Strategy

H&M to enter India in fall 2015
Stockholm, Sweden – Sweden-based global specialty apparel retailer H&M is planning to open its first store in India in fall 2015. The 25,000-sq.-ft. store will be located in New Delhi.

H&M, which currently operates more than 3,600 stores in 58 global markets, may open as many as 50 new stores in India during the next few years.
Michaels' profit jumps despite exchange rates, weather
The Michaels Companies overcame weak same store sales growth to deliver strong profit growth in the first quarter.

The Texas-based retailer reported that for the first quarter ended May 2 its net income increased to $67 million or 32 cents per share from $47 million or 25 cents per share in the prior-year quarter. Net sales for the quarter grew 2.4% to $1.08 billion from $1.05 billion in the same quarter last year. Same store sales increased by 0.3%.

Sam’s Club, SmartBiz partner on digital lending platform

Bentonville, Ark. - Sam’s Club is partnering with SmartBiz as the exclusive platform for SBA-guaranteed loans for Sam's Club Business Lending Center, a digital platform for small businesses. As a Business Lending Center participant, SmartBiz will provide qualifying Sam's Club business members with SBA loans.
How McMillon is reinventing Walmart

According to Fortune, CEO Doug McMillon may be the best prepared executive to lead the company since Sam Walton.

The magazine details how McMillon is guiding the retail giant in the Age of Disruption.

Read more by clicking here.
Michaels weaves strong profits in Q1

Irving, Texas – Net income at the Michaels Companies Inc. skyrocketed 47% to $67 million in the first quarter of fiscal 2015 compared to $45 million in the same quarter a year earlier. A large drop in interest expense helped fuel strong profit growth.

Net sales climbed 2% to $1.08 billion, from $1.05 billion. Same-store sales rose 0.3%. Michaels said unfavorable weather and a strong U.S. dollar hindered sales growth.
Report: Ahead of meeting, Walmart unveils changes to come

Walmart has unveiled upcoming changes to its website, stores and employee badges ahead of today's shareholders' meeting in Bentonville, Ark.

According to the Northwest Arkansas Democrat Gazette, Walmart execs told a meeting of employees on Wednesday that it plans to spend at least $1.5 billion in upgrades to its e-commerce sites, store design and employee name badges.
Charming Charlie opens New York flagship, will expand globally

New York - Charming Charlie has unveiled its first New York City flagship store. Situated on Fifth Avenue, the flagship is a showcase for the brand's new store concept, and was designed in partnership with Callison Architects.
EntrustRX helps Fred's increase sales

Fred's Super Dollar increased sales in May, one month after joining forces with specialty pharmacy operator EntrustRx.
Marks & Spencer supports enhanced e-commerce site with AT&T

London - Since launching its new website in 2014, Marks & Spencer is giving its customers a more visual, interactive way to shop online. AT&T is providing hosting and application management services to the U.K.-based global department store retailer.
No end in sight for Lands' End sales troubles

Lands’ End Inc. reported profit and sales declines in the first quarter as the retailer grappled with West Coast port delays and headwinds from foreign exchange rates.

H&M to enter India in fall 2015

Michaels' profit jumps despite exchange rates, weather

Sam’s Club, SmartBiz partner on digital lending platform

How McMillon is reinventing Walmart

Michaels weaves strong profits in Q1

Report: Ahead of meeting, Walmart unveils changes to come

Charming Charlie opens New York flagship, will expand globally

EntrustRX helps Fred's increase sales

Marks & Spencer supports enhanced e-commerce site with AT&T

No end in sight for Lands' End sales troubles