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Retail

  • Report: U.S. retail sales rise 3.5% during holidays

    Purchase, N.Y. – U.S. retail sales reportedly rose 3.5% between Nov. 1 and Dec. 24, 2013 compared to the same period in the prior year. According to data from MasterCard Advisors SpendingPulse, sales of holiday-related categories, such as clothing, electronics and luxury goods, rose 2.3%, after rising 0.7% in 2012.

  • Tile Shop opens third Boston-area store

    Plymouth, Minn. – The Tile Shop is launching its third retail store in the Boston metropolitan area. The new 15,805-sq.-ft. store will be located in the Worcester suburb of Shrewsbury, Mass.

    The new store will join The Tile Shop’s other Boston area stores in Natick and Avon, Mass.

  • Michaels prepares for IPO

    Dallas – Michaels Stores Inc., which has been privately held since 2006, is planning to launch an IPO in 2014. According to a regulatory filing with the Securities and Exchange Commission (SEC), private equity owners Bain Capital Partners and Blackstone Group will retain control of the retailer after the public stock sale.

  • Village Tea launches e-commerce site

    New York -- Village Tea Distribution Company Inc., in partnership with Village Tea Direct LLC, has launched the company's updated e-commerce platform. The site features a more product-focused interface with consumers.

  • Report: Kroger renovates Ohio stores; plans to spend $330 million on renovations

    Columbus, Ohio – Kroger reportedly recent spent $9 million on renovating a store in the Columbus, Ohio, area, and plans to spend another $9.4 million renovating three other stores in the area of its headquarters city. According to the Columbus Dispatch, this spending is part of a larger $330 million the retailer plans to spend on renovations by the end of the current fiscal year.

  • ICSC: Holiday sales up 1.4% week ending Dec. 21

    New York -- Weekly sales rose by 1.4% for the week ending Dec. 21, 2013. According to figures from the International Council of Shopping Centers (ICSC) and the Goldman Sachs Weekly Chain Store Sales Index, on a year-over-year basis, the pace of sales also improved and grew by 2.7%.

    For December, ICSC Research expects monthly sales will increase between 3% and 4% as the promotional environment continues to be intense.

  • Campbell names new execs to key roles

    Campbell Soup Company begins 2014 with two new executives in key roles as it looks to drive sales in Asia and increase marketing effectiveness in the United States following a difficult first quarter.

  • Bulletin releases new dealfinder app

    San Diego – Mobile messaging provider Bulletin has released DealSiftr, a mobile dealfinder app for iOS devices. With DealSiftr, users fill out a personal profile to tell the app exactly what they're looking for, and then DealSiftr will serve up the most relevant daily deals straight to the user's mobile device.

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