Strategy

Atlanta – Home furnishings retailer Havertys is on a roll. Sales for the second quarter of fiscal 2015 increased 7% to $187.7 million from $175.1 million a year earlier, and the company plans to open a new store in Fort Lauderdale, Florida, in the third quarter.  

Same-store sales for the quarter increased 4.8%. Total written sales increased 5% and written same-store sales increased 2.4%. Havertys also plans to complete two store renovations in the third quarter.
 

The menswear market is hot. Men’s apparel sales in the United States rose 2% in 2014 to $61.3 billion, up from $60.8 billion in 2013.

And Men’s Wearhouse — one of North America’s largest menswear specialty retailers with 1,758 stores — has been taking note.

Sally Beauty is embarking on a broad initiative to update and evolve its brand by teaming up Lifetime's Emmy-nominated show, Project Runway.

Target Corp.’s Bullseye blog has posted a Q&A with the company’s new chief information officer, Mike McNamara. The British native arrived at Target in February 2015, after 15 years with Tesco PLC.

Here is the Bullseye Q&A with McNamara:

Lowe's is doing all the right things when it comes to customer satisfaction, according to J.D. Power's 2015 Appliance Retailer Satisfaction Study.

The study, now in its eighth year, measures customer satisfaction with appliance retailers by examining seven factors (in order of importance): sales staff and service; store facility; price; delivery service; sales and promotions (new to the study); merchandise; and installation service. Satisfaction is measured on a 1,000-point scale.

Boise, Idaho – Albertsons Companies Inc., which became the second-largest grocery retailer in the United States after purchasing Safeway in January, is planning to return to public ownership with a major stock offering that has implications for trading partners and competitors.

Paris – Luxury retail group LVMH has re-appointed AT&T as its global supplier for advanced communications services. In a four-year, multi-million-dollar agreement, AT&T will connect more than 4,500 LVMH sites in more than 100 countries.  

Canton, Mass. – Dunkin’ Donuts is making a big expansion effort in the mid-Atlantic area.

The coffee chain has signed multi-unit store development agreements with seven franchise groups to develop 51 new restaurants in Virginia and West Virginia during the next several years.

The seven franchise groups and their development plans include: