Strategy

Francesca’s says its fourth quarter financial results show that the retailer's growth initiatives are bearing fruit, as the company posted a big jump in same-store sales over the holidays.

For the fourth quarter and fiscal year ended Jan. 30, same-store sales at Francesca's increased 11%. Net sales increased 25% to $134.6 million from $107.6 million in the prior year quarter.Net income totaled $14.7 million, or 35 cents diluted earnings per share, compared to $6.0 million, or 14 centsdiluted earnings per share, in the comparable prior year period.

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Three Schnucks St. Charles County stores will unveil freshly remodeled interiors prior to the Easter holiday this weekend, the company announced Tuesday. Upon entering, customers will notice improved lighting, clean lines and new décor.

Target Corp. has reached an important milestone in its journey to launching a new retail accelerator in partnership with Boulder, Colorado-based start-up accelerator Techstars.

Target initially announced the new accelerator, expected to launch in June 2016, last October. The retailer has now closed the application process, after receiving applications from more than 500 technology start-ups in 45 countries and 32 states. Ideas submitted include connected toys and virtual fitting rooms.

Brick-and-mortar retailers are on notice – shifting customer demographics will require far-reaching redesign of the physical store by 2025.

According to a new study from technology market intelligence firm ABI Research, millennials are driving a revolution in how stores use technology to provide a shopping experience.

Francesca’s says its fourth quarter financial results show that the retailer's growth initiatives are bearing fruit, as the company posted a big jump in same store sales over the holidays.

For the fourth quarter ended Jan. 30, same store sales at Francesca's increased 11%. Net sales increased 25% to $134.6 million from $107.6 million in the prior year quarter. Net income totaled $14.7 million, compared to $6 million in the comparable prior year period. 

Ethnic grocery chain H Mart is expanding its partnership with Instacart nationally.

Lyndhurst, New Jersey-based H Mart, which operates more than 45 U.S. and Canadian stores, specializes in Asian grocery products. H Mart is now offering Instacart deliveries in as little as one hour to consumers in Philadelphia. Coming soon, the retailer will also offer Instacart services in markets including Orange County, Washington, D.C., suburbs, Atlanta, Chicago suburbs, Los Angeles, and Houston. Instacart prices will match H Mart in-store prices.