Retail

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Wal-Mart Stores said Thursday it will partner with Ria Money Transfer to launch the Walmart-2-Walmart Money Transfer Service, a program that will allow customers to transfer money to and from more than 4,000 of its stores. Through the service, customers can transfer as much as $50 for a $4.50 fee, and up to $900 for a …

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After being fined more than $9.8 billion in the last three years, Wal-Mart is speaking out against the Chinese government, according to a report inThe Wall Street Journal. Although in the U.S. it is mainly the manufacturer’s responsibility to assure the quality of a good, in China, retailers are held accountable, the Journal said. But when regulating the country’s food …

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Take this job and shove it—oh, and thanks for the $2,000. Amazon said this week that it has started a program called Pay to Quit, in which it offers workers at its fulfillment centers between $2,000 and $5,000 to quit. In his annual letter to shareholders, Amazon Chief Executive Jeff Bezos said the company hopes its workers won’t …

Spring fever

Tight-fisted consumers are not just watching what they spend on food, they’re cautious about all kinds of spending. As we saw in the sales drop at a number of clothing chains that reported March numbers after the market close today. Take Gap stores: sales fell six percent and numbers from its namesake stores were well …

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Protecting and securing payment systems and consumer data is a never-ending task for all parties in a payment network, and it’s also a moving target. At the Electronic Transactions Association’s TRANSACT conference in Las Vegas, credit card companies, banks, payment processors, regulators and retailers all have the same fear: as soon as a new system …

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Liberty Media has decided to put Barnes & Noble down. Should investors follow the smart money or read on? The media company controlled by John Malone has sold 90 percent of its roughly 17 percent stake in the country’s largest bookstore chain, a move that sent the shares down 13 percent in midday trade Thursday. While Liberty didn’t …

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Who says dropping thousands of dollars on Fifth Avenue should be left to the ladies? Men are increasingly spending more on high-end fashion, and luxury brands are taking notice. In its recent earnings report, Prada said it plans to nearly triple the number of standalone men’s stores in the next few years. In the affordable luxury category, Coach said …

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Wal-Mart shopping carts sit outside of a store on February 20, 2014 in San Lorenzo, California.

Wal-Mart Stores Inc filed a $5 billion lawsuit against Visa earlier this week, saying the credit card company passed along unreasonable fees when shoppers used credit or debit cards at its stores, according to a Wall Street Journal report. In the lawsuit, which was filed in the U.S. District Court for the Western District of …

Spring Retail Outlook

On the first day of spring many of the nation’s retailers are counting on spring fever from shoppers. After a brutal winter that drastically cut sales and pummeled profits, retailers are hoping that pent-up consumer demand will keep their cash registers ringing.

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For today’s demanding online shopper, free shipping isn’t a nice thing to have, it’s a must. So when Amazon announced on Thursday that it would raise the price of its Prime membership from $79 to $99, a Brand Keys survey found that shopper backlash may have been more severe than expected. (Read more: New Amazon Prime fee makes …

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Dreaming of an outdoor barbecue, with the sun beaming down on your skin as you lounge on your brand-new patio furniture? Spring is like Christmas for home improvement retailers, and right now these stores likely feel like 5-year-olds who can hardly wait for Santa to come. But with seven inches of snow on the ground …

Rebuilding reputations

A brand expert tells us what he thinks it will take to change the public’s perception of tarnished brands like General Motors and Target.

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Customers defecting from Amazon’s Prime price hike may find a few of the retail giants competitors eager to woo them. ShopRunner, an Amazon rival that offers products from many major retailers, is offering a full year of its two-day shipping service for free to those who can prove they are Amazon Prime customers, according to a WSJ.com …

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Amazon.com is hiking prices on Prime, its premium membership tier, to $99 per year from the current $79, the online retail giant announced on Thursday. The price hike is the first since the service was introduced nine years ago, and will take effect when customers make their annual renewal. According to the company, Prime Fresh membership will remain …

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A pair of department store upgrades drove Macy’s and J.C. Penney shares higher on Tuesday, but while the bullish attitudes were aimed at the same sector, they gave differing opinions on where consumers’ dollars are headed. Citi upgraded J.C. Penney stock to “buy” from “neutral,” based on its conviction that the low-price department store chain can achieve positive same-store …