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  • Where will retail real estate sit throughout 2011?

    If Black Friday and Cyber Monday 2010 numbers were any indication, retail may well be prepping for some measurable bounce in 2011.

    But the road to recovery isn’t going to be without frustrations, according to Chicago-based Jones Lang LaSalle’s North America Retail Outlook report, released in November.

    The inaugural report examined retail real estate fundamentals such as vacancy levels, rental rates and investment sales volumes -- and drew the conclusion that 2011 would see a “slow and arduous retail sector recovery.”

  • Shops at Wiregrass hosts “Battle of the Bands” to raise money to fight blood cancer

    The Shops at Wiregrass, in Wesley Chapel, Fla., partnered with the Leukemia & Lymphoma Society to host a Battle of the Bands event in an effort to raise money to fight blood cancer.

    Held Saturday, Feb. 19, the event featured four stages of live music and performances by 24 local bands. Two more fundraising events are planned -- a parade celebration on March 12 and a golf tournament on April 1.

    The Shops at Wiregrass, a Forest City Enterprises property, is a pedestrian lifestyle village featuring shopping, dining and entertainment options.

  • DCP, Nordstrom celebrate 45th anniversary of 'it's a small world'

    SEATTLE -- Disney Consumer Products has partnered with Nordstrom to launch a new line of children's apparel, accessories and footwear in honor of the 45th anniversary of the "it's a small world" attraction at Disneyland. 

  • Walmart taps Facebook users to help fight hunger

    BENTONVILLE, Ark. — Walmart said it will present more than $1.5 million to nonprofits in six U.S. communities, thanks to Facebook users' help with the retailer's commitment to fight hunger through 2015.

    Walmart's Fighting Hunger Together campaign called on Facebook users to go to Walmart.com/fighthunger and "like" one of the 100 hungriest communities in the United States, as ranked by the Food Research and Action Center. More than 10 million votes were cast during the campaign, which ran from Nov. 15 through Dec. 31.

  • Kohl’s profit rises14% in Q4

    Menomonee Falls, Wis. -- Kohl's Corp. reported Thursday that its fourth quarter net earnings rose 14% and the board authorized the first dividend in the company's history. But the chain said consumers will remain cautious in 2011 and gave a full-year earnings forecast below Wall Street’s expectations.

    Kohl’s said that income the quarter ended Jan. 29 increased to $493 million from $431 million a year earlier, slightly ahead of predictions. Revenue rose 6% to $6.04 billion from $5.68 billion, in line with projections.

  • Zale Corp. Q2 profit more than quadruples on improved sales

    Dallas -- Zale Corp. said Thursday that net income for the quarter ended Jan. 31 surged to $27.2 million, compared with $6.7 million a year earlier.

    Zale, which has struggled to regain profitability as the economy improves, posted net income of $27.2 million compared with $6.7 million, or 21 cents per share a year ago. Sales rose to $626.4 million for the quarter, from $582.3 million. Same-store sale rose 7.9%, compared with a decrease of 11.2% during the comparable period in the prior year.

  • Dollar Tree profit surges 20%

    Chesapeake, Va. -- Dollar Tree's fiscal fourth-quarter earnings rose 20.4% to $162.5 million amid rising sales and widening margins.

    Net sales for the quarter, which ended Jan. 30, increased 10.7% to $1.73 billion . Same-store sales were up 3.9%.

    The company's top-performing categories in the quarter included food, party supplies, health and beauty care, and housewares and home products.

  • Toys "R" Us kicks off fundraising campaign for Autism Speaks

    WAYNE, N.J. -- Toys "R" Us is kicking off an in-store fundraising campaign to benefit North America's largest autism science and advocacy organization.

    Now through April 30, monetary donations will be collected at all Toys "R" Us and Babies "R" Us stores and online to benefit Autism Speaks.

  • J.C. Penney unveils new logo

    Plano, Texas -- J.C. Penny Co. said Tuesday it has introduced a new logo, designed to symbolize the retailer’s transformation to a more updated and relevant destination.

    The new logo emphasizes a new, lowercase “jcp” by positioning it slightly off-centered in a red box while still featuring the company's signature red color. It was designed by Luke Langhus, a third-year graphic design student at the University of Cincinnati.

  • Limited-edition international offering coming soon

    Some spring fashion excitement is on tap for Target stores beginning March 13 when the company celebrates the fifth anniversary of its GO International designer program. Plans call for a collection of 34 dresses from 17 designers who participated in the GO International affordably priced fashion program over the past five years. The limited-edition assortment will be in most Target stores through April 10.

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