Marketing

An early Easter helped Stein Mart post an impressive 7.9% boost in same store sales for the first quarter.

Stein Mart reported sales of $244.4 million for the nine weeks ending April 4, a 10.6% increase over that period the year before. The sales growth was especially strong in March, according to the release.

The company reported $155.8 million in sales for the five weeks ending April 4, a 14.2% increase over that time the year before. Same store sales were up 11.2% for March. 

Jackson, Miss. – Newk’s Eatery is planning franchise growth in new markets stretching across the South. Expansion will occur in markets including Savannah, Georgia and Orlando, Florida, to Lubbock and Midland-Odessa, Texas, with Washington, D.C, Richmond and Norfolk/Virginia Beach, Virginia, Indianapolis, St. Louis and Oklahoma City in between.

Goleta, Calif. – Deckers Brands has appointed Wendy Yang as Teva brand president, effective May 1. In this role, Yang will design and lead Teva's global brand strategy and report directly to Dave Powers, president of Deckers Brands.  

Camp Hill, Pa. – Rite Aid Corp. beat Wall Street expectations with soaring profit in the fourth quarter of fiscal 2014. The retailer reported net income of $1.83 billion, exponentially larger than net income of $55.4 million in the same quarter a year earlier.

A favorable tax asset valuation drove the substantial profit growth. Revenues rose 4% to $6.8 billion from $6.6 billion, mostly due to a same-store sales increase of 4.5%.

Staples is getting into the “Shark Tank” to attract more small business owners to its stores by teaming up with ABC’s popular TV show.

The retailer will sponsor debut products from inventors on ABC’s “Shark Tank” television show and on Staples.com and in select Staples stores. The successful entrepreneurs behind the products will be featured during three episodes of ABC’s “Shark Tank” starting April 10.

More and more consumers are motivated by loyalty programs than ever before, according to the 2015 Bond Brand Loyalty Report.

Bond Brand Loyalty’s fifth annual study shows consumers overwhelmingly agree that loyalty programs are worth the effort.

A 38-year Kroger employee who started out in the company bagging groceries at a Cincinnati area store has been promoted to president.

Walmart is beginning to raise wages for workers in several states as part of its employee initiative for fiscal 2015.

Japanese retailer Uniqlo's U.S. expansion is picking up speed as the company prepares to open its first-ever stores in the Seattle, Denver and Washington, D.C.

New York -- Rising rents and increased online competition have claimed one of downtown Manhattan’s most iconic retail stores, Pearl River Mart in SoHo. The Chinese department store, which opened its doors in 1971, will close at the end of its current lease in December.