Retail

Philadelphia -- Tween discounter Five Below Inc. reported Tuesday a loss in the second quarter of $64.2 million due to one-time costs that were attributed mainly to dividend payments made to preferred shareholders, among others. That compares with a loss of $1.7 million in the year-ago period. However, adjusted profit of $1.2 million beat expectations and the company’s third-quarter and full-year estimates are in line with Wall Street’s forecast.

New York -- Michael Francis, who was ousted as president of J.C. Penney Co. in June, is going to Gap Inc., according to Ad Age.

Francis will serve as a marketing creative advisor for Gap, and join the chain in the advisory role on Sept. 16, the report said.

Washington, D.C. -- The National Retail Federation announced that its board of directors has authorized the Federation to go to court to block the proposed $7.25 billion settlement of a federal antitrust lawsuit over skyrocketing Visa and MasterCard credit card swipe fees that cost consumers hundreds of dollars a year.

Des Moines, Iowa -- Kum & Go and Casey’s General Stores announced that they have signed an agreement for Casey’s to acquire 22 convenience stores from Kum & Go.

The stores are located in Iowa, Missouri and North Dakota.

New York -- A report released Tuesday by e-commerce marketplace technology provider Merchantry found that marketplace customer experience compares unfavorably to that of e-commerce sites, particularly in regard to comprehensiveness of product information and logistics transparency.

The State of Online Marketplaces report, conducted by Merchantry in concert with the e-tailing group, found that online marketplaces need a lot of improvement before their full potential is realized.

WASHINGTON — The National Retail Federation is set to go to court in order to block the proposed $7.25 billion settlement of a federal antitrust lawsuit over Visa and MasterCard credit card swipe fees.

Oak Brook, Ill. -- McDonald’s Corp. reported Tuesday that same-store sales overall increased 3.7% in the month of August.

By segment, same-store sales rose 3% in the U.S., 3.1% in Europe, and a hearty 5.7% in Asia/Pacific, Middle East and Africa.

Systemwide sales for the month increased 1.2%.
 

SAN FRANCISCO — Old Navy is getting in on the Fashion Week fun with a New York City event designed to celebrate fashionable women of all shapes and sizes.

On Sept. 14, women are invited to "strut their stuff" and model Old Navy's rockstar skinny jeans on the jean-shaped runway at Bryant Park.

Everyone who struts their stuff on the jean-shaped runway will walk away with a free pair of rockstar jeans. The colored denim line, available in 31 shades, retails for $34.50.