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Retail

  • NRF unveils 2014 economic forecast

    Retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 4.1% in 2014, up from the preliminary 3.7% growth seen in 2013, according to the National Retail Federation. The association’s 2014 economic forecast calls for online sales to grow between 9% and 12%.

    A number of factors contributed to NRF’s 2014 economic forecast, including:

  • Cybersecurity and HVAC: Are You Vulnerable?

    By Dwayne Melancon, chief technology officer, Tripwire

  • Dunkin’ Donuts plans 22 new stores in Baltimore/Washington, D.C., market

    Canton, Mass. – Dunkin’ Donuts has entered multi-unit store development agreement with five existing franchise groups to develop 22 new restaurants throughout the Greater Baltimore/Washington, D.C., area over the next several years. The five franchise groups and their development plans include:

    • Existing franchisee Arun Mandi plans to develop eight restaurants throughout Washington, D.C., and Virginia. Mandi currently operates 28 locations in Delaware, New Jersey, and Pennsylvania. His next restaurant is planned to open in 2015.

  • Scotts improves in first quarter

    Despite inclement weather this winter, Scotts Miracle-Gro’s financial results for the first quarter ended Dec. 28 showed signs of improvement.

    Net sales for the quarter totaled $196.4 million, down 5% from $205.8 million during the same quarter a year ago. The company pointed to the timing of pre-season shipments to retailers for the decline.

  • Fairway Markets CEO to retire

    New York -- Fairway Holdings Corp., operators of Fairway Markets, announced that CEO Herbert Ruetsch will retire after fifteen years with the company, including the last two years as chief executive.  Ruetsch will remain a special advisor to Fairway and continue to provide input into certain merchandising and product initiatives.

    William Sanford, president of Fairway, will assume the role of interim CEO while the board undertakes a search for a permanent replacement.

  • The Wet Seal sales drop for Q4, full year 2013

    Foothill Ranch, Calif. – The Wet Seal Inc. reported declines in net and same-store sales for the fourth quarter and full fiscal year 2013, compared to the same periods in the prior year. During the fourth quarter, Wet Seal reported net sales of $122.8 million, down 22.8%, and a 16.5% drop in same-store sales.

  • Coca-Cola teams up with Green Mountain Coffee Roasters

    Coca-Cola and Green Mountain Coffee Roasters have signed a 10-year agreement to work together on the development and introduction of Coca-Cola’s global brand portfolio for use in GMCR's upcoming Keurig Cold at-home beverage system.

    Under the agreement, the companies will cooperate to bring the Keurig Cold beverage system to consumers around the world. The companies also entered into a Common Stock Purchase Agreement; Coca-Cola will purchase a 10% minority equity position in GMCR.

  • Costco tops estimates as January same-store sales rise 4%

    Issaquah, Wash. — Costco Wholesale Club’s same-store sales rose 4% in January, topping analysts' expectations. The metric rose 5% in the United States, and was 1% internationally.

    Removing the impact of lower gas prices and foreign currency fluctuations, same-store sales were up 6%, rising 5% in the United States and 8% overseas.

    For the 22 weeks ended Feb. 2, Costco reported net sales of $46.3 billion, representing a similar increase of 6% versus the year-ago period.

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