A new app from Dollar General allows mobile users to scan their items and pay while avoiding checkout lines. The DG Go app, for now available for use in just 10 stores, emails users an immediate receipt and applies any saved coupons automatically.
Sears has opened a 10,000-square-foot Kmart shop inside a Sears department store in Brooklyn, N.Y., selling groceries, health and beauty items and other household goods. The retailer also plans to create mini-Sears stores inside Kmart locations to sell higher-end appliances.
J.Crew Group has named former West Elm Creative Director Johanna Uurasjarvi as its new design chief, to lead design for its namesake, Crewcuts and Mercantile brands. The retailer has also been adding new third-party brands, including Prime Cotton men's underwear designed by Mack Weldon.
Marks & Spencer could drop Per Una, a private-label fashion line that debuted in 2001, and other lines as the UK retailer formulates a strategy to stimulate non-food sales. Per Una was created in partnership with designer George Davies, who sold his interest to M&S in 2004 for £125 million.
Online shopping is growing, but consumers still make about 79% of all purchases in stores and they especially like to buy in person when it comes to clothing, according to new research. Clothing purchases are most likely to include repeat purchases of wardrobe staples rather than fast-fashion or trendy styles, the researchers found.
President Donald Trump touted the strength of the US economy during a speech before the National Federation of Independent Business on Tuesday, but the Dow Jones industrial average fell almost 300 points on news of escalating tariffs between the US and China. The speech came a day after Trump said he was considering tariffs on another $200 billion of Chinese goods, which NRF called a "reckless escalation" of the emerging trade war.
UK department store Debenhams, which restated its profit forecast Tuesday, is considering selling Denmark-based Magasin du Nord, said CFO Matt Smith. The possible sale of the six-store chain that Debenhams acquired in 2009 for £12.3 million is part of the parent company's cost savings strategy.
Major internet companies Tencent Holdings and Alibaba Group Holding are joined in a war over mobile payments in China, where transactions totaled $15.4 trillion in 2017, according to iResearch. Alibaba has offered deep discounts to gain more Alipay users, while consumers' strong use of Tencent's WeChat has helped the app's payment option make huge strides.
After President Trump announced Monday that he is considering tariffs on an additional $200 billion in Chinese goods, NRF urged Congress to step in on trade policy, saying a trade war "threatens to sap the energy out of the strong US economy just as most Americans are starting to enjoy the benefits of historic tax reform." Learn more.
China-based online resale platform Cashify announced an investment and partnership deal with recommerce platform AiHuiShou. Cashify is hoping to increase its transaction volume by 100% and grow its international presence.
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