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  • Report: Five Below eying IPO

    Philadelphia -- A Wednesday report by Reuters said that discounter Five Below is said to be considering an initial public offering. 

    The report, citing unnamed sources, said that the Advent International- and LLR Partners-owned chain has hired underwriters and is in discussions with bankers.

    Five Below is in a growth mode and could potentially command a market valuation of over $1 billion.

  • Survey: Nearly half of adults only buy clothing when on sale

    Whiting, Ind. -- Survey results released Wednesday by CouponCabin.com found that 41% of U.S. adults who purchase apparel say that they only buy clothing when it’s on sale.

    Nearly one-quarter (23%) of U.S. adults said their shopping strategy involves doing whatever they can to save money.

    The Spring Shopping Survey, conducted online by Harris Interactive, contained the following highlights:

  • Fred’s Q4 profit rises 14%

    Memphis, Tenn. -- Fred’s reported Wednesday that net income for the fourth quarter jumped 14%, boosted by more robust sales and a favorable tax adjustment.

    Profit for the quarter ended Jan. 28 rose to $9.8 million, from $8.6 million in the year-ago period.

    Revenue rose 2.5% to $497.6 million, missing Wall Street’s expected $498.4 million in sales.

    Same-store sales were flat.

  • NRF expects sales to hop up this Easter

    WASHINGTON — While intentions aren't always equal to results, if NRF's predictions are correct, consumers will be shelling out quite a bit of cash this Easter. According to NRF’s Easter spending survey, conducted by BIGinsight, Americans will spend an average of $145.28 on everything from apparel and candy to food and decorations this year, up 11% from $131.04 last year. Total spending is expected to reach $16.8 billion.

  • Sam's Club leads in customer loyalty rankings

    WABAN, Mass. — Sam's Club has the most loyal customers, according to a new study by Temkin Group. The report, "2012 Temkin Loyalty Ratings," rated the loyalty that consumers have to 206 large companies across 18 industries.

    Only seven companies earned "very strong" loyalty ratings. In addition to the retailers listed above, credit unions and USAA earned the distinction. Sam’s Club had the most loyal customers across all industries, with a loyalty rating of 65%.

  • CSA columnist analyzes Kohl’s smaller-format store plans

    New York -- Columnist Jeff Green isn’t really surprised that another retailer has joined the ranks of those chains that are downsizing or rolling out smaller format. But he finds the fact that Kohl’s has joined the crowd a little bit different and more interesting.

    Check out Retail Rap by Jeff Green by clicking here.

  • NRF: Easter sales forecast to exceed $16 billion

    Washington, D.C. -- Spring apparel and candy are predicted to push Easter sales past the $16 billion mark this year, according to a new survey released Tuesday by the National Retail Federation.

    The Easter spending survey, conducted by BIGinsight, found that Americans will shell out an average of $145.28 on everything from apparel and candy to food and decorations this year, up 11% from $131.04 last year. Total spending is expected to reach $16.8 billion.

  • Restaurant sales rose 3.4% in 2011

    Chicago -- A report released Tuesday by research firm Technomic found that sales among the 500 largest U.S. restaurant chains increased 3.4% to $242 billion in 2011.

    That compares to just a 1.8% increase in 2010.

    Of the 500 restaurants analyzed by Technomic, more than 60% posted at least nominal sales increases; just 193 saw sales declines in 2011, compared with 231 in 2010.

  • Sam’s Club tops across all industries in customer loyalty rankings

    Waban, Mass. -- Sam's Club, Aldi, Publix Super Markets, Amazon.com, and H.E.B. are the retailers with the most loyal customers according to a new study by Temkin Group. The report, the 2012 Temkin Loyalty Ratings, rates the loyalty that consumers have to 206 large companies across 18 industries.

  • Survey: Importers preparing for surge in consumer spending

    New York -- Importers who sell to America’s major retailers are preparing for a significant uptick in consumer spending this spring and summer according to a recent survey conducted by Capital Business Credit, (CBC), a non-bank lender that services the retail sector.

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