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Strategy

  • Kohl’s confirms test of off-price store in Cherry Hill, New Jersey

    Menomonee Falls, Wis. -- Kohl’s Corp. confirmed reports that it will soon begin testing a highly discounted format, called "Off Aisle by Kohl’s,” with a store set to open in early June in Cherry Hill, New Jersey.

  • Domino’s Pizza now taking orders via tweet — with pizza emoji

    Ann Arbor, Mich. -- Domino's Pizza is debuting a new ordering option that combines two new-to-the-world innovations — ordering via tweet and ordering via emoji, specifically the pizza emoji. The ordering platforms launched on Wednesday throughout the United States.

    Domino's is the first brand to use an emoji on Twitter to place and complete an order.

  • Nordstrom Rack planned for La Jolia, California

    Seattle -- Nordstrom plans to further expand its San Diego County presence with the addition of a Nordstrom Rack at The Shops at La Jolla Village in La Jolla, California.

    The approximately 32,000-sq.-ft. store is scheduled to open in fall 2016. The property is owned by Alecta Real Estate USA, LLC. When it opens, it will be the fifth Nordstrom Rack in the San Diego area and about one mile west of Nordstrom at University Towne Centre.

  • Survey: Medical cost inflation, financial issues greatest risk concerns for retail industry

    Hartford, Conn. -- Cyber risks, medical cost inflation, and legal liability are among the top concerns for American businesses of all sizes, according to results from the second annual Travelers Business Risk Index. The survey polled more than 1,200 business decision makers across the country to better understand what they believe poses the biggest threat to their businesses.

  • American Eagle flying high on strong Q1 profit, sales

    Pittsburgh -- American Eagle Outfitters on Wednesday reported first-quarter net income of $29.1 million, up from $3.9 million a year ago, amid higher sales and fewer promotions. It results beat Wall Street expectations.

    The retailer posted better-than-expected revenue of $699.5 million for the quarter ended May 2, up 8% from $646.13 million a year ago.

    Total same-store sales rose 7%.

  • Staples Q1 profit drops 39%

    Framingham, Mass. -- Staples Inc. reported a 39% decline in first-quarter profit amid declining sales and store closures. The results came as the chain is waiting for regulatory approval of its proposed takeover of rival Office Depot.

    Staples reported a profit of $59 million, down from $96 million a year earlier.

    Revenue slid 6.9% to $5.3 billion. Online sales grew 3%.

    Same-store fell 5% in the quarter. Store traffic was down 2%, and the average order size fell 3%.

  • Lowe’s Q1 profit, sales up but miss Street

    Mooresville, N.C. -- Lowe's Companies reported an increase in profit and sales in the first quarter but its performance in both metrics fell short of Wall Street estimates. The home furnishings retailer reported its results a day after rival Home Depot reported earnings and revenue that topped estimates.

    Lowe’s net income increased 7.8% to $673 million in the quarter ended May 1, from $624 million a year earlier.

    Net sales rose 5.4% to $14.13 billion. Total same-store sales were up 5.2%.

  • Disney opens its largest store in the world, in Shanghai

    Shanghai -- Disney Store has opened its first store — and largest store to date — in Shanghai, China. With 9,257 sq. ft. of shopping space, the flagship also features an outdoor plaza.

    The store has numerous design features unique to Shanghai, which include:

    • A Disney Magic Kingdom Castle, measuring 19 ft. high at the heart of the store, featuring an hourly musical and projection show;

  • Ikea to double size of Midwest distribution center in Illinois

    Conshohocken, Pa. -- Ikea has submitted plans to the city of Joliet, IL for a second distribution center – to accompany the center previously announced and planned to open in summer 2017.

    In February 2015, Ikea advanced the development of its previously approved 1.4-million-sq.-ft. Midwest distribution center on 72 acres of land already purchased in Joliet/ The company is now proposing another, similarly sized facility on 62 acres it hopes to purchase adjacent to the west of the currently planned first building.

  • Smart & Final launches new branding campaign

    Commerce, Calif. -- Smart & Final launched a new branding campaign, which will place the ampersand ("&") -- already in the 144-year old company's name -- front and center to showcase the company's relationship with both its customers and the communities it serves.

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