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BDO Survey: Retail CFOs project 3.2% increase in sales in 2013
Chicago -- Extended store hours Thanksgiving weekend promotions were the least successful holiday marketing tactics, according to a survey of retail CFOs by BDO USA. The also report found that, following uneven sales results in December and January, the executives are moderating their expectations for 2013, projecting a 3.2% increase in total store sales, down from last year’s expected 4.5% increase.
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Meijer investing $160 million in new stores and remodels
Grand Rapids, Mich. -- Meijer is investing more than $160 million in new store construction and remodeling.
The investment includes the construction of six new Meijer supercenters, and five major remodel projects. Michigan, Indiana and Illinois will each welcome two new Meijer supercenters. The remodels planned at an additional four Michigan stores and one Meijer location in Illinois.