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  • GameStop plays up loyalty rewards program

    GRAPEVINE, Texas — GameStop announced that customers can get double the PowerUp Rewards points just by reserving and paying in full on select games by Oct. 16, 2011. Participating games include:

    • Assassin's Creed: Revelations

    • Batman: Arkham City

    • Battlefield 3

    • Elder Scrolls V: Skyrim

    • Super Mario 3D Land

    • The Legend of Zelda: Skyward Sword

  • SymphonyIRI: Brand value, not price, key to driving loyalty

    CHICAGO — SymphonyIRI Group on Thursday released a brand report highlighting what elements help drive brand selection and brand loyalty.

  • Stop & Shop, Unilever donate $150K to Feeding America

    QUINCY, Mass. — Stop & Shop has teamed up with Unilever to support hunger relief efforts of Feeding America and its local member food banks.

    The companies said that they are donating $150,000 to the organization, which will provide more than 1 million meals to families in need.

  • Stop & Shop gears up for back to school with new initiatives

    FAIRFIELD, Conn. — Stop & Shop has expanded its A+ School Rewards program and is introducing healthy store tours for kids.

    The A+ School Rewards program — which allows customers to designate the points they earn for every dollar spent at Stop & Shop to the school or schools of their choice by registering their Stop & Shop card at StopAndShop.com — increase its contribution to help fund schools with a commitment of $2.5 million.

  • Wal-Mart bringing back layaways for holiday shopping

    Bentonville, Ark. -- Wal-Mart Stores will introduce a holiday layaway plan effective Oct. 17 through Dec. 16. The program has a minimum layaway purchase of $50, and requires a 10% down payment. If the program is successful, Wal-Mart said it may extend it throughout the year.

    When Wal-Mart phased out its previous layaway offer in September 2006, such programs had fallen out of popularity. But Sears and some merchants brought back layaways as the recession cut into spending.

  • American Express study: Consumers opting for less frequent, but larger transactions in retail

    New York — Consumers are spending more, but doing so in fewer transactions, according to American Express Business Insights’ most recent Business Insights Spend Sights report.

    The study, which examines spending patterns across several key categories, U.S. cities and demographic groups, finds that while economic uncertainty continues to dampen overall consumer confidence, a new pattern of less frequent but measurable splurging has become evident among a range of customer groups in several categories.

  • Talbots posts bigger-than-expected loss; chief creative officer out

    Hingham, Mass. — Talbots Inc. posted a bigger-than-expected second-quarter loss on Wednesday, largely due to increased markdowns. The retailer also said that chief creative officer Michael Smaldone has departed the company, effective immediately.

    Talbots reported a net loss of $37.3 million for the period ended July 30, compared with a profit of $941,000 a year earlier. Revenue fell 10% to $271.1 million from $300.7 million. Same-stores sales fell 10.4%.

  • J.C. Penney pulls back a bit on holiday expectations

    New York City -- Speaking at the Goldman Sachs 18th Annual Global Retailing Conference in New York City, Myron Ullman III, chairman and CEO of J.C. Penney Co., expressed confidence that the chain is well positioned for the holiday selling season. However, he noted that uncertain economic conditions have caused the chain to pull back on its expectations.

    Ullman noted that customers are still purchasing promotionally priced items along with full-priced goods.

     

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