Content about Newsletter: Retail News Talk

August 6, 2012
Ingles Markets' new store receives Energy Star certification

Ingles Markets’ new store in Mills River, N.C., has received an Energy Star certification from the U.S. Environmental Protection Agency (EPA) that recognizes the energy efficiency of the store’s design.

July 12, 2012
Former Bloomingdale CEO Marvin Traub dead at 87

Marvin S. Traub, Bloomingdale’s president and CEO for 22 years, died Wednesday at age 87.

May 29, 2012
Epicor to acquire assets of Cogita Holdings Ltd.

Epicor Software Corp., announced it has entered into an agreement to acquire substantially all of the operating assets and intellectual property of New Zealand-based partner Cogita Holdings Limited.

June 9, 2011
Express, King of Prussia, Pa.

Express is launching a store design concept created by the hot Japanese design firm Wonderwall.

June 9, 2011
Men's Wearhouse Q1 profit doubles, beats Street

Men's Wearhouse reported Wednesday that its net income more than doubled in the first quarter, rising to $27.2 million from $13.6 million in the year-ago period.

June 9, 2011
Report: Two firms team up for BJ’s buyout bid

Two private equity firms are teaming up to make a bid to purchase BJ’s Wholesale Club, the New York Post reported.

June 9, 2011
Report: Wal-Mart to triple wholesale locations in India in 2011

A Wednesday report by Bloomberg said that Wal-Mart Stores, in its joint venture with Indian company Bharti Enterprises, plans to triple its wholesale outlet locations in India this year.

June 9, 2011
Target details $100 billion goal at annual meeting

Target ended its last fiscal year with sales of $67.4 billion and earnings per share of $4, but if company chairman, president and CEO Gregg Steinhafel has his way, within six or seven years earnings per share will double to $8 and sales will top $100 billion.

June 9, 2011
Top 10 countries for retail expansion

Brazil jumped to first place in A.T. Kearney’s annual ranking of the top developing economies for global retail expansion, followed by Uruguay and Chile respectively.

June 8, 2011
BJ’s uses Keynote to load test and monitor its website

Keynote Systems, which provides Internet and mobile cloud monitoring, announced that BJ’s Wholesale Club is using various Keynote solutions for optimizing the performance of its website.

June 7, 2011
Aeropostale selects NGC's supply chain management system

NGC said Tuesday that Aeropostale has selected its supply chain management software as the retailer’s international supply chain management system.

June 7, 2011
Liz Claiborne to close distribution center

A report by the Dayton Business Journal said that the Liz Claiborne distribution center in West Chester, Ohio, will close within the next year.

June 7, 2011
Talbots swings to profit in Q1, but cuts outlook

The Talbots reported Tuesday that first-quarter profit was $739,000, compared with a loss of $4.4 million in the year-ago period.

June 7, 2011
Wal-Mart control to tip to Waltons

A $15 billion share buyback program, unveiled earlier in June, will allow Wal-Mart Stores’ founder Sam Walton’s descendants to see their stake in the chain edge up above 50%.

June 6, 2011
Hartstrings files Chapter 7

Children's clothing retailer Hartstrings L.L.C., owned by Maryland private-equity firm American Capital L.P., has declared Chapter 7 bankruptcy.

June 6, 2011
Manhattan Associates recognized for providing Macy's with supply chain solutions

Manhattan Associates was honored as the "Best Third Party Provider" at the Voluntary Interindustry Commerce Solutions Association Awards, for its strategic thinking and leadership that has resulted in high-impact supply chain practices and partnerships.

June 3, 2011
Wal-Mart CEO outlines priorities at annual meeting

Wal-Mart Stores on Friday kicked off its annual shareholders meeting by announcing a $15 billion stock buyback that will replace a previous $15 billion repurchase plan begun a year ago.

June 3, 2011
Walmart Express set to open

Wal-Mart will debut its Walmart Express format on June 8, in Gentry, Ark. The 15,000-sq-.ft.-store will sell many of the product categories that a traditional Walmart carries, from general merchandise to consumables.

June 2, 2011
Charming Shoppes Q1 profit surges on cost-cutting

Charming Shoppes said Thursday that its first-quarter net income more than quintupled, but its revenue was flat and the profit rise was driven largely by cost cutting.

June 2, 2011
Jones Group acquires European luxury footwear retailer

The Jones Group has acquired Kurt Geiger, Europe's largest luxury shoe retailer from Graphite Capital, a leading United Kingdom mid-market private equity firm, for approximately $350 million in cash, inclusive of debt acquired.

June 2, 2011
Pier 1 Q1 sales up, raises earnings forecast

Pier 1 Imports said Thursday its same-store sales rose 10.2% in the first quarter, helped by better traffic, more purchases being made and a higher average receipt.

June 2, 2011
Report: Buyout firm in talks with Borders

Private equity firm Gores Group is in talks to buy more than half of Borders Group's remaining stores, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

June 2, 2011
Retailers turn in mixed results for May; Costco, Macy’s and Saks shine

A sluggish economy, cool weather and high prices at the pump tempered retail sales in May, as retailers reported mixed results for the month.

June 2, 2011
Starbucks acquires full ownership of select stores in China

Starbucks Corp. announced it has acquired full ownership of Starbucks stores in the China provinces of Guangdong, Hainan, Sichuan, Shaanxi and Hubei in an agreement with Maxim’s Caterers Ltd., the coffee company’s joint-venture partner.

June 1, 2011
JoS. A. Bank Q1 profit up 13%

JoS. A. Bank Clothiers said Wednesday that its first-quarter net income increased 12.7% to $17.8 million, compared with $15.8 million in the prior year.

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