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  • Togo's continues West Coast expansion with 11 openings

    San Jose, Calif. -- Sandwich chain Togo's Eateries Inc. announced Monday it is in development on 30 new Togo’s units, as the company executed as many franchise agreements in 2012 in order to add to its West Coast presence.

  • Study: Brands and retailers have most followed pages on social media

    New York -- Brands and retailers have the most followed or “Liked” pages on social media, according to WSL/Strategic Retail. Nearly two-thirds (61%) of users who “Fan” social media pages, are choosing to follow brands and retailers -- beating out celebrities and TV shows which are followed by just over half of users.  

    The finding was unveiled as part of the company’s Buzz to Buy 3.0 trend report, its third annual survey measuring how the power of Social Media and online information are impacting buying decisions.

  • Consumer confidence falls in January

    New York -- Consumer confidence fell in January to a one-year low, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

    The month’s preliminary index fell to 71.3, the lowest since December 2011, from 72.9 in December. Economists had forecast the index would rise to 75, Bloomberg News reported.

     

  • Shoppers get e-satisfaction from luxury retailers

    ANN ARBOR, Mich. — Luxury shoppers are more likely to use mobile channels when shopping but are slightly less satisfied with e-commerce overall, according to the Luxury E-Retail Satisfaction Index released by customer experience analytics firm ForeSee. Luxury brands have an aggregate score of 77 on the study's 100-point scale, falling just short of the average score of the top 100 online retailers overall (78).

  • Family Dollar increases dividend

    New York -- Family Dollar on Friday increased its annual dividend by 24%. The annual payout now totals $1.04 following a decision by the retailer’s board to elevate the quarterly dividend to 26 cents a share from 21 cents a share.

    In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining.

  • Five Below sales up in Q4

    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.

  • Tiffany and Coach top luxury E-Retail satisfaction index

    Ann Arbor, Mich. -- Luxury shoppers are more likely to use mobile channels when shopping but are slightly less satisfied with e-commerce overall, according to the Luxury E-Retail Satisfaction Index released by customer experience analytics firm ForeSee. Luxury brands have an aggregate score of 77 on the study's 100-point scale, falling just short of the average score of the top 100 online retailers overall (78).

  • SC Johnson, United Way of Racine mark anniversary

    RACINE, Wis. — SC Johnson is marking its 90th anniversary of donating to the local United Way.

    For nearly a century, the family-owned company known for brands such as Glade, Pledge and Scrubbing Bubbles has donated more than $50 million in cumulative contributions to the local nonprofit organization.

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