Retail Roundup—Kroger to partner with local brands; Sam's Club to cut 700 jobs

Kroger urban format
Kroger is looking to partner with local brands.

Black Friday to be busiest online shopping day on U.S. record

Salesforce is predicting that this year's Black Friday will be the busiest digital shopping day in U.S. history. And it will also a big year for mobile, as phones will account for 60% of the total traffic on all retail sites across the globe. (PR Newswire)

Sam's Club to cut 700 staff

Sam's Club will eliminate 700 back-office positions at its U.S. clubs as the company explores more ways to cost costs. Some of the jobs eliminated will be accounting positions as the company releases a money-counting cash recycler machine to perform those duties. (Arkansas Online)

Amazon invests in Indian retailer 

Amazon has invested in Indian retailer Shoppers Stop Ltd. to help the company boost revenue and add 25% more stores. At the same time, the move gives Amazon leverage to expand its reach into smaller towns in India. (Bloomberg)

Kroger looking to partner with emerging brands

Kroger has announced the launch of its new website, Kroger.com/WeAreLocal. The site is a place for emerging brands to partner with the large retailer, which is looking to decentralize decision-making and promote local products. (PR Newswire)

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