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Strategy

  • Stuart Weitzman grows executive team to support growth

    New York -- Stuart Weitzman said Thursday that it has promoted Susan Duffy from senior VP global marketing to the position of chief marketing officer, as part of the luxury retailer’s plan for new market expansion.

    As CMO, Duffy is charged with leading marketing, advertising, public relations and social media to ensure the branding message is consistent across all worldwide communications platforms.

  • Kohl’s profit inches up 2%; expects higher holiday sales

    Menomonee Falls, Wis. -- Kohl's Corp. on Thursday reported stronger-than-expected third quarter profit of $215 million, up from $211 million in the year-ago quarter. But the chain gave a profit forecast that missed Wall Street's expectations.

    Sales increased 2.6% to $4.49 billion from $4.38 billion in the year-ago period. Same-store sales rose 1.1%.

  • Customer Growth Partners forecasts sluggish 2.8% rise in holiday sales; apparel and accessories strongest categories

    New York -- Holiday sales will reach a record $556.8 billion, a sluggish 2.8% increase from 2011, according to retail consultancy Customer Growth Partners’ 11th annual Holiday Forecast.  

  • Whole Food Q4 profit jumps nearly 50%

    Austin, Texas -- Whole Foods Market Inc. said Wednesday that its fiscal fourth-quarter profit increased nearly 50% on strong sales. The grocer’s company's net income rose to $112.7 million for the period ended Sept. 30, up from $75.5 million a year ago.

    Revenue rose nearly 24% to $2.91 billion, with an extra week in the most recent quarter. Same-store sales were up nearly 9%.

  • Dick’s Sporting Goods announces three new store opening

    New York -- Dick's Sporting Goods Inc. opened three stores, including one relocated store, on Nov. 7. Of the two new stores, one was located at Stoneridge Village, Jefferson City, Mo.; and the other at Spokane Valley Mall, Spokane, Wash. The retailer relocated its N. Springboro Pike store to Dayton Mall, Dayton, Ohio.

    In October, Dick’s celebrated the opening of 17 stores throughout the United States.

     

  • Walmart raises heat on holiday shopping with earlier Black Friday opening, guaranteed deals

    Bentonville, Ark. -- Walmart will opens its stores at 8 p.m. on Thanksgiving Day, two hours earlier than a year ago. The retailer is also guaranteeing shoppers that it will have three of the most popular items it sells if they line up inside the store during a one-hour event that day.

  • Macy's headed into holidays on heels of strong Q3

    CINCINNATI — Macy’s Inc. is well positioned for strong holiday season as it continue to report quarterly sales and earnings growth.

  • MasterCard, ING test mobile payment service in the Netherlands

    PURCHASE, N.Y. and AMSTERDAM — MasterCard and ING Group are testing a new online payment program in the Netherlands. 

    The companies ar testing the ability for customers to use MasterCard's PayPass application on their mobile phone to make a purchase either in store or online.

  • VeriFone Systems, Fujitsu offer enhanced mobile solutions for retailers

    SUNNYVALE, Calif. and SAN JOSE, Calif. — VeriFone Systems and Fujitsu have partnered to offer retailers sophisticated mobile retailing solutions powered by VeriFone GlobalBay and integrated with the Fujitsu GlobalSTORE solution, or as a standalone mobile point of sale.

  • NRF ready to work with Obama

    WASHINGTON — President Obama is back for another term, and whether or not the National Retail Federation supported his re-election, the group said it is ready to work with him on key issues facing the retail industry.

    The National Retail Federation Wednesday released the following statement from President and CEO Matthew Shay on the re-election of President Obama:

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