer shopping.

Under Armour Lands Kohl's Deal Aimed at Helping It Reach Women — Under Armour is coming to where millions of women shop: Kohl's. The sportswear maker, which skews male, on Tuesday said it would begin selling its apparel, accessories and footwear at all of Kohl's 1,160 stores beginning in March in a move that will give Under Armour much greater reach with women customers, while giving Kohl's a new way to set itself apart from some department store rivals.

McDonald's Turnaround Slows as Customers Balk at Pricier Items — McDonald's reported slower-than-expected U.S. sales growth on Tuesday, hurt by customer reluctance to embrace its pricier items, stoking fears the burger chain's vaunted turnaround has stalled. It was the second quarter in a row of disappointed sales growth in the United States despite initiatives like its all-day breakfast menu.
More Articles →
Aug 25, 2016

More of same at Sears Holdings: q2 Net loss almost doubles to $395m; comps sales down 3.3% at Kmart, 7% at Sears & Lampert lending $shld $

Aug 25, 2016

Happy 100th birthday to the @NatlParkService #tbt to Bryce Canyon Ntl Park, UT in May. America's biggest treasures.

Aug 24, 2016

And here we go. @Kantar Retail is out with the 1st of what will be many 2016 #holiday #retail spending forecasts with a projection for +3.8%

Aug 23, 2016

Hundreds of Americans wash up illegally in Canada after river party  Harsh to call stranded Americans "floaters" lol

Are You a Journalist?

Create a free Muck Rack account to customize your profile and upload a portfolio of your best work.

Create a Portfolio