Amazon is gaining more ground in online retail, with 55% of shoppers reporting that they check Amazon prices first when hunting for a product, up from 44% last year, data from a BloomReach survey indicate. Search engines such as Google and Yahoo slid from 34% of shoppers turning to these sites at the beginning of their shopping searches to 28%, the survey shows.
Whole Foods Market has opened an upscale restaurant and bar called the 2ND at its store in El Segundo, Calif., with a seasonal menu that includes vegetarian takes on crab cakes and nachos. The 2ND also offers 36 beers on tap and 12 wines by the glass.
Jason Goldberger, Target's chief digital officer, has left the company as it embarks on an effort to bring greater focus to promotions and low prices. Former Nordstrom executive Mark Tritton, who joined Target in June, and Chief Information Officer Mike McNamara will share Goldberger's duties.
Staples interim CEO Shira Goodman has been named to the post permanently and will also join the retailer's board of directors. Goodman joined Staples in 1992 and worked her way up through the ranks to become president of North American operations before being named interim chief in June.
With mobile projected to account for about 30% of holiday season sales, it's likely to cut into the growth of other forms of e-commerce, according to a NetElixir report. In part, the report says, this is due to the tendency of consumers to spend less on mobile purchases than they spend via desktop.
Turner Construction is building the $557 million arena for the NBA's Sacramento Kings, and the project has become the first sports arena to earn LEED Platinum certification. It's one of about 30 LEED-certified sports venues in the country.
Yum! Brands' board of directors has approved the company's plan to spin off its China division in a deal that is on track to close by the end of October. "Yum China has a leading position in the China market, and we see tremendous opportunities to leverage our well-recognized brands and decades of experience to drive growth," said Yum China CEO Micky Pant.
German discount grocer ALDI will invest £300 million to create upscale store formats in the UK, with a focus on product quality and room for a larger selection of fresh produce, the company said Monday. The move comes as the retailer, known for its low prices, has been winning over wealthier British consumers.
Retail e-commerce services vendor Kibo Software has acquired Baynote, which uses its cloud-based technology to create profiles of online shoppers based on behavior.
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