Strategy

By Craig Rowley, [email protected]

New York City -- Whole Foods Market plans to open a store in Virginia Beach, Va.

The retailer recently signed a lease with S.J. Collins Enterprises for the construction of a 40,000-sq.-ft. store in the Hilltop section of Virginia Beach. It is scheduled to open by yearend 2013.

AUSTIN — While the White House may be working with several retailers to combat so-called food deserts, those who can afford to spend more on their grocery bill are doing just that, helping to drive up profits at Whole Foods.

The company reported that its third-quarter profit rose 35% to $88.5 million, compared with $65.7 million in the year-earlier period.

NEW YORK — Liz Claiborne, the parent company behind such premium brands as Juicy Couture, Kate Spade and Lucky Brand, department store-based brands including Kensie and the licensed DKNY Jeans and DKNY Active brands and its own retail brands, reported second quarter net sales of $556 million, an increase of 3.5% from the second quarter last year. 

Lowe’s home improvement stores, in partnership with General Electric (GE), will introduce an electric vehicle charging station for home or commercial use at five California stores this August. Following the California introduction, the E WattStation will be available to 60 total stores in September, Lowe’s said, and nationwide through Lowes.com.

ROME — Gap Inc. announced that it will open its first Gap flagship store in Rome on Via del Corso, the city’s premier shopping district. The company said it expects to open the store on July 30.

JAMESTOWN, N.Y. — Kathy Ireland has put her name on a new line of office furniture for Bush Furniture. The Kathy Ireland Office line will be available in retail stores as early as this fall.

Each of the four collections in the line - New York Skyline, Volcano Dusk, Sonnet and Grand Expressions – includes coordinated home office furnishings and storage accessories, creating a complete work-and-play environment for people in business and their families. 

WASHINGTON — The National Retail Federation announced that it is urging Congress to reach an agreement and raise the debt ceiling in order to avoid default.

NRF president and CEO Matthew Shay issued the following statement:

NAPERVILLE, Ill. — OfficeMax is following Toys"R"Us' lead and adding e-readers to its product offerings. The retailer announced that it will sell Barnes & Noble Nook and Nook Color e-readers at all OfficeMax stores and OfficeMax.com starting July 30.

New York City -- A Thursday report by Crain’s New York Business said that Lord & Taylor has signed a two-year contract with Green Mountain Energy Co. to provide the department store retailer with 100% of its electricity needs at two stores, including the Fifth Ave. flagship location.

The move has garnered the attention of the Environmental Protection Agency, which places Lord & Taylor, effective August, as No. 17 on the its Green Power Partnership list of Top 20 retailers embracing clean energy.