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Retail

  • New York & Company inks deal for Somerset

    Bridgewater, N.J. -- Women’s apparel retailer, New York & Company, has taken 7,440 sq. ft. in the Somerset Shopping Center in Bridgewater, N.J., according to Levin Management, the property’s leasing and managing agent.

    The lease brings the 214,202-sq.-ft. center to full occupancy.

     

  • Zimmer absent from latest Mens Wearhouse ad

    Houston -- Mens Wearhouse estranged founder George Zimmer is noticeably absent from the chain’s latest commercial, which launched in print and broadcast on July 8.

    According to a Reuters report, the new ad focuses on the company's National Suit Drive, an annual charity event that donated suits to unemployed men who are looking to get back in the workforce. Zimmer and his signature phrase — "You're going to like the way you look. I guarantee it," — are nowhere to be found.

  • Foot Locker acquires Runners Point Group in Germany

    New York -- Foot Locker has completed the acquisition of Runners Point Group, a specialty athletic store and online retailer based in Recklinghausen, Germany.

    With 200 stores located principally in Germany under the Runners Point and Sidestep banners and online business, Runners Point Group will boost Foot Locker’s European store count to 800 and add $254 million to the company’s European revenues of more than $1 billion.

     

  • U.S. Census shows retail trade sales up 0.6% in June

    The U.S. Census Bureau released a report showing an increase of 0.6% in retail trade sales for June when compared to May. Sales were up 6% when compared to June 2012.

    The figures are adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, and exclude automobiles, gas stations and restaurants.

  • Loblaw to acquire Shoppers Drug Mart in $12 billion deal

    Brampton, Ontario – Loblaw Companies Limited announced it will acquire Shoppers Drug Mart in a deal worth about $11.9 billion, merging the Canadian grocery and drug retailers. Shoppers Drug Mart will retain its name and brand and operate as a separate division of Loblaw while expanding its product offerings to include Loblaw's private label and convenience food products. Shoppers Drug Mart gives Loblaw entry into the small urban store sector.

  • Funky footwear brand strengthens sales and marketing teams

    IRVINE, Calif. — Sanuk, a division of Deckers Outdoor Corporation, has made changes to its sales and marketing teams. The company has appointed Jeff Booth as its core national sales manager and Tommy Campagne as its core marketing manager.  

  • Men’s Wearhouse study: The suit makes the man

    Fremont, Calif. – A suit can help a man feel more attractive, confident, and successful in professional situations as well social ones. According to the findings of a new national survey of more than 1,000 adult males from Men’s Wearhouse and Kelton Research, a suit also has a positive impact on how a man is viewed by others.

    Following are highlights from the study results.

  • ShopperTrak: June 2013

    Total U.S. Shopper Traffic in Retail Stores and Malls for June 2013

    Shopper activity slightly decreased last month, thus returning to seasonal standards after May holidays. Retail foot traffic decreased 1.3% in June compared to May 2013, a slight departure from recently reported positive month-over-month retail trends. However, foot traffic for June 2013 was relatively flat compared to the same month in 2012 — with an increase of 0.3%.

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