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  • Fred's announces new chairman alongside Q4, 2015 results

    Fred’s on Wednesday reported its Q4 and FY2015 earnings, as well as the news that board chairman Michael Hayes would be stepping down, to be replaced with longtime director Thomas Tashjian.

  • Five Below to become newest member of $1 billion club

    Five Below is accelerating new store growth again this year and has shared a long-range profit forecast indicating that the value-oriented teen and tween retailer expects accelerating growth to be a recurring theme.

    A net increase of 71 new stores last year – on top of 62 units the prior year – enabled Five Below to increase sales 23.7% to $326.4 million in the fourth quarter and 22.3% to $832 million during the fiscal year ended Jan. 30. Also contributing to the top line growth was a fourth quarter same store sales increase of 3.6% and a full year increase of 3.4%.

  • Target tests recipe for food growth

    Target Corp.’s partnership with MIT Media Lab and global design firm IDEO is bearing fruit — literally.

  • Macy's names REIT expert to board amid pressure to sell off real estate

    Macy's has added an expert in real estate investments its board as the department store retailer remains under pressure from an activist investor to spin off some of its real estate into a real estate investment trust.

  • Aaron’s makes a difference in D.C., and beyond

    Store managers from 2,000 Aaron’s location gathered in Washington, D.C., for their annual meeting and to participatein a wide range of unique community outreach efforts.

    The giving efforts kicked off with a donation event in which Aaron's donated furniture to 28 apartments for families who have experienced homelessness. This effort supports Washington, D.C., Mayor Muriel Bowser's (pictured above) efforts to ensure safe, dignified housing for all Washingtonians and end homelessness in the District of Columbia.

  • Amazon could prevail in Target non-compete dispute

    Photo: Arthur Valdez

  • Millennials to require omnichannel store reconfiguration

    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.

  • Report: Urban Outfitters going bigger with Anthropologie

    Urban Outfitters is going against the smaller-is-better footprint trend and experimenting with larger-sized stores for its Anthropologie brand.

    The retailer is testing four “ultimate experience” Anthropologie stores, ranging in size from 20,000 sq. ft. to 30,000 sq. ft., Women’s Wear Daily reported.

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