Consumer and retail news: 10 things you need to know today
1. Amazon is knocking down Prime's price by $26 this weekend
Amazon plans to celebrate its Golden Globe win for its original series "Mozart in the Jungle" by giving out a big, one-weekend-only discount. Friday through Sunday, Amazon's shopping club, Prime, will cost $73, down $26 from its usual $99 annual price tag. ($73, because this was the 73rd annual Golden Globes.)
2. Walmart is closing hundreds of stores and laying off thousands of employees
3. American Apparel has turned down Dov Charney's buyout offer
4. 'Confidential' memo shows Deutsche Bank admitting its screwup was the reason American Apparel employees didn't get paid last week
In separate American Apparel news, Deutsche Bank has admitted that it is responsible for the retailer's recent payment scandal. A copy of the memo was obtained by Business Insider.
5. Zulily had a great response after a customer tried to return a coat
6. Retail sales fell in December, as expected
With all 12 months in, we now know that 2015 was the worst year for retail sales since 2009. "A disappointing headline and even worse details suggest that spending in Q4 will likely drag GDP down even further," BNP Paribas' Bricklin Dwyer wrote to clients. "The December retail sales report implies a downward revision to our tracking estimate of consumption spending in Q4."
7. This pizza restaurant's bathroom sign is receiving national attention
Pure Pizza of Charlotte, North Carolina, is generating buzz for an unexpected reason: a note hanging inside its unisex bathroom. "We have a UniSex bathroom because sometimes gender specific toilets put others into uncomfortable situations," the note reads.
8. This liquor brand grew sales from $1.9 million to $160 million in under 5 years - and it's now more popular than Grey Goose or Jim Beam
Fireball Whiskey's sales are soaring. It's the sixth-most popular liquor brand in America by retail sales, putting it ahead of classic brands like Grey Goose and Jim Beam, according to CNN Money. That doesn't include sales in bars.
9. Zappos CEO Tony Hsieh explains to Business Insider why 18% of employees quit during the company's radical self-management experiment
Hsieh believes that the employees who chose to leave are happier, regardless of what caused them to take the severance package. "We want to make sure that employees aren't here for just a paycheck and that they truly believe that this is the right place for them," he said to Business Insider.
10. Lululemon is avoiding the retail industry's worst trend
At the ICR Conference in Orlando, CEO Laurent Potdevin said that the company sold 90% of its apparel at full price between Cyber Monday and Christmas, Sapna Maheshwari of Buzzfeed reported. This is notable, as most retailers often have to resort to heavy promotions during the holiday season.