The International Council of Shopping Centers has elected David J. LaRue, president and CEO of Forest City Enterprises, to serve as the association’s chairman for the 2013–2014 term.
Virtual Piggy, an online service that allows parents to monitor their children's online shopping behavior, is heading across the Atlantic for the first time.
Originally developed by Midwest Glove to grow gardening category sales, the "Head-to-Toe" spinner has just received a Gold Merchandising Award at the National Hardware Show in Las Vegas for merchandising distinction.
The National Retail Federation has announced plans to formally oppose a proposed settlement of a federal antitrust lawsuit over credit card swipe fees charged by Visa and MasterCard. NRF is also urging retailers to carefully consider their own decisions before next week’s deadline set by the court.
Tabbedout has teamed up with Google to offer Google Wallet as a payment source in the Tabbedout app for Android. Consumers will now have the opportunity to pay from their smartphones, using their Google accounts, at thousands of Tabbedout locations.
AutoZone reported net sales of $2.2 billion for the 12-week third quarter period ended May 4, an increase of 4.5% from $2.1 billion for the same period last year. Domestic same-store sales decreased 0.1% for the quarter.
Although Dick’s Sporting Goods reported a year-over-year increase in revenues for first quarter 2013, performance still fell short of Wall Street expectations.
The TJX Companies reported increased net sales during first quarter fiscal 2014. Revenue rose almost 7% from the same quarter a year earlier to about $6.2 billion, while same store sales grew 2% on top of an 8% increase from last year. Net earnings totaled $453 million.
