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Retail

  • E-commerce helps boost Vitamin Shoppe performance

    North Bergen, N.J. – Strong results in its e-commerce segment, along with growing same-store sales and income from Super Supplements stores acquired in the fourth quarter, helped boost the performance of Vitamin Shoppe Inc. during the fourth quarter and fiscal year 2013. On a year-over-year basis, fourth quarter net income grew 15.9% to $11.2 million from $9.7 million.

  • Starbucks continues Evolution Fresh expansion

    Seattle – Starbucks is expanding its Evolution Fresh cold-pressed juice to more than 360 corporate stores in the Chicago and greater Midwest areas. This brings the total number of Starbucks locations and grocery stores offering Evolution Fresh products to more than 9,000 across the U.S.

  • Leadership changes at Albertson's

    AB Acquisition LLC, which operates Albertson’s LLC and New Albertson’s Inc., has appointed Rick Navarro, who had been the company’s CFO since its inception in 2006, as chief administrative officer. Succeeding Navarro as the company’s CFO is former Nash Finch executive Robert Dimond.

    In his new role, Navarro will oversee the IT, legal, business development, human resources and public affairs functions.

  • Study: Long checkout lines impact customer return rates

    Duluth, Ga. - More than 77% of Americans would be less likely to return to a store if they experienced long checkout lines. According to a new study from Omnico Group, after eight minutes, Americans are likely to abandon the checkout line and leave the store with no purchase.

  • Solomo launches Solomo Exchange 2.0

    Madison, Wis. --  Solomo Technology Inc. has launched Solomo Exchange 2.0, a comprehensive platform for location analytics and mobile engagement enabling rapid implementation and management of smart locations. With a smart location, retailers can activate devices and sensors to realize analytics, build and measure campaigns and enhance engagement across a facility, multi-floor building or entire organization. Consumers are given complete control of their personal identity and location information.

  • Bi-Lo, Delhaize get green light on acquisition

    Bi-Lo Holdings and Delhaize Group have received approval from the Federal Trade Commission to proceed with the transaction in which Bi-Lo Holdings will acquire substantially all of the stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize.

  • Stein Mart to open 10 new stores

    Jacksonville, Fla. -- Stein Mart plans to open 10 new stores this year as part of the company's largest store expansion since 2007.

    The expansions begin with new locations in the Miami, Washington, D.C., and Las Vegas areas set to open this spring. This year's new store openings will bring the company's total nationwide store count to more than 270.

    The announcement of this expansion follows the company's fiscal 2013 same-store sales growth of 3.7%.

  • Eminence Capital supports new Men’s Wearhouse bid for Jos. A. Bank

    New York -- Eminence Capital LLC, which owns 4.9% of the common stock of Jos. A. Bank Clothiers, Inc. has issued a statement in support of the new offer by The Men's Wearhouse for the company. The statement, attributed to Eminence CEO Ricky C. Sandler, says that combining the two companies the best outcome for all shareholders.

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