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Consumer Affairs & Relations

  • Urban shrink?

    Chain Store Age editor-in-chief Marianne Wilson and I go to great lengths to report new store openings on Chainstoreage.com. We pore through convoluted retail financial statements – sometimes twice daily – to uncover news that a chain has its sights set on even a little net new store growth for the year ahead.

    I reported earlier today that Urban Outfitters, despite a challenging fourth quarter that saw profits cut nearly in half from the year before, was planning as many as 60 new stores in fiscal 2013.

  • Pacific Sunwear Q4 net loss widens

    Anaheim, Calif. -- Pacific Sunwear of Calif. Inc. reported Tuesday that its loss for the quarter ended Jan. 28 widened to $38.1 million, compared with a net loss of $35.2 million a year earlier. Sales dipped 1% to $234.2 million from $237.6 million, missing Wall Street’s expected revenue of $245.9 million.

    PacSun has been in the throes of a right-sizing effort, working to build sales while closing underperforming stores. The company closed 87 stores during fourth quarter and ended fiscal 2011 with 733 stores.

  • Report: Importers prep for uptick in consumer spending

    New York City -- A report released Wednesday by Capital Business Credit said that importers who sell to America's major retailers are preparing for a significant uptick in consumer spending this spring and summer.

  • Safeway tosses Frisby additional responsibilities

    PLEASANTON, Calif. — Safeway has given Steve Frisby, the added responsibility of the company's Seattle division after the exit of the current president, Greg Sparks. Frisby, who joined Safeway in 1972, currently serves as the president of its Portland, Ore., division.

  • Safeway commits to responsibly-sourced paper products

    PLEASANTON, Calif. — In effort to further its commitment to sustainability, Safeway's brand Softly bath and facial tissue and Ultra Thirsty paper towels are now certified by the Forest Stewardship Council and the Rainforest Alliance. 

    Safeway's paper products earned the FSC seal by being produced from fiber sourced from suppliers who have been independently certified to follow the strictest standards in sustainable, ethical forestry management and production chain controls. 

  • SRS Real Estate announces Houston leadership

    Dallas -- SRS Real Estate Partners announced that new leadership in the Houston office has been put in place to help strengthen the firm’s presence throughout central and south Texas.

    Todd Wallace and Robert O’Farrell have been named co-market leaders for the Houston office, focusing on growth via building its retail brokerage team.

    Wallace and O’Farrell currently lead the Austin and newly established San Antonio offices as well. With this leadership change, Wallace and O’Farrell will be leading all the offices.

  • High Gas Prices + Warm Weather = Low Sales?

    Well, 2012 is certainly off to a wild start. While there’s been nothing quite as dramatic and earth shattering as last year’s tsunami in Japan, there are plenty of global events and outside influences affecting our industry. I’m talking about the increases we’re seeing at the gas pumps and the warmer-than-average winter we’ve been experiencing throughout the country.

  • Walmart to move forward with Massmart purchase in South Africa

    JOHANNESBURG, South Africa — A South African regulatory body gave Wal-Mart Stores permission on Friday to move ahead with its $2.2 billion purchase of South African chain Massmart.

    The Competition Appeal Court upheld a ruling last year by the Competition Tribunal, but did require a study to determine a path to protect small producers who might not be able to compete with foreign producers from whom Wal-Mart can import cheaper goods.

  • Wal-Mart to move forward with Massmart purchase in South Africa

    Johannesburg, South Africa -- A South African regulatory body gave Wal-Mart permission on Friday to move ahead with its $2.2 billion purchase of South African chain Massmart.

    The Competition Appeal Court upheld a ruling last year by the Competition Tribunal, but did require a study to determine a path to protect small producers who might not be able to compete with foreign producers from whom Wal-Mart can import cheaper goods.

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