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  • Safeway profits up in Q1, opening more Lifestyle stores

    PLEASANTON, Calif. — Safeway's first quarter net income rose to $81.6 million, from $25.1 million in the year-earlier period. Sales edged up 2.4% to $10 billion, from $9.8 billion last year. Same-store sales were flat.

  • Target finds exclusive tune with Norah Jones

    MINNEAPOLIS — Target is partnering with Norah Jones for a deluxe edition of her fifth studio album, “Little Broken Hearts.” The Target deluxe edition of “Little Broken Hearts” is available now for pre-order at Target.com/NorahJones and will be offered at Target stores nationwide beginning May 1.

  • JCP makes more key appointments

    PLANO, Texas — JCPenney has made a number of key appointments in the areas of real estate, supply chain, communications, marketing and philanthropy.

  • J.C. Penney adds another Apple exec to its team

    Plano, Texas -- On Thursday, J.C. Penney and CEO Ron Johnson announced a new lineup of executive players to join the department store retailer’s team, one of them from the ranks of Apple.

    Benjamin Fay, senior director of retail real estate, design and development for Apple, has been named executive VP real estate, store design and development for J.C. Penney.

  • NRF: FTC should move cautiously on mobile payments

    Washington, D.C. -- The National Retail Federation on Thursday urged the Federal Trade Commission to move cautiously in establishing regulations for mobile payments, and said any rules that are adopted should parallel those for the underlying form of payment and not be specific to the technology.

  • Liz Claiborne 1Q loss narrows, revenue beats

    New York -- Liz Claiborne Inc. reported Thursday that it narrowed its loss in the first quarter to $60.6 million, compared with a $96.3 million loss in the year-ago period. Strong sales of the company’s Kate Spade and Lucky Brands goods strengthened the results.

    Revenue for the period fell 4% to $317.1 million from $330.7 million, but beat Wall Street’s estimated $307.4 million in revenue.

  • Cabela's profit rises a record 62% in Q1

    Sidney, Neb. -- Cabela’s Inc. reported Thursday that net income for the first quarter rose a record 62% to $28.8 million, from $17.8 million last year.

    Revenue increased 6.3% to $623.5 million, and same-store sales increased 4.2%.

    "This strong performance gives us confidence our growth strategy is working and working well," said Tommy Millner, Cabela's CEO.

  • Survey: 32% of retailers use social networks to research job candidates

    Chicago -- Survey results released Thursday by WorkInRetail.com found that about one-third (32%) of retail hiring managers use social networking sites to research job candidates.

    The new survey from WorkInRetail.com – CareerBuilder’s job site for retail professionals, found that of the retail employers who do not research candidates on social media, 16% said their company prohibits the practice. Nine percent report they do not currently use social media to screen, but plan to start.

  • Coyote Management announces new strategic divisions

    Addison, Texas -- Coyote Management has announced the addition of three new strategic divisions -- a Third Party Management Division, Coyote Creative, and MER Interests.

  • T.J. Maxx to open new location at Southbury Plaza

    Southbury, Conn. -- Real estate firm RHYS Commercial announced that T.J. Maxx has signed a long-term lease to open a 22,000-sq.-ft. store at Southbury Plaza, located in Southbury, Conn.

    Southbury Plaza, owned by Gatto Development Corp., is a 300,000-sq.-ft. shopping center anchored by Stop & Shop Supermarket, Kmart and Panera Bread.
     

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