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August 21, 2014

Crocs has appointed footwear industry and product merchant leader Michelle Poole as SVP of global merchandising, a newly created role, reporting directly to president Andrew Rees.

Crocs has appointed footwear industry and product merchant leader Michelle Poole as SVP of global merchandising, a newly created role, reporting directly to president Andrew Rees.

Poole, who starts her new role Aug. 25, will be based out of the Product Creation and Global Shared Services Center in Niwot, Colorado.

May 21, 2014

Despite the massive data breach that hurt Target’s fourth quarter, people are not staying away from the retailer. According to a Reuters report, the company saw a dramatic improvement in traffic in the first quarter compared to its late fourth-quarter trends.

Despite the massive data breach that hurt Target’s fourth quarter, people are not staying away from the retailer. According to a Reuters report, the company saw a dramatic improvement in traffic in the first quarter compared to its late fourth-quarter trends.

May 1, 2014

The timing of the Easter holiday this year adversely affected first-quarter sales at Publix by 1.3% — Easter fell in the second quarter this year, rather than the first quarter as if did last year — but the company still posted a 4.1% increase to $7.8 billion from last year’s $7.5 billion.

The timing of the Easter holiday this year adversely affected first-quarter sales at Publix by 1.3% — Easter fell in the second quarter this year, rather than the first quarter as if did last year — but the company still posted a 4.1% increase to $7.8 billion from last year’s $7.5 billion.

Comparable-store sales for the quarter increased 4%.

April 18, 2014

Most U.S. retailers make their first international foray in contiguous markets such as Canada or Mexico for obvious reasons. However, for those interested in massive growth potential who have a long term perspective a more exotic market beckons.

Most U.S. retailers make their first international foray in contiguous markets such as Canada or Mexico for obvious reasons. However, for those interested in massive growth potential who have a long term perspective a more exotic market beckons.

April 9, 2014

Average spending per person is forecast to decline this Easter despite pent up demand from a long cold winter, according to new consumer research from the National Retail Federation.

Average spending per person is forecast to decline this Easter despite pent up demand from a long cold winter, according to new consumer research from the National Retail Federation.

March 25, 2014

A severe winter may have affected sales results for many retailers, but Five Below saw improving trends as it weathered the fourth quarter.

A severe winter may have affected sales results for many retailers, but Five Below saw improving trends as it weathered the fourth quarter.

Net sales increased by 22% to $212 million from $173.6 million in the prior-year quarter, which consisted of 14 weeks. Comparable-store sales increased by 0.3% on a 13-week basis.

The company ended the quarter with 304 stores in 19 states, an increase of 25% from the end of the prior-year quarter.

October 21, 2013

Sports Authority is trying out a new store format in its first-ever store in Puerto Rico. The 35,000-sq.-ft. location in Ponce opened its doors Saturday, Oct. 19.

Sports Authority is trying out a new store format in its first-ever store in Puerto Rico. The 35,000-sq.-ft. location in Ponce opened its doors Saturday, Oct. 19.

The company describes the new format as an intuitive one that allows consumers to easily find exactly what they need. Featuring specialty sport shops and a spacious layout, the store has been designed specifically to enhance the shopping experience.

October 7, 2013

The Asia-Pacific Economic Cooperation (APEC) organization’s CEO Summit is winding down in Bali, Indonesia and Walmart Asia CEO Scott Price used the event as a platform to share progress the company has made on a variety of fronts.

The Asia-Pacific Economic Cooperation (APEC) organization’s CEO Summit is winding down in Bali, Indonesia and Walmart Asia CEO Scott Price used the event as a platform to share progress the company has made on a variety of fronts.

Price, who serves as chairman of the National Center for APEC, was among a roster of high level business executive and global political leaders to attend the event which ran from October 1-8. Notably absent was U.S. President Barack Obama who had canceled his visit at the last minute due to the U.S. government shutdown.

September 9, 2013

Five Below saw solid performance across most of its categories, resulting in a comparable store sales increase of 6.6% for the second quarter ended Aug. 3 and net sales of $117.1 million, a 34.9% jump from $86.8 million in the prior-year quarter.

PHILADELPHIA — Five Below saw solid performance across most of its categories, resulting in a comparable store sales increase of 6.6% for the second quarter ended Aug. 3 and net sales of $117.1 million, a 34.9% jump from $86.8 million in the prior-year quarter.

The company opened 18 new stores and ended the quarter with 276 stores in 19 states. This represents an increase in stores of 22% from the end of the second quarter of fiscal 2012. 

