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Macy’s CEO Terry Lundgren: Too Many Damn Stores!
That’s essentially what Macy’s chairman/CEO Terry Lundgren said on the business talk-show circuit today, in explaining the company’s decision to shut about 14 percent...
Retail
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Sony Launching Z-Series TVs Tomorrow At Video & Audio Center
Sony Electronics has tapped L.A.’s Video & Audio Center (VAC) to serve as the retail launch pad for its new flagship Z-series 4K Ultra...
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Walmart Buys Jet.com
It’s official. Walmart is purchasing nascent e-tailer Jet.com for $3 billion. The world’s largest retailer said a portion of the $3 billion will be...
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Monster Gives Its Blaster A Boost At Fry’s
Monster recently held a Taking it to the Streets event at Fry’s Electronics in Sunnyvale, Calif., to mark the launch of its hefty Blaster...
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hhgregg YouTube Video Goes Viral
While most folks are only too quick to hit the “skip ad” button on YouTube, more than 1.4 million viewers have actually sought out...
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Amazon Adds Kickstarter Collection To Startup Section
Amazon has added a dedicated Made on Kickstarter section to its crowdfunded Launchpad department. Like Launchpad, the new section highlights “unique and unexpected products...
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Sears To TWICE: Kmart’s A Key Asset
Sears Holdings has taken strong exception to a TWICE article, based on a published report, which questioned whether Kmart is in the process of...
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Is Sears Preparing To Pull The Plug On Kmart?
Reports of Kmart’s impending demise are reaching a fever pitch. Sales associates who spoke to Business Insider believe the beleaguered chain is in the...
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Amazon Tries Its Hand At Student Loans
Amazon Prime members now have yet another perk: student loan discounts. The e-tailer is teaming with Wells Fargo Education Financial Services for student loans,...
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FujiFilm Opens ‘Wonder Photo Shop’ In Manhattan
FujiFilm North America previewed its Wonder Photo Shop in New York’s historic Flatiron District on Monday. The store is set to open to the...
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What Amazon’s Top-Selling Prime Day Item REALLY Was
Amazon said this week’s second-annual Prime Day promotion was its biggest day ever, led by the No. 1 item Fire TV Stick. While the...
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The Final Tally: How Amazon Did On Prime Day
Amazon said yesterday’s second annual Prime Day promotion was another one for the record books. According to the e-tailer, the members-only sale proved to be its...
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It’s Amazon Prime Day. Yeah, So?
Updated! Amazon’s much ballyhooed Prime Day redux promotion has arrived, but the jury’s still out on whether the event is living up to the...
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Check Out Sonos’ Upcoming Flagship Retail Store
Sonos has provided a sneak peek into its first retail store, slated to open July 19 in New York City. The company’s flagship location...
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Walmart, Best Buy Counter Amazon Prime Day With Sub-$600 Samsung 4K UHD TVs
Updated! To counter the hoopla surrounding tomorrow’s Amazon Prime Day sales extravaganza, retailers are running a few extreme promotions of their own. Walmart for one, is...
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How Many Prime Members Does Amazon Actually Have?
Amazon has traditionally remained mum on the number of customers enrolled in its $99/year Prime membership program, but a new report from Consumer Intelligence...
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hhgregg Betting Big On Luxury Appliances With Fine Lines Surge
hhgregg is finally going wide with its Fine Lines premium appliance shops. To date, the company only operates 14 of the stores, which were...
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Costco CE Sales Flatline In June
Costco said its CE comp sales were flat in June. The No. 1 wholesale club shared the results as part of its monthly sales...
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Amazon Prime Day 2016 Expected To Be 4th Biggest Shopping Day Of The Year
Watch out Black Friday. Prime Day is gaining on you. According to SimilarWeb, a digital market intelligence firm, Amazon’s Prime Day sales extravaganza on...
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Amazon Explodes Alexa’s Shopping List
We told you the other day how Alexa is getting smarter; now its shopping skills are off the chart. According to Amazon, customers can...
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Look Who’s Got The Deepest Independence Day Discounts
For some, Independence Day conjures up images of Paul Revere’s ride, Washington’s crossing, and the Founding Fathers risking their necks (quite literally) to sign...
