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Retail

  • Target replaces Canada head, promotes U.S. execs

    Minneapolis – Tony Fisher, president, Target Canada, is departing the company. Mark Schindele, senior VP merchandising operations, will assume the role of president, Target Canada.
     

  • Cole Haan offers omnichannel shoe customization

    New York - Cole Haan is opening The Driver Shop in six retail locations, offering personalization of the driving moccasin with several accessories in dozens of colors. In stores, accessories are available at stations where on-site "mechanics" will outfit Cole Haan Drivers to customer specifications by appointment or while customers wait, or they can return later to pick them up.

  • PayAnywhere releases touch-screen POS tablet

    Troy, Mich. - PayAnywhere, the professional grade mobile point-of-sale solution from North American Bancard, has released PayAnywhere Storefront, its free touch-screen tablet and stand with built-in credit card reader. PayAnywhere Storefront provides new simple pricing, security protection and advanced business analytics.

  • Macy’s tests Facebook video ads

    New York – Macy’s Inc. is testing the effectiveness of mobile video ads on Facebook. On May 16, the retailer began running video ads using Facebook’s auto-play feature on the mobile newsfeed in its iPhone app.

    The ads appear at the top of the newsfeed and start playing when the user scrolls down. If clicked, they become full-screen size and audio turns on. Users are allowed to like, share and/or comment on the ads.

     

  • Trader Joe’s is consumers’ favorite grocery store

    Boulder, Colo. - Trader Joe’s is North America’s favorite grocery retailer based on satisfaction. A study of more than 6,200 consumers by Market Force Information, also found that Publix and Aldi were ranked second and third.

  • TJX grows net income during Q1; misses on sales

    Framingham, Mass. – The TJX Cos. Inc. increased both net income and sales during the first quarter of fiscal 2015 on a year-over-year basis, although sales missed analyst projections. Net income grew slightly to $454.32 million from $452.89 million, while net sales increased 5% to $6.49 billion from $6.19 billion.

    Analysts had expected net sales of $6.6 billion. Same-store sales remained flat. Carol Meyrowitz, CEO of TJX, blamed soft apparel sales for the miss on expected net sales.

  • Home Depot net income rises in Q1, misses estimates

    Atlanta – Severe weather dampened net income and sales growth at The Home Depot during the first quarter of fiscal 2014, causing increases in those figures to fall short of Wall Street estimates. Net income improved 17% to $1.4 billion from $1.2 billion.

  • Swift Communications invests in digital marketing provider Engage3

    San Francisco - Swift Communications, a multi-platform publisher based in Carson City, Nevada, is making a strategic investment in Engage3, a retail intelligence and digital marketing solution provider. The two companies are also working together to identify retailer and supplier partners in the markets Swift serves to drive additional consumer value.

    The amount of the investment, which closed earlier this month and will be used to expand the features of Engage3’s solutions, was not released.

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