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Strategy

  • New grocery retailer expanding

    A new retailer aimed at Hispanic customers is expanding its footprint in South Florida.    Fresco y Más on March 8 opened five stores in Miami, and Hialeah, Florida, bringing its total store count to 11 locations. The banner is the latest concept from Southeastern Grocers, parent company of Bi-Lo, Harveys and Winn-Dixie.  

  • Urban Outfitters posts double-digital sales growth in online channel

    Urban Outfitters Inc. ended its fiscal year more or less on target.    The retailer on Tuesday reported net income of $64.3 million, or 55 cents a share, just one cent shy of analysts’ estimates, and down from $72.9 million, or 61 cents a share, in the year ago period.   Total net sales rose 2% to $1.03 billion, matching Street forecasts.  

  • Walgreens looks to speed up Rite Aid merger

    Walgreens Boots Alliance is considering a move that would force the Federal Trade Commission to vote on its planned merger with Rite Aid within 30 days.   Walgreens is considering declaring that it has “certified compliance” in its application, which would mean that the drugstore chain believes it has given regulators substantially all the information they need to make a decision, The New York Post reported.

  • Casual dining chain jumps into online ordering game

    Cracker Barrel Old Country Store’s mission is to “keep things simple and please people.” The same holds true when it comes to helping customers place orders.   Responding to its visitors’ demand for more convenience and flexibility when placing to-go orders, the chain now features a platform that allows customers to order meals through their smartphones, tablets, laptops and desktop computers.   

  • Nordstrom expanding important employee benefit

    New parents working at Nordstrom are about to get a break.   Starting May 1, the department store retailer will offer up to 12 weeks of fully paid leave to birth mothers, and up to six weeks of fully paid leave to other new parents, the Seattle Times reported.    Nordstrom’s current maternity leave policy is six weeks of disability paid at 60% for birth mothers.

  • Dunkin’ Donuts expanding in the South

    Dunkin’ Donuts is growing its footprint in Alabama and Mississippi.   The chain signed development agreements with two franchise groups to develop 17 locations throughout the two states during the next several years.   Existing franchisee Birmingham Donut Holdings plans to develop nine new Dunkin' Donuts restaurants in Birmingham, Alabama.  The group currently operates 34 restaurants throughout Alabama and Florida.   

  • An upbeat Michaels beats Street

    The Michaels Companies reported better-than-expected earnings for the fourth quarter and also issued an upbeat forecast for 2017.   Michaels reported net income of $193.5 million for the quarter ended January 28, up 6.3% from $183.7 million in the year-ago period.    Net sales increased 4.1% to $1.8 billion, from $1.7 billion in the year-ago period. The company attributed the increase largely to its February 2016 acquisition of Lamrite West and sales from 19 additional stores.  

  • Specialty retailer deploys new platform to improve merchandising, store ops

    The DNA of Altar’d State is based on delivering a distinctive store experience and merchandise offerings, while always “standing out for good” in the world.  

  • Dick’s Sporting Goods details expansion; tops Q4 earnings, sales

    The struggles — and exits — of former rivals has proved a boon for Dick’s Sporting Goods, which reported fourth quarter sales and earnings on Tuesday that beat the Street.       The company also announced aggressive store expansion plans.   

  • Veteran retailer takes control at Land’s End

    Lands’ End has a new person at the top.   Jerome Griffith has officially taken the reins as CEO of the company, and also joined the board of directors. He succeeds Joseph Boitano and James Gooch, who have served as co-interim CEOs since September 2016, when CEO Federica Marchionni was forced out after less than two years amid an ongoing sales slump.  
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