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Amazon Primed For Prime Day Round 2
Amazon is bringing back its summertime Prime Day promotion, with a fury. Launched last year to mixed reviews — Amazon said it broke sales...
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Amazon Offering Deep Price Cuts On Unlocked Phones, But There’s A Catch
Amazon has dramatically reduced the prices on a pair of unlocked smartphones for Prime members in exchange for receiving ads on their lockscreens. The...
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Walmart Ramping Up ShippingPass, Its Partial Answer To Amazon Prime
Walmart’s test of a $49/year two-day shipping service is going wide. The pilot ShippingPass program, which launched last spring by invitation only, is now...
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Spire Celebrates 15 Years Of Tech Integration
Each spring Spire Integrated Systems holds a major thank-you shindig for customers and vendors at its Troy, Mich., headquarters and showroom. This year’s gathering,...
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Which Tech Retailers Will Feel Brexit’s Bite The Most
Amid all the hullaballoo over Britain leaving the European Union (“Brexit”), TWICE wondered which specialty retailers will be impacted by the move the most....
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More On Best Buy’s New In-Home Advisors Pilot
Last week TWICE reported on a Best Buy pilot program designed to drum up business by providing free in-home tech consultations. The retailer is...
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Belkin Opens Retail Store At LAX
Belkin is giving brick-and-mortar another go. The accessory manufacturer opened a new retail space in Terminal 6 at Los Angeles International Airport (LAX) with...
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Best Buy Testing Free In-Home Tech Consults
In an effort to boost its services business, Best Buy is testing a free in-home advice program to help customers overcome their techno pain...
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A Firsthand Look At Target’s New Smart Shop Pilot
TWICE recently reported on Target’s first formal in-store foray into smart devices — a six-section curated shop that is currently being tested in a...
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A Sneak Peek At Walmart’s Latest Electronics Department Design
To students of Walmart, store No. 5260 in Rogers, Ark., holds a special place. For this isn’t just any run-of-the-mill Walmart box; store No....
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Sears Quietly Launches First Kenmore-Branded TVs
Kenmore has left the kitchen. Sears’ venerable appliance badge is now appearing on a two-line series of aggressively priced HD and 4K Ultra HD...
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Online Sales Growth Vital For CE Retailers
The TWICE Consumer Electronics Top 25 E-tailer’s list, together with our Consumer Electronics Top 100 and the Major Appliance Top 50 rankings, provide the...
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Circuit City Update: ‘Taking Our Time To Get It Right’
Six months ago global sourcing exec Ronny Shmoel announced plans to revive the Circuit City brand, which he acquired last year from Systemax. At...
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Retail Roundup
Online Shopping Exceeds In-Store According to a UPS report, online orders have finally surpassed in-store purchases. The study, conducted by ComScore and e-commerce consultancy...
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Walmart Drone Fleet Prepares For Liftoff
Walmart could begin deploying drones at its distribution centers within the next six to nine months, the company revealed. The drones will be used...
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Staples Launching Same-Day Delivery Service
Staples has joined the same-day delivery fray. Its new Staples Rush service, which is currently being tested in parts of Boston, Dallas and Manhattan,...
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Conn’s Metrics Worsened In May
The momentum from Conn’s mixed first-quarter results carried into May. According to the company’s monthly performance update — a practice it ended with the...
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Connected Living: Target Testing Its First Smart-Home Shop
Target has installed a smart-home and “Connected Living” section within the CE department of a Minneapolis-area store in what could presage a wider rollout...
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Sears Looking To Cash Out Kenmore As Losses Widen
Sears Holdings will “explore alternatives” for its home services unit and private-label Kenmore, Craftsman and DieHard brands amid steepening first-quarter losses and the departure...
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You’ll Be Surprised Which Top Retailer Charges The Least For Electronics
A survey of CE prices last month at four of the top five tech retailers revealed a surprising low-price winner. According to Wolfe Research,...
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World Wide Stereo Turns Up The Volume
World Wide Stereo, the acclaimed Philadelphia-area A/V specialty and custom-installation chain, has opened a second distribution center after outgrowing its original facility. The new...