Retail Roundup—Prices drive Amazon purchases, Nordstrom's parental leave

Nordstrom store front facing mall
Nordstrom's new parental leave policy is a big change. (Mike Mozart/CC BY 2.0)

Price biggest driver for Amazon purchases

According to a CPC Strategy survey of 1,500 internet users about their Amazon shopping habits, price was the No. 1 factor in driving shoppers to purchase on Amazon, followed by the e-commerce site's convenient shipping and quality of reviews. However, most shoppers do research to make sure that Amazon's prices are actually better, as only 10% said they don't check prices elsewhere before buying. (eMarketer)

Nordstrom's new parental leave

Department store chain Nordstrom announced it will now offer up to 12 weeks of fully paid leave to birth mothers and up to six weeks of fully paid leave to other new parents, including nonbirth, adoptive or foster parents. In order to be eligible, employees must have worked at Nordstrom for at least 180 days prior to the date of the birth or placement of the child. This new policy is a big change from its current six weeks of disability paid at 60%. (Seattle Times)

Abercrombie & Fitch won't renew 60 store leases

Abercrombie & Fitch will not renew leases on 60 stores around the country this year as part of an ongoing effort to consolidate the retailer's footprint. The closures include all U.S. stores that have renewals coming up in 2017. The retailer also announced a 5% decrease in sales to $3.3 billion in 2016. (Nola)

RadioShack to file for bankruptcy, again

General Wireless Operations, parent company of RadioShack, has begun shuttering 200 stores and negotiating the closing of more locations. And sources say that the electronics retailer is also set to file for Chapter 11 bankruptcy for the second time. RadioShack first filed in early 2015 as it sold 2,400 stores to General Wireless, an affiliate of hedge fund Standard General. (Fortune)

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