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Retail

  • CVS offers pharmacist Facebook chat for American Heart Month

    New York City -- CVS/pharmacy announced on Thursday that it is providing several free services, educational information and special product offers during February's American Heart Month.

  • Amazon.com in talks to open N.J. warehouses, seeks sales tax holiday

    Trenton, N.J. -- Amazon.com is contemplating opening two warehouses in New Jersey and is seeking a 22-month sales-tax holiday as part of the deal, according to reports by the Associated Press and the Philadelphia Inquirer.

    Amazon is not required, as brick-and-mortar retailers are, to collect the 7% state sales tax for purchases. If it acquires a physical presence in New Jersey by opening warehouses, it would have to collect taxes.

  • 2012 not looking good for consumer spending

    NEW YORK — The Deloitte Consumer Spending Index, released Thursday, continued downward in January and consumer spending will face additional economic headwinds in 2012, according to Deloitte. The Index tracks consumer cash flow as an indicator of future consumer spending.

  • Whole Foods profit rises 33%; 69 new stores in development

    Austin, Texas -- Whole Foods Market Inc. reported Wednesday that profit for the first quarter rose a better-than-expected 33% to $118.3 million amid increased customer visits and higher prices on select items. On a follow-up conference call with analysts, the chain revealed it has 69 new stores in development, or 2.4 million square feet, in development.

  • IBM forecast: Q1 sales poised to rise

    Armonk, N.Y. -- An analysis released Thursday by IBM projected that retail sales are positioned for increases across a broad spectrum of categories.

    According to the study, the surge will be led by a projected 8.2% rise in men’s apparel sales.

    “The forecast of men’s apparel sales reflects a growing trend: men are definitely developing a taste for fashion – especially in business attire,” said Jill Puleri, global retail leader for IBM Global Business Services.

  • Retail Store of the Year: And the winners are…

    New York City -- The latest jewel in the portfolio of Mexican department store operator Liverpool took top honors in Chain Store Age’s 30th annual Retail Store of the Year design competition. The company’s 319,000-sq.-ft. store in the Mexico City suburb of Interlomas was named Store of the Year and was also the winning entry in the Department Store category.

    Here is a complete list of the winning projects, all of which will be featured in the March issue of Chain Store Age and reviewed at its annual SPECS Conference:

  • Bass Pro Shops to roll out new mobile POS solution

    Coventry, U.K. -- Retail IT services-provider PCMS said Thursday it has launched a pilot of mobile sales devices for Bass Pro Shops.    

  • Retail sales poised for growth, IBM predicts

    ARMONK, N.Y. — Analysts at IBM are confident that retail sales are positioned for increases across a broad spectrum of categories.

    According to a report released by the company, the surge will be led by a projected 8.2% rise in men’s apparel sales.

    “The forecast of men’s apparel sales reflects a growing trend: men are definitely developing a taste for fashion – especially in business attire,” said Jill Puleri, global retail leader for IBM Global Business Services.

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