August 8, 2013

Gap Inc. continues to enjoy momentum at its namesake Gap stores and Old Navy units which pushed total company results up 8% to nearly $3.9 billion.

Gap Inc. continues to enjoy momentum at its namesake Gap stores and Old Navy units which pushed total company results up 8% to nearly $3.9 billion.

Results were strongest at Gap and Old Navy stores where comps increase 6% while Banana Republic comps declined 1%.

“We are pleased with our second quarter performance overall, and we’re focused on continuing our momentum as we move into the second half of the year,” said Glenn Murphy, chairman and CEO of Gap Inc.

July 18, 2013

Average spending per school age child is expected to decline this year from 2012 levels, according to the National Retail Federation, setting the stage for heightened competition in an already intensely competitive seasonal selling period.

Average spending per school age child is expected to decline this year from 2012 levels, according to the National Retail Federation, setting the stage for heightened competition in an already intensely competitive seasonal selling period.

NRF said spending per child in grades K-12 would decline to $634 in 2013 compared to $688 last year and spending per college student would decline to $836 from $907. The trade group forecast total K-12 spending of $26.7 billion and total back-to-college spending of $45.8 billion for a combined market size of $72.5 billion.

June 21, 2013

The experience of air travel has declined over the years, but the retail experience at airports has consistently been elevated as retailers look for new opportunities, such as this newly renovated Tom Bradley International Terminal, featuring 19 retail stores, at the western gateway to the U.S.

EAST RUTHERFORD, N.J. — The experience of air travel has declined over the years, but the retail experience at airports has consistently been elevated as retailers look for new opportunities, such as this newly renovated Tom Bradley International Terminal, featuring 19 retail stores, at the western gateway to the U.S.

May 23, 2013

Eddie Bauer first ascent guide Melissa Arnot summited Mt. Everest for the fifth time, the most of any woman in history. Arnot's celebratory summit falls only weeks after the 50th anniversary of the 1963 expedition outfitted by Eddie Bauer.

BELLEVUE, Wash. — Eddie Bauer first ascent guide Melissa Arnot summited Mt. Everest for the fifth time, the most of any woman in history. Arnot's celebratory summit falls only weeks after the 50th anniversary of the 1963 expedition outfitted by Eddie Bauer that marked the first American summit of the mountain by Jim Whittaker and his Sherpa partner, Nawang Gombu, and later by Tom Hornbein and Willi Unsoeld via the West Ridge.

May 14, 2013

Teen discounter Five Below increased its first quarter profit forecast as sales for the period increased 33% to $95.6 million and same store sales advanced 4.2%.

PHILADELPHIA — Teen discounter Five Below increased its first quarter profit forecast as sales for the period increased 33% to $95.6 million and same store sales advanced 4.2%.

May 7, 2013

The sun shined favorably this month on PriceSmart, which operates 31 warehouse clubs in 12 countries and one U.S. territory. For the month of April 2013 net sales increased 11% to $176 million from $159 million in April a year earlier.

SAN DIEGO, Calif. — The sun shined favorably this month on PriceSmart, which operates 31 warehouse clubs in 12 countries and one U.S. territory.

For the month of April 2013 net sales increased 11% to $176 million from $159 million in April a year earlier. For the eight months ended April 30, net sales increased 11% to $1,484 million from $1,337 million for the eight months ended April a year earlier. There were 30 warehouse clubs in operation at the end of April 2013 and 29 warehouse clubs in operation at the end of April 2012.

May 2, 2013

Build-A-Bear Workshop reported increased net income and sales the first quarter of 2013 compared to the same quarter a year earlier, despite closing some stores. The retailer’s adjusted net income rose to $2.3 million, compared to an adjusted net loss of $500,000 in the first quarter of last year.

ST. LOUIS — Build-A-Bear Workshop reported increased net income and sales the first quarter of 2013 compared to the same quarter a year earlier, despite closing some stores. The retailer’s adjusted net income rose to $2.3 million, compared to an adjusted net loss of $500,000 in the first quarter of last year.

Consolidated net retail sales were $102.9 million with 24 fewer stores compared to $95.2 million in the first quarter of 2012, an increase of 8% excluding the impact of foreign exchange. Consolidated same-store sales increased 10.4%.

May 1, 2013

Publix posted first quarter sales of $7.5 billion, representing a 6.1% increase. The Easter holiday in the first quarter of 2013, which was in the second quarter of 2012, increased sales by approximately 1.3%, the grocer noted.

