Events

Philadelphia — Specialty value retailer Five Below's fourth quarter total sales for the period from October 28, 2012 through January 12, 2013 increased 34% to $158.5 million, while comparable store sales for the same period increased 4.2%.
 
Five Below has proposed a secondary offering of 7,000,000 shares of its common stock, amid reports that sales are not as bad as originally feared.

CANTON, Mass. — Global fitness brand Reebok has entered into a multi-year partnership with Spartan Race that will see Reebok as the title sponsor of the global race series.

Reebok’s titular sponsorship begins with the first race of the season at Vail Lake Resort in Temecula, Calif., on January 26 and 27.

Ashburn, Va. -- Miller and Smith, along with JV partner North America Sekisui House, said Tuesday that The Fresh Market will open a new store at One Loudoun, in Loudoun County, Va.

The 23,000-sq.-ft. specialty grocer will break ground in January 2013 and is slated to open fall 2013.  

New York -- Monday launched with heavily attended keynote addresses at the National Retail Federation’s 102nd BIG Show at the Jacob Javits Center in New York City.
    
Former United Nations secretary-general Kofi Annan shared his views about the state of world politics, joined by moderator and Macy’s CEO Terry Lundgren, who also is the outgoing chairman of the NRF.
    

NEW YORK — Walmart announced its plans to increase domestic sourcing of the products it sells and hire 100,000 honorably discharged veterans in the next five years.

Speaking at the National Retail Federation's annual BIG Show, Walmart U.S. president and CEO Bill Simon also announced the company is helping part-time associates who want to work full-time make that transition.

New York -- Walmart plans to significantly boost its sourcing from domestic suppliers over the next decade. The plan was announced during an address by Bill Simon, Walmart U.S. president and CEO, at the National Retail Federation's annual convention in New York. Simon also announced the company is committed to helping part-time associates who want to be full time, make that transition.

DAYTON, Ohio — Stratacache, a leading provider of scalable, high-performance digital signs, content distribution and video acceleration technologies, has unveiled a Web caching solution at the National Retail Federation's Annual Convention and Expo.

Called Retail Cache, the solution enhances Web browsing, so customers can use in-store tablets to check out catalogs or order out-of-stock merchandise, without encountering slow, unreliable Internet connectivity.

New York -- Total holiday retail sales increased 3% to $579.8 billion, below the National Retail Federation s projected forecast of 4.1%. Non-store holiday sales grew 11%, below the 12% growth forecast by Shop.org. (The NRF sales figures exclude automobiles, gas stations and restaurants.)

“For over six months, we’ve been saying that the fiscal cliff and economic uncertainty could impact holiday sales. As the number shows, these issues had a visible impact on consumer spending this holiday season,” said Matthew Shay, CEO, NRF.