Retail Roundup—Toys R Us closing more stores; Land of Nod opens in Crate & Barrel

toys
Toys R Us is considering closing even more stores. (Toys R Us)

QVC CFO to resign

QVC's CFO Ted Jastrzebski will be stepping down as of May 17 to pursue an opportunity outside of retail. The commerce platform announced a search to replace Jastrzebski, who held the position for more than four years. (PR Newswire)

Crate & Barrel to launch in-store kid shops

Crate & Barrel has closed most of its brick-and-mortar Land of Nod stores and will now open the kid's brand directly in its parent store locations. Beginning in early April, Land of Nod products not sold in Crate & Barrel stores will be available online. (Chicago Tribune)

iFresh to accept Alipay

U.S. Asian grocer chain iFresh will soon accept mobile payments through Alipay, the online placement platform owned by China's Alibaba Group. The mobile wallet will allow for payment online and in stores using a cross-border mobile payment solution CITCON. (Progressive Grocer)

Toys R Us to close 200 more stores

Toys R Us is coming off of a dismal holiday season and is discussing the closure of close to 200 additional stores. The talk of the possible closings reflects the serious challenges the brand is facing as it continues to face pressure from Amazon and bigger toy sellers. (New York Times)

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