Retail

REI, a leading specialty retailer of outdoor gear and apparel, achieved record annual sales of $2 billion in 2013, up 5.9% from $1.9 billion the previous year, despite a challenging retail environment and severe winter weather.

Comparable store sales, including direct-to-consumer sales, increased 2.9%.

The Disney and Starbucks brands provide design inspiration for the  coffee giant's first company-run location on Disney property in the United States. The 5,600-sq.-ft. store, at Downtown Disney in Anaheim, Calif., uses customized content and technology to engage and inform, from a video installation that documents the Starbucks story to an interactive digital chalkboard that customers of all ages can draw and write on.

Advantage Sales & Marketing (ASM) has acquired San Antonio, Texas-based Longhorn Food Brokers to strengthen its fresh food focus in the Lone Star state.

“The addition of Longhorn will provide complimentary resources and broader support for our clients and customers in the fresh category,” said Tanya Domier, Advantage Sales & Marketing CEO. “The Longhorn acquisition continues our strategy of building a national footprint for perishable-focused retail and headquarter services by partnering with the regional leaders in these categories.”

Kearney, Neb. –- The impact of an extra week in the fourth quarter of fiscal 2012 helped drive down net income and sales at The Buckle during the fourth quarter of fiscal 2013. On a year-over-year basis, net income dropped 3% to $59.4 million from $61.3 million, while net sales declined 6% to $339 million from $360.6 million. Same-store sales for the quarter decreased 2.8%.

On the heels of record growth in 2013, Ulta Beauty plans to open 100 new stores this year and increase funding for e-commerce and loyalty initiatives.

Ottawa, Canada - Target dropped prices on its monitored assortment by more than 20% during the days leading up to its confirmation of the data breach that compromised the security of 70 million customers’ personal information during the pre-holiday shopping season. According to data from 360pi analyzing approximately 830 products across eight categories, including TVs, tablets, digital cameras and more, Target dropped its prices by 18% between Dec. 14 and Dec. 17.

New York -- Dollar General, Ross Stores and Dick’s Sporting Goods are bullish on expansion. For 2014, Dollar General has budgeted $450 million to $500 million for capital expenditures, and plans to open 700 new locations. This follows a record year of square footage expansion during which the extreme-value discounter opened 650 stores. Ross Stores also continues to expand in 2014. The off-price apparel and home fashions retailer is on track to open about 95 new locations in 2014, comprised of about 75 Ross Dress for Less and 20 dd's Discounts.