Tag: Store

Apple drops its App Store fee for events forced online by the pandemic

Apple is waiving the customary 30% fee it charges businesses that sell tickets to online events in the company’s App Store for the rest of the year.

Apple suspended the fee to give businesses affected by the coronavirus pandemic more time to adapt to operating almost entirely online, a spokesman told CNBC. App store developers such as Airbnb, the home-rental company, has expressed interest in holding more events online, the Wall Street Journal reported.

Earlier this week, Apple agreed to exempt Facebook events from the 30% fee. This summer, the social media company introduced paid online events as a way for small businesses to make some money. Facebook said it would not be taking a cut of event fees until August 2021. Apple’s suspension of its 30% fee means that sellers of online events will be able to keep all their earnings, minus taxes. 

Apple expanded the fee suspension on

Read More

Counterculture clothing store ‘The Alley’ to close its Lakeview storefront to expand online business

CHICAGO (WBBM NEWSRADIO) — The counterculture clothing store “The Alley,” in Chicago’s Lakeview neighborhood, is moving and shifting focus to a largely on-line business model.



a sign above a store: The counterculture clothing store “The Alley,” in Chicago’s Lakeview neighborhood, is moving and shifting focus to a largely on-line business model.


© Provided by WEEI
The counterculture clothing store “The Alley,” in Chicago’s Lakeview neighborhood, is moving and shifting focus to a largely on-line business model.

“It’s the boss, guess what? We are moving.”

The boss, the owner of The Alley, Mark Thomas made the announcement in a video posted on social media.

“We’ve done pretty good over here. We’ve actually done well after COVID, but the future is the internet,” Thomas said. “We need to grow. We need to grow into this. We need to change our business model.”

The new location, on the 2600 block of West Fletcher, is expected to be open early next month.

“The building over on Fletcher has got 120 of our music and art tenants. It’s where we do

Read More

Nordstrom: Department Store Retail Is A Tough Business (NYSE:JWN)

I shorted Nordstrom (JWN) again this week after posting my momentum sort results on struggling Midcap S&P 400 picks. After mentioning the stock in a bearish article in early May, Nordstrom has continued to slide in price and underlying value.

Nordstrom operates large physical, mall-centered store locations that require high rent payments and overhead costs. When the company was forced to shutter retail stores from the U.S. coronavirus pandemic response, it’s sales and cash flow plummeted. And, with much greater logistical effort to close and restart sales than the typical department store or online retailer, this high-end clothing and fashion boutique has struggled throughout 2020.

Image Source: Company Website

To illustrate just how rotten business has been for Nordstrom, and the difficult investment headwinds for the stock, I have pictured some Seeking Alpha data points to consider below. The Quant, computer-driven score for the company is one of the

Read More

Neiman Marcus reduces store workers amid review of business

(Bloomberg) — Neiman Marcus is reducing the size of its store workforce as part of a reassessment of its business as it emerges from bankruptcy.

The department store said it began laying off some store workers on Wednesday after a reorganization of staff at its Neiman Marcus and Bergdorf Goodman locations.

“We are evaluating every part of our business to ensure that the company is positioned for long-term success,” Neiman Marcus said in a statement. “We plan to separate from selling and non-selling associates.”

Neiman Marcus has been closing stores throughout the year, including the New York flagship location it opened in 2019. The company plans to close its store in the Natick Mall next year.

The company declined to disclose how many employees would be affected by the cuts. Some new positions will be added for customer service and personal styling.

Neiman Marcus is emerging from bankruptcy this month

Read More

Employee steals from Wellington store a second time

Palm Beach Post

West Palm Beach Police

Drugs: A teen known to be under a court-ordered curfew was spotted in the 3800 block of Pinewood Avenue. While acknowledging he has a curfew, the teen said he did not have a phone with him and was unaware of the time. He was arrested. A subsequent search turned up crack cocaine in the pocket of his jeans. 