LAKELAND, Fla. — Publix posted first quarter sales of $7.5 billion, representing a 6.1% increase. The Easter holiday in the first quarter of 2013, which was in the second quarter of 2012, increased sales by approximately 1.3%, the grocer noted. 
 
Comparable-store sales for the first quarter of 2013 increased 3.9%.
 

April 30, 2013

The timing of the New Year and Easter holidays negatively affected Office Depot’s first quarter sales which declined 5% to $2.7 billion and led to a $17 million loss compared to a profit of $41 million in the first quarter of 2012.

BOCA RATON, Fla. — The timing of the New Year and Easter holidays negatively affected Office Depot’s first quarter sales which declined 5% to $2.7 billion and led to a $17 million loss compared to a profit of $41 million in the first quarter of 2012. 
 

April 25, 2013

Walmart and other retailers are facing renewed criticism over their global sourcing practices following another factory disaster in Bangladesh.

Walmart and other retailers are facing renewed criticism over their global sourcing practices following another factory disaster in Bangladesh.

Reuters is reporting that a block of garment factories and shops collapsed in Savar, 20 miles outside Dhaka, on Wednesday, killing 251 people and injuring more than a thousand. According to the report, an unknown number of the more than 3,000 people who work at the factory remain trapped inside. For more information, go to:

April 9, 2013

Tuesday Morning Corp. said total sales for the third quarter ended March 31 increased 3.1% to $178.1 million, from $172.7 million in the year-ago period.

DALLAS — Tuesday Morning Corp. said total sales for the third quarter ended March 31 increased 3.1% to $178.1 million, from $172.7 million in the year-ago period.

Same-store sales rose 2.8%, boosted by increases in average transaction value and customer traffic. 

For the nine-month period ended March 31, revenue at stores open at least a year increased 3.7% and total sales rose 3.2% to $636.2 million, from $616.4 million.

The company plans to release its full third-quarter results on April 25.

 

 

March 7, 2013

Walmart has launched an online destination on Walmart.com that gives shoppers who want to buy unique and interesting products the opportunity to do so while supporting small women-owned businesses around the world.

BENTONVILLE, Ark. — Walmart has launched an online destination on Walmart.com that gives shoppers who want to buy unique and interesting products the opportunity to do so while supporting small women-owned businesses around the world. At launch, Empowering Women Together will offer shoppers more than 200 items from 19 businesses in nine countries.

February 6, 2013

Business-to-consumer e-commerce sales in 2012 grew 21.1% to top $1 trillion for the first time, according to new global estimates by research firm, eMarketer.

Business-to-consumer e-commerce sales in 2012 grew 21.1% to top $1 trillion for the first time, according to new global estimates by research firm, eMarketer. 

The firm predicts that 2013 will be even better, with e-commerce sales up 18.3% to $1.298 trillion worldwide, on the strength of the Asia-Pacific market. 

February 5, 2013

American Eagle Outfitters has agreed to a mutual termination of its license agreement in China, Hong Kong and surrounding markets with Dickson Concepts (International) Limited.

PITTSBURGH — American Eagle Outfitters has agreed to a mutual termination of its license agreement in China, Hong Kong and surrounding markets with Dickson Concepts (International) Limited. Consistent with its long-term global expansion strategy and the importance of this market, the company took the opportunity to exit its agreement and will assume operation of six existing stores in China and Hong Kong.

August 24, 2012

Fred’s reported that net income for the quarter ended July 28 rose 19% to $6.1 million, compared with $5.1 million in the year-ago period.

MEMPHIS — Fred’s reported that net income for the quarter ended July 28 rose 19% to $6.1 million, compared with $5.1 million in the year-ago period.

Sales rose 4% to $470.8 million from $452.7 million, and same-store sales dipped 1%.

Profit results missed Wall Street expectations, and the discounter has lowered its full-year earnings forecast.

August 15, 2012

Friday promises to be a big day in Wasilla, Alaska, as the town receives the distinction of being the location of the 5,000th AutoZone store.

Friday promises to be a big day in Wasilla, Alaska, as the town receives the distinction of being the location of the 5,000th AutoZone store.

A presentation and ribbon cutting ceremony to be held Friday afternoon will be attended by U.S. Senator Lisa Murkowski (R-Alaska), and Wasilla Mayor Verne Rupright along with the Wasilla Chamber of Commerce board of directors.