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  • NRF: Retail sales up 2.5% in October

    Washington, D.C. -- Unexpectedly strong retail sales in the month of October point to a good holiday sales season ahead. According to the National Retail Federation, October retail sales, excluding automobiles, gas stations and restaurants, increased 2.5% seasonally adjusted over September, and 4.2% unadjusted from 2012.

  • TCN Worldwide names east regional VP

    Dallas — TCN Worldwide, a consortium of independent commercial real estate firms, has announced the appointment of Luciano D’lorio of Terramont Real Estate Services/TCN Worldwide to regional VP for the eastern region. In this capacity, D’lorio will serve as an advisor to the member firms located within this region and act as a liaison with TCN Worldwide www.tcnworldwide.com corporate headquarters.

  • NRF forecasts 140 million customers over Thanksgiving weekend

    Washington, D.C. -- Up to 140 million people plan to or will shop over this Thanksgiving weekend (Thursday, Friday, Saturday and Sunday), a slight decrease from the 147 million who planned to do so last year. According to a new survey from the National Retail Federation (NRF), Black Friday will be the biggest day of the weekend: 69.1% plan to shop on Black Friday, or approximately 97 million shoppers.

  • Stan Sheetz inducted into Convenience Retailer Hall of Fame

    Chairman of Sheetz Convenience Restaurants, Stan Sheetz, has been inducted into the Convenience Store News Hall of Fame in recognition of his accomplishments in the convenience retail industry. The reception and dinner was recently held at the Hershey Country Club in Hershey, Pa.

    Sheetz received honors for his contributions to U.S. and international business, and his transformation of the company founded by his father Bob Sheetz, from a convenience store into a chain of more than 460 "convenience restaurants."

  • NRF: Holiday gift card spending to reach all-time high

    Washington, D.C. – Eight-in-10 (80.6%) shoppers will purchase gift cards this holiday season, according to the National Retail Federation’s Gift Card Spending Survey conducted by Prosper Insights & Analytics. Holiday shoppers will spend an average of $163.16 on gift cards, up 4.0% over the $156.86 they spent last year and the highest amount in the survey’s 11-year history. Total spending on gift cards will reach $29.8 billion.

  • NRF: More shoppers turning to holiday gift cards

    Eight-in-10 (80.6%) shoppers will purchase gift cards this holiday season, according to the National Retail Federation’s Gift Card Spending Survey conducted by Prosper Insights & Analytics.

    Holiday shoppers will spend an average of $163.16 on gift cards, up 4.0% over the $156.86 they spent last year and the highest amount in the survey’s 11-year history. Total spending on gift cards will reach $29.8 billion.

  • Rite Aid adds Catholic Health Initiatives CEO to board

    Rite Aid has elected president and CEO of Catholic Health Initiatives Kevin Lofton to its board of directors.

    Lofton has worked with the Englewood, Colo.-based operator of hospitals and long-term care centers since 1998 and was appointed as its president and CEO in 2003.

  • Retail imports increase in October

    Import volume at the nation’s major retail container ports grew 6.5% in October over the same month last year despite the government shutdown. Year-over-year increases are expected to continue for the remainder of the year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

  • Peter Chang’s to Virginia Beach center

    Virginia Beach, Va. — Peter Chang’s Chinese Bistro has leased a 6,030-sq.-ft. restaurant space at Landstown Commons in Virginia Beach, Va. Divaris Real Estate represented the landlord, Inland Diversified Real Estate, in the transaction. This will be Peter Chang’s sixth location in the region.

  • Report: Women still underrepresented on retail boards

    Washington, D.C. -- Women account for 18.4% of directors serving on the boards of the world's largest retail and consumer products companies globally, according to the latest Corporate Women Directors International (CWDI) report on Women Board Directors of Top Retail and Consumer Products Companies Globally.

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