Retail Roundup—Staples exploring sale, 7-Eleven modernizes

Staples consultation
Staples is currently burdened with debt due to online competition.

Staples exploring a sale

Staples is reportedly in talks with private equity firms about a potential sale. The largest U.S. office supplier, Staples is currently burdened with debt due to online competition. The announcement comes less than a year after its proposed merger with Office Deport was shut down to antitrust concerns. (Reuters)

7-Eleven Mexico modernizes technology

7-Eleven Mexico has deployed Oracle Retail Merchandise Operations Management solutions to support its growth and transformation. With the new system, local stores will be able to adopt a more aggressive business strategy and empower store managers to make decisions about quantity and type of product at each point of sale for their micro market. (PR Newswire)

Ex-Kmart president to lead Pier 1

Former president of Kmart Alasdair James has been named president and CEO of Pier 1 Imports. James, who has served as president of Kmart since 2014, begins his new duties May 1 and replaces Terry London, who has served as interim president and CEO since January. (The Detroit News)

Amazon refunds parents $70M

About one year after Amazon was found guilty of billing users for unauthorized in-app purchases, the e-commerce giant has dropped its appeal and agreed to pay back the customers. The in-app purchases were made by kids when playing with premium apps. The Federal Trade Commission estimated that parents were charged upwards of $70 million between November 2011 and May 2016. (The Verge)

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