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Retail Report Reveals “Best” and “Worst” Retailers of 2012 Season?

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Industry Experts

Charleston, SC—How do you measure what makes a retailer the “best” or “worst” of 2012? Well, According to America’s Research Group (ARG), which today released its Updated Retail Report, you have to taken into account customer retention. “A well-marketed, well-merchandised retailer needs to retain 80% or more of its customer …

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Mobile Shopping Report: Retailers Fall Short of Consumers’ Expectations

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Wellesley, MA—While Black Friday and Cyber Monday 2012 proved that mobile commerce is growing steadily, new research reveals that the top 20 brick-and-mortar retail brands still fall short of consumers’ expectations for fast, well-designed and functional mobile apps and websites. According to Mobiquity’s Mobile Shopping Satisfaction Report, an independent consumer …

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Feds to Investigate Walmart over Mexican Bribery Charges

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Washington—The U.S. Justice Department has reportedly launched a criminal investigation of Walmart regarding alleged $24 million in bribes that the retail giant’s representatives paid to local officials in Mexico to speed up opening stores there in early 2000s. According to a Bloomberg News report, the Justice Department is “investigating potential …

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Walmart Invests $12 million to Help Women Entrepreneurs in Latin America, Caribbean

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Cartagena, Colombia—U.S. Secretary of State Hillary Clinton announced that a new public-private partnership, which includes Walmart, that will aim to help train and nurture women entrepreneurs in Latin America and the Caribbean. Clinton, who was in Cartagena with President Barack Obama and U.S. officials attending the Summit of the Americas, …

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Executive Changes: Walmart, Old Navy, JCPenney, Lane Bryant, Laura Ashley

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People

 Rosalind Brewer to Head Sam’s Club; Internal Promotions at Walmart Bentonville, AR—Rosalind Brewer, who has been president of Walmart U.S.’ 1,600-store Eastern business unit, is being named to succeed Brian Cornell, president/ceo of Sam’s Club, who left his position for family reasons. Brewer , 49, who previously was an executive …

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Sustained Retail Recovery Lagging Record-Breaking Consumer Spending

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New York—The retail industry continues to edge tentatively toward recovery, buoyed by a stellar start to the holiday shopping season, as retailers, landlords, and investors capitalize on pent-up consumer demand and shopping centers remain a top investment category. However, several obstacles stand in the way of sustained progress in 2012, …