Corporate Governance

Burlington Stores says a big decline in cold weather apparel led same-store sales to be mostly flat over the holiday season.

Tom Kingsbury, president and CEO at Burlington Stores, said: “While we are pleased with the strong response to our gift assortments especially in fragrances, bath and body and home, these increases have been offset by headwinds affecting our cold weather assortments, especially in coats and outerwear. Accordingly, we now expect comparable store sales to be approximately flat for the fourth quarter.”

Catering to a tech-savvy millennial shopper base, specialty retailer Zumiez Inc. cannot afford to offer a Gen X-style customer experience.

To meet customer expectations of being able to purchase goods anytime, anywhere, via any mix of channels they choose, Zumiez needed a flexible, customer-focused platform. In 2015, Zumiez ran a multi-store pilot of the Starmount Customer Engagement suite platform.

Warm weather, as well as layoffs in the oil and gas industry hindered sales Boot Barn during the holiday quarter.

Boot Barn announced preliminary results for the third quarter ended Dec. 26 as follows:

• Preliminary net sales increased 49% to approximately $194 million;

• Opened 5 new stores and completed the rebranding of 19 Sheplers stores;

Photo: Jerry Azarkman, president of Star World

Another batch of retailers released holiday results this week and provided further evidence that an unusual blend of economic factors and evolving shopping behaviors made for a strange holiday season.

Sportsman’s Warehouse is expanding its operations.

The company will open three new stores, with locations in Prescott, Arizona; Rock Springs, Wyoming; and Gillette, Wyoming. The stores, which will feature the retailer’s small format model, will open in the summer of 2016.

The Prescott store will be Sportsman’s Warehouse’s sixth store in Arizona, while the two Wyoming stores will bring the number of the chain’s locations in the state to four.

After years of hard work and success, Amazon.com has finally gained admittance to an elite Ivy League campus.

Amazon plans to open Amazon@Penn, a new staffed package pickup point to be opened on the University of Pennsylvania campus. The first such facility at an Ivy League university, Amazon@Penn will offer a location for Penn students to pick up and return their Amazon orders.

Newport News, Va. -- Inland Real Estate Income Trust announced the acquisition of the approximately 210,000-sq. ft. Marketplace at Tech Center, a newly constructed grocery-anchored power center, in Newport News, Virginia. Mark Cosenza, VP of Inland Real Estate Acquisitions facilitated the purchase of the property on behalf of Inland Income Trust.