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Retail

  • Juice press to open five NYC locations by summer

    New York — Juice press has announced plans to open five new locations in New York City in the spring and summer of this year. The locations include Chinatown, Tribeca, Midtown, Bridgehampton and the World Financial Center.

    The new locations will bring the juice press total to 19.

  • Report: Consumers stay active in January

    San Francisco – U.S. consumers remained active in January 2014 despite the effects of bad winter weather across much of the country. In-store retail analytics provider Euclid measured data on nearly 25 million domestic shopping sessions during January, revealing that shopper traffic and window conversion showed improvement from the prior year for another month in a row as shoppers looked to capitalize on a very promotional January.

  • Bad weather affects Fred's January sales

    The weather posed a significant challenge for Fred’s in January. According to CEO Bruce A. Efird, Mother Nature not only disrupted consumer shopping patterns, but also resulted in more than 120 store closings during the final week of the month.

    “Prior to the last week of January, sales were running in the mid-range of our forecast, with reconfiguration departments leading the way,” Efird explained.

    Fred's total sales for January were $134.8 million compared with $173.5 million for the five-week year-earlier period.

  • Ann Inc. expects higher sales for full year, Q4 2013

    New York – Ann Inc., parent company of Ann Taylor and The Loft, expects net sales and same-store sales to increase for the fourth quarter and full year fiscal 2013, on a year-over-year basis. For the full year, Ann Inc. issued guidance for total net sales of $2.49 billion, reflecting a total net sales increase of 5% and a same-store sales increase of 2%.

  • Stein Mart’s January sales hit by severe weather

    Despite severe weather that caused a 0.7% decrease in January sales, Stein Mart looks like it will report its seventh consecutive quarter of comparable-store sales increases when it closes the fourth quarter.

    January sales were fueled by strong sales in linens, ladies' boutique and gifts, while jewelry, ladies' sportswear and men's performed lower than the chain. Geographically, January sales were strongest in Florida and the West, while most other areas experienced comparable sales declines due to winter storms combined with record cold weather.

  • Kohl’s Q4 same-store sales decline, lowers guidance

    Menomonee Falls, Wis. – Kohl's Corp on Thursday lowered its profit forecast for the fourth quarter after the retailer reported a 2% decrease in same-store sales in January.

    Combined November and December same-store sales rose 0.8%, but the company said January sales were significantly lower than planned as a result of lower traffic and low levels of clearance merchandise.

  • Report: CVS tobacco decision spurs social media discussion

    Woonsocket, R.I. – The Feb. 5 decision by CVS to stop selling cigarettes and other tobacco products by October 2014 reportedly created a large volume of related discussion on social media. According to analysis from social media analysis technology provider Crimson Hexagon, as of 6 p.m. on Feb. 5, there were more than 139,000 total posts on Twitter (92% of the conversation) and public Facebook (8% of the conversation) posts mentioning CVS.

  • Study: U.S. retailers’ online sales to hit $50 billion by 2020

    New York -- International sales from U.S. online retailers will jump from $11 billion in 2014 to almost $50 billion by 2020, which would make up 16% of the overall U.S. online retail market, according to a new report by OC&C Strategy Consultants.

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