Retail Roundup—Starbucks opens innovation center; Former executive sues Walmart

Starbucks will open an innovation center for testing out new ideas. (Image: Starbucks)

Former Walmart exec says retailer rigged results

A former executive at Walmart was fired for complaining that the company was breaking the law by releasing misleading e-commerce results. Tri Huynh, former director of business development at Walmart, is now suing the company, saying he was pushed out under false pretenses after repeatedly raising concerns about the released data. (Bloomberg)

Supervalu to sell off 21 stores

Supervalu has entered into three definitive agreements to sell 21 of its 38 Farm Fresh Food & Pharmacy stores for $43 million to Harris Teeter, Kroger and Food Lion. The company will continue discussions about selling the remaining Farm Fresh stores and is already in agreements with Rite Aid and CVS to pick up the closed in-store pharmacy prescriptions. (RTT News)

Signet closing stores to focus online

Signet, which owns Kay, Zales and Jared jewelry stores, has decide to close many mall locations and put more focus on its e-commerce. The plan is being called the "path to brilliance" and comes after many quarters of disappointing sales. (Bloomberg)

Starbucks to open innovation center

Starbucks announced it will open a 20,000-square-foot innovation center, a place where everybody who works for the company can come in and test their ideas. Ideas can range from drink ideas to payment processing, as the world's leading coffee maker looks to use technology to solve basic problems. (GeoMarketing)

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