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Retail

  • The Fresh Market VP real estate to step down

    New York -- The Fresh Market announced the resignation of Randy Kelley as SVP real estate and development. Kelley, who is leaving the grocer, to pursue a new business opportunity, will remain with the company through early spring.

  • Bon-Ton Q4 profit tops Street

    York, Pa. -- The Bon-Ton Stores reported better-then-expected fourth quarter net income of $74.4 million, compared with $78.2 million in the year-ago period.

    Revenue for the three months ended Feb. 2 increased 3.2% to $1.02 billion, missing the Street’s view of $1.04 billion. Same-store sales increased 1%. (Results for the fourth quarter and fiscal 2012 are impacted by the inclusion of an additional week in each period, resulting in a 14-week and 53-week reporting period.)

  • Costco profit surges 39%, beating expectations

    Issaquah, Wash. -- Costco Wholesale Corp posted a better-than expected 39% increase in quarterly profit, helped by increasing sales and a rise in membership fees.

    Net income was $547 million in the fiscal second quarter ended on Feb. 17, compared with $394 million a year ago.

  • Dick’s to open 40 stores in 2013 and debut Field & Stream format

    Pittsburgh -- Dick's Sporting Goods Inc. on Monday forecast a full-year profit for the current fiscal year that was less than expected, and also revealed it will debut a new retail concept in fiscal 2013 under the Field & Stream banner.
     
    In 2013, the company said it will open two Field & Stream stores, 40 Dick’s Sporting Goods stores, one Golf Galaxy store and two True Runner locations. The chain also plans partial remodels of 75 existing Dick’s stores.
       

  • The Genius of Apple’s Store Patents

    By Denise Lee Yohn, Deniseleeyohn.com

    Apple has once again rewritten the rules of business.  Its request to trademark the “Distinctive Design & Layout” of its stores has been granted by the U.S. Patent & Trademark Office. And so, as unconventional as it may seem, the Apple store’s distinctive minimalist design and Genius Bar service are now as protected as the rounded corners and user interface of the company’s mobile devices.  

  • Saks launches updates website

    New York -- Saks Fifth Avenue has redesigned the Saks.com homepage to include a longer, more fluid layout that more prominently highlights seasonal trends and most-wanted designers.

    New features on Saks.com include large-scale photography, improved navigation, easier access to the editorial area and product pages.

     

  • Vibes and Build-A-Bear Workshop in successful mobile campaign

    Chicago -- Vibes, a mobile marketing and technology company, announced the results of a successful mobile campaign aimed at engaging and increasing Build-A-Bear Workshop’s customer base through their mobile phones.
     

  • Urban Outfitters’ Q4 profit doubles

    Philadelphia -- Urban Outfitters reported net income of $83 million for the fourth quarter ended January 31, 2013, up from $39.26 million in the year-ago period, on strong same-store sales and higher revenue.

    Total company net sales for the quarter increased 17% to $857 million. Comparable retail segment net sales, which include comparable direct-to-consumer channel, increased 11% for the quarter, while comparable store net sales were flat.

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