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  • Nordstrom to make greater Milwaukee debut in 2015

    Seattle -- Nordstrom announced plans to open a store at Mayfair, in Wauwatosa, Wis., the largest mixed-use shopping center in the state. Scheduled to open in 2015, it will be the retailer’s first full-line store in the greater Milwaukee area. Mayfair is owned by General Growth Properties.

    The company plans to open an approximately 140,000-sq.-ft., three-level store. Nordstrom will join Macy's, Boston Store, Crate & Barrel and the Apple Store at Mayfair.

  • Bettie Page makes New York City debut

    Las Vegas -- Tatyana Designs opened its first Bettie Page store in New York City, in Manhattan’s Bowery neighborhood. The iconic area has recently become a flashpoint for cutting edge, fashion forward designers.

    "It's perfect for our brand," noted Tatyana Designs co-CEO Jan Glaser. “This is the perfect place for our first store in NYC."

    The new store is the company’s 11th retail location to date.

  • Tanger and Peterson Companies break ground on Tanger Outlets National Harbor

    Greensboro, N.C. -- Tanger Factory Outlet Centers and Peterson Companies announced that construction has commenced on Tanger Outlets National Harbor, located in the National Harbor, the Washington, D.C., area's premier waterfront resort destination.

    Developed by Peterson Companies, National Harbor comprises 350 acres of prime real estate along the scenic Potomac River in Prince George's County, Md. Tanger Outlets National Harbor will feature approximately 80 leading brand name and designer outlet stores.

  • J. Crew profit surges 54% in Q3

    New York -- J. Crew Group reported Thursday that net income for the third quarter rose to $33.2 million, from $21.6 million in the prior year.

    Revenues increased 16% to $555.8 million, and same-store sales increased 10%.

     

  • Kroger profit leaps in Q3, raises forecast

    Cincinnati -- Kroger Co. reported Thursday that net income for the quarter ended Nov. 3 rose to $316.5 million, compared with $195.9 million in the year-ago period.

    Total sales rose 6% to $21.81 billion, beating Wall Street’s expected revenue of $21.55 billion.

    Same-store sales rose 3.2%.

     

  • Barnes & Noble swings to profit in Q3

    New York -- Barnes & Noble reported Thursday net income of $2.2 million for the quarter ended Oct. 27, compared with a loss of $6.6 million in the year-ago period.

    Revenue was nearly flat at $1.88 billion, missing Wall Street’s expected $1.91 billion in revenue.

     

  • Express CEO expresses holiday caution

    Specialty retailer Express said its same store sales for the third quarter ended October 27, declined 5% and profits declined to $17.4 million, or 20 cents a share, compared to $32.7 million, or 37 cents a share.

    Total sales for the period declined 4% to $468.5 million and gross margins contracted to 32.3% of sales from 36.2% of sales the prior year. Expenses increased to 25.1% of sales form 23.6% of sales.

  • Costco gives shareholders a special gift

    Costco will pay a $7 a share special dividend before year end as it looks to return cash to shareholders in advance of what is expected to be a 2013 tax increase on dividend payments.

    The total payout will amount to about $3 billion and is extraordinarily generous. Especially considering Costco’s net cash provided by operating activities for its fiscal year ended September 2, was only slightly more than $3 billion and cash, cash equivalents and short term investments totaled $4.854 billion.

  • Gillette, Green Bay’s Clay Matthews kick off online debate

    BOSTON — Gillette and its brand ambassador and Green Bay Packers Pro Bowl linebacker Clay Matthews have kicked off an online debate forum on Gillette’s Facebook page.

    With the NFL playoffs just around the corner, NFL fans are invited to show their passion and knowledge of the game for a chance to win weekly prizes and a grand prize trip to Super Bowl XLVII.

  • OfficeMax exec appointed to Chicagoland Chamber of Commerce board

    CHICAGO — OfficeMax EVP and president of OfficeMax Workplace John Kenning has been appointed to the board of the Chicagoland Chamber of Commerce.

    The appointment comes just seven months after Kenning joined OfficeMax to lead the retailer’s contract division that was renamed OfficeMax Marketplace earlier this month.

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