Corporate Governance

Big and tall retailer finds fit with DXL format
Destination XL Group is seeing strong same store sales growth from its stores branded as DXL as it continues to shift away from the smaller footprint Casual Male concept.

Destination XL Group, which bills itself as the largest omnichannel specialty retailer of big and tall men's apparel, said its total same store sales increased 3.1%, but its 137 DXL stores open for more than 13 months grew comps 8.9%.
Walmart eases product content conversion
Meeting Walmart’s product information requirements is not always easy for its suppliers, but the retailer is providing a new option that may make things a little simpler.

Walmart is integrating with product content technology provider Shotfarm. Walmart suppliers can now use the Shotfarm Switch Marketplace platform to directly connect with the retailer. This means suppliers can work with requirement such as the Walmart Spec program, which details the required, recommended, and optional data attributes suppliers must provide for their products.

Report: Google eyes e-commerce platform

Google is reportedly looking to beef up its professional apps offering by purchasing a well-known provider of hosted online retail services. According to Re/Code, Google is considering purchasing Shopify. The Canadian provider of cloud-based e-commerce tools is a public company valued at $2.25 billion. [Re/Code]
New York & Company in outlet overdrive

Specialty apparel retailer New York & Company plans to convert even more of its nearly 500 stores to an outlet format following a strong finish to the year.
Trendspotting: Skyline Signs Tell the Tale (And SPECS Show Wrap-Up)

This week I’d like to discuss the re-emergence of skyline signs, but first allow me to offer a quick thank you to the entire Chain Store Age and SPECS Show teams for executing a trade show I won’t soon forget.

Of course, I’m talking about last week’s show at the beautiful Hilton Anatole in Dallas, #SPECS2016.
Ross Stores names Bernie president, not that Bernie

Leading off price apparel retailer Ross Stores is feeling the “Bern,” and named long time merchant Bernie Brautigan to the role of president of merchandising.

Brautigan previously served as Ross Stores’ group executive vice president of merchandising since 2014. He will continue to report to Ross CEO Barbara Rentler in his new role and be responsible for the ladies apparel businesses, children's, shoes, and accessories.
Ross Stores on the move in California

Ross Dress for Less opened a new store North El Centro, California on March 5. The opening is part of the retailer’s 2016 expansion program, totaling about 70 new locations during the year.

The 26,000- sq.-ft. store is located at Centro Commons, 11 miles north of the California-Mexico border, at the intersection of Imperial Avenue and Cruickshank Drive. With this location, Ross operates 277 stores in California, its largest state.
This retailer thinks 2016 could be a difficult year

Cato Corp., just delivered its highest earnings in company history and sales topped $1 billion, but chairman, president and CEO John Cato said the road ahead could be rocky.

Cato, operator of 1,372 stores in 32 states, said its fourth quarter sales increased 4% to $247.3 million and same-store sales increased 1%. Full year sales increased 2.4% to slightly exceed $1 billion, but the addition of 31 new stores was the primary driver of full year growth as same-store sales were flat.
Guess plans dramatic growth by 2019

The combination of an unspecified number of new stores, e-commerce and same store sales growth will enable Guess Inc., to surpass annual sales of $3 billion in three years, according to new CEO Victor Herrero.

Guess ended its most recent fiscal year with total sales of roughly $2.2 billion, but CEO Victor Herrero, who joined the company last July from Inditex, believes the company can add $800 million in worldwide volume in the next three years, despite sales and profit declines last year.
Ulta Beauty sizzles; to open 100 stores

Ulta Beauty is on fire — offline and on.

The specialty beauty retailer plans to open 100 new stores in 2016 while also pursuing new merchandising initiative to enhance the productivity of existing locations.
SPECS Exclusive: Tablets unlock store development potential

More powerful than a smartphone and more portable than a laptop, tablet computers offer retail design and construction professionals some unique opportunities.

In a session at Chain Store Age’s SPECS 2016 conference at Hilton Anatole in Dallas, March 13-15, “Tablets Unlocked,” Bart Waldeck, CMO and senior VP of product strategy for Tango, identified the top five opportunities tablets offer the store development process.
Ross Stores names veteran merchant as merchandising president

Leading off-price apparel retailer Ross Stores has named long time merchant Bernie Brautigan to the role of president of merchandising.

Brautigan previously served as Ross Stores’ group executive vice president of merchandising since 2014. He will continue to report to Ross CEO Barbara Rentler in his new role and be responsible for the ladies apparel businesses, children's, shoes, and accessories.