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Retail

  • Winick names senior director in Cranford, N.J., office

    New York — Industry veteran Thomas has Kornitzer officially joined Winick Realty Group N.J., where he will serve as senior director in the company’s Cranford, N.J., office. Kornitzer will direct both landlord and tenant accounts, specifically working with such exclusive clients as Safeguard Self Storage, Pep Boys and Wendy’s.

  • NRF applauds delay in ACA revisions

    Washington, D.C. – The National Retail Federation (NRF) is applauding a decision by the Treasury and IRS to delay implementation of some employer requirements under the Affordable Care Act (ACA) until 2015 and eliminate other requirements for small businesses.

  • Kroger purchases digital coupon platform

    Kroger has purchased the assets of You Technology Brand Services, a Silicon Valley-based platform of digital coupons and promotions.

  • Report: ‘Dumb Starbucks’ revealed as TV prank

    Los Angeles – The “Dumb Starbucks” parody store which opened in Los Angeles on Saturday, Feb. 8 has been revealed to be a prank for a Comedy Central TV show. According to the Associated Press, comedian Nathan Fielder made a public announcement on Feb. 10 that he opened the store for use in his TV show “Nathan for You.”

  • Urban Outfitters falls short of Street expectations

    Urban Outfitters reported substantial gains in net sales for the fourth quarter and fiscal year 2014, driven primarily by the company’s Anthropologie and Free People brands.

    Total company sales in the quarter increased 6% to $906 million from $856.8 million in the year-ago period — less than Wall Street expected.

  • CVS Q4 net income, sales jump

    Woonsocket, R.I. – CVS Caremark reported strong performance in both earnings and revenues for both the fourth quarter and fiscal year 2014. The chain also raised its guidance for the first quarter.

    CVS said net income during the quarter ended Dec. 31,2014, rose 12.5% to $1.26 billion from $1.12 billion in the year-ago quarter. For the full year, income rose 19% to $4.59 billion, from $3.86 billion.

  • Instacart adds DC to same day network

    Residents of the Washington, D.C., metro area can now have products ordered from supermarket operator Harris Teeter delivered within the hour following Instacart’s entry into the market.

    Instacart’s network of personal shoppers began delivering items ordered from Harris Teeter on Feb. 11. The service provider expects to add other retailers in the coming weeks which would allow shoppers to combine items from multiple stores in a single order and have them delivered in as little as one hour.

  • Pizza Patron selects Revel Systems’ POS solution

    San Francisco -- Revel Systems, providers of enterprise iPad point-of-sale (POS) solutions, announced that pizza chain Pizza Patrón has selected Revel Systems as its POS solution for 100 plus store locations.

    With the implementation of Revel Systems iPad POS across the Pizza Patrón franchise, stores can tap into cross-store metrics such as sales and inventory reports from one secure cloud based portal.  

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