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Cornering the Market
The recent announcement that retail giant Walmart plans to open more than 100 of the brand’s Neighborhood Market stores in 2013, and as many as 500 Neighborhood Market locations over the next few years, has industry analysts and observers talking. They have my attention, as well.
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J.Crew opening 46 stores in 2013; to make European debut in London
New York -- J.Crew Group Inc. expects to open 46 stores in 2013, company officials said during its quarterly conference call.
The specialty retailer will open 17 Madewell stores, 13 factory outlet units and 16 namesake locations, including its first-ever store in Europe, in London.
For the fourth quarter, J.Crew’s earnings were up 18% to $70.4 million. Same-store sales rose 11%.