Retailwire

Retail News and Analysis
  1. Walmart saw more than half its gain in same-store sales during the second quarter driven by a 37 percent rise in e-commerce revenues. The retailer also announced that next-day deliveries are now available to 75 percent of American households as the chain leverages its physical footprint to expedite in-store pickup and grocery home delivery.
  2. Amazon has opened one of its 4-star stores in its home city of Seattle. The new store, the fourth overall for the concept, features highly rated products sold on the e-tail giant’s site as well as other items that are in high demand locally.
  3. Higher prices have enable fast food chains to post revenue gains despite traffic being flat or falling in many locations. Burger King, McDonald’s and Wendy’s have all raised prices on some menu items while keeping others low to balance the need between traffic and profits.
  4. Pill Club, a healthcare startup, is leading the call for a boycott of CVS alleging that its CVS Caremark pharmacy benefits management business is making changes to its program that could put women who use birth control pills at risk of having their supplies of the drugs interrupted. CVS claims that Pill Club is using…

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  5. Same-store sales at Kate Spade fell six percent in the second quarter despite parent company Tapestry’s earlier forecast that the brand was on its way to turning its business around. Shares of Tapestry, which also owns Coach, fell as much as 17 percent on the news.

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