DUI: A man was found passed out at the wheel of a vehicle in the 1000 block of Okeechobee Boulevard. Police were unable to rouse the driver, who was slouched over the steering wheel, and had to force open the locked vehicle. The driver had bloodshot, glassy eyes and slurred speech, and he smelled of an alcoholic beverage. An empty 12-pack of mango White Claw was found in his back seat. An empty can of the beverage was in his cupholder. The man admitted to

Read More

Condon Hardware, a family-owned hardware store in Medway, is going to close after 55 years in business – News – Wicked Local

Condon Hardware at 114 Main St. first opened in town back in 1965 at another location on Main Street located in the same plaza it operates today, said Owner Dennis Condon, who is planning to retire at the end of this year.

MEDWAY — After 55 years as the town’s go-to store for local home improvement needs, Condon Hardware in Medway will close at the end of this year.

The popular hardware and supply store at 114 Main St. first opened in town back in 1965 at another location in the same Main Street plaza where it operates today, said owner Dennis Condon, who is planning to retire at the end of this year.

After experiencing some medical issues this spring – around the time the business’ lease was set to be renewed — Condon, 75, said he reconsidered running the store. And due to the coronavirus pandemic, he opted

Read More

Apple will launch its online store in India on September 23

Apple will launch its online store in India on September 23, bringing a range of services to customers in the world’s second largest smartphone market for the first time in the 20+ years since it began operating in the country.

The company, which currently relies on third-party online and offline retailers to sell its products in India, said its online store will offer AppleCare+, which extends the warranty on its hardware products by up to two years, as well as a trade-in program to let customers access discounts on purchase of new iPhones by returning previous models. These features were previously not available in India. Customers will also be able to buy Macs with custom configurations. 

“We know our users are relying on technology to stay connected, engage in learning, and tap into their creativity, and by bringing the Apple Store online to India, we are offering our customers the

Read More

Macy’s Polaris Strategy on Track, Soft Store Sales a Worry

Bloomberg

Perelman Selling Almost Everything as Pandemic Roils His Empire

(Bloomberg) — Bit by bit, billionaire Ronald O. Perelman is parting with his treasures.His Gulfstream 650 is on the market. So is his 257-foot yacht. Movers hauled crates of art from his Upper East Side townhouse after he struck a deal with Sotheby’s to sell hundreds of millions of dollars of works.He’s unloaded his stake in Humvee-maker AM General, sold a flavorings company that he’d owned for decades and hired banks to find buyers for stock he holds in other companies.What in the world is going on with Ron Perelman? His exploits on and off Wall Street have been tabloid fare in New York since the go-go 1980s. But now, at an age when most fellow billionaires are kicking back, Perelman, 77, is facing a range of financial challenges, most of all at Revlon Inc., his cosmetics giant.Once touted as

Read More

Apple to open its first India online store

Apple will launch its first online store in India next week, the Silicon Valley giant said Friday, hoping to cash in on the country’s festive season and grow its tiny share of the booming market.

The company is a small player in India, where sales of its smartphones lag those of South Korean rival Samsung, with the iPhone maker pricing itself exclusively at the luxury end of the market.

Its renewed push into India comes as Asia’s third-largest economy has hit a record slump due to a months-long coronavirus lockdown.

India’s busiest shopping season usually kicks off in October, with stores offering steep discounts and freebies to customers looking to splurge on big-ticket items as they celebrate popular Hindu festivals including Dussehra and Diwali.

Apple’s online store, which will open for business on September 23, will offer “a range of affordability options” including discounts on Macs, iPads and tech accessories

Read More

Apple’s online store is opening in India on September 23rd

Apple is opening its online store in India on September 23rd over a year after the government eased rules that limited the tech giant’s business in the country. The store will offer Apple’s full range of products and direct support to customers in India for the first time, and it will also give them access to financing options and the company’s trade-in program. At the moment, the company only sells its products to Indian customers through third-party stores.

Apple started building iPhones at a plant in Karnataka back in 2017. However, it couldn’t establish a retail presence in the country due to a rule that required foreign companies to manufacture 30 percent of its products locally. Bloomberg reported that the tech giant was already gearing up for online sales shortly after India eased its rules on location production, and Tim Cook confirmed it in February this year at an annual

Read More