Old Navy, LLC

San Francisco -- Gap Inc. reported Thursday that profit for the third quarter dropped 36% to $193 million, compared with $303 million a year earlier, as the retailer continued a deep discounting trend and encountered rising production costs. Still, results beat analysts’ expectations.

Retailers have pulled out the stops this holiday season, especially when it comes to experimenting with cutting-edge digital technologies. But innovation shouldn’t be reserved for the holidays — it is something that should be infused into the shopping experience all year long.

Queens, N.Y. -- Onex Real Estate Partners said that Taiwanese tea brand Coco Fresh Tea & Juice has opened its newest teashop at Sky View Center, the 800,000-sq.-ft., multi-level regional mall in downtown Flushing, N.Y.

The 600-sq.-ft. teashop operates a sister location on Main Street, in Flushing.

PALO ALTO, Calif. — Old Navy has become the latest retailer to partner with Shopkick, a shopping mobile app that rewards shoppers for walking into stores. Customers who have the shopkick app on their smartphones will be able to receive walk-in rewards at any of Old Navy's nearly 1,000 U.S. locations, Shopkick reported. To celebrate, Old Navy will offer $10 off of a $40 purchase plus 150 Shopkick reward points for the partnership's first weekend (Nov.

Palo Alto, Calif. -- Shopkick, the location-based shopping app, announced that Old Navy has joined its partner alliance, with Shopkick walk-in rewards to be live in all of Old Navy's nearly 1,000 U.S. locations. To celebrate, Old Navy will offer $10 off of a $40 purchase plus 150 Shopkick reward points for the partnership's first weekend (Nov. 10 – Nov. 13), available exclusively through the Shopkick app.

The nearly 1,000 stores Gap Inc. operates under various nameplates that will be open on Thanksgiving are the latest indication of the extreme measures required of retailers to grow holiday sales during challenging and intensively competitive times.

BOULDER, Colo.— Kohl’s is the nation’s favorite fashion retail chain, according to an annual consumer survey conducted by Market Force Information, a worldwide leader in customer intelligence solutions. This is the third year in a row that Kohl’s has earned the top spot. Nordstrom ranked as consumers’ second favorite, followed by Macy’s, Dillard’s and JCPenney. Rounding out the top ten were Coldwater Creek (6), Ann Taylor Loft (7), T.J. Maxx (8), Old Navy (9) and Marshalls (10).

NEW YORK — Consumer spending slowed in October, sending a note of caution as retailers head into the holiday season. Eleven retailers missed expectations for same-store sales, while three chains beat estimates, according to a preliminary tally by Thomson Reuters. However, while the October results were not as promising as some retailers had hoped, sales for the most part rose and most chains reported results that were only slightly off from analysts’ estimates. Some analysts blamed Wall Street for underestimating how much caution is still out there.