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Retail

  • Report: U.S. consumer confidence hits near-record low

    New York City -- A report released Thursday by Bloomberg said that consumer confidence in the United States slumped last week to the second-lowest level on record.

    The Bloomberg Consumer Comfort Index dropped to minus 53 in the period ended Sept. 25 from minus 52.1 the prior week. Similar readings were reached three times in the first half of 2009 and surpassed only by all-time lows of minus 54 plumbed in November 2008 and again in January 2009.

  • Mixed-use makes for good retail

    As part of our in-depth coverage of mixed-use developments – see the October 2011 issue of Chain Store Age – we talked with Rob Wetherald, VP development for Peoria, Ill.-based Cullinan Properties, Ltd., owner and developer of the Streets of St. Charles mixed-use project in metro St. Louis, about how the format draws, and supports, retail.

    How important are design and amenities to today’s mixed-use projects, especially with regard to the retail component?

  • Cheesewright becomes McMillon’s man in the Middle East and Europe

    Former Asda executive and Walmart Canada CEO David Cheesewright has a new role that opens up some intriguing growth possibilities, given his new responsibilities include oversight of geographic areas where Walmart doesn’t currently operate stores.

  • Yogurtini opens first of 10 southern Florida self-serve outlets

    Tempe, Ariz. -- Self-serve frozen yogurt concept Yogurtini said Thursday it will open the first of 10 stores planned for the southern Florida area.

    A unit in Coral Springs, Fla., will open on Oct. 1, marking the first of 10 franchise locations through an area-development deal with Emilio and Javier Braun.

    The brothers, who are based in Miami, are in the process of opening stores in Davie, Fort Lauderdale and the Hammocks Community in South Miami-Dade County.
     

  • Jack Shewmaker posthumously inducted into U of A Hall of Fame

    Former Walmart senior executive and longtime board member Jack Shewmaker is among a group of four business leaders slated for induction into the Arkansas Business Hall of Fame. The induction ceremony will be held Friday, Feb. 10, 2012.

  • First Data report: Prepaid gift card market healthy at mid-year

    Atlanta -- According to a report released Thursday by First Data Corp., the prepaid gift-card market has remained healthy during the first half of 2011, despite a sluggish economy.

    The 2011 Midyear Gift Card update showed that the gift card market experienced a higher rate of growth than U.S. consumer spending.

  • Fresh & Easy caters to gluten-intolerant customers with new products, mobile-accessible list

    EL SEGUNDO, Calif. — Fresh & Easy announced that it has doubled its gluten-free product range, the supermarket chain announced Wednesday.

  • T-Mobile USA to roll out new design for 400 U.S. stores

    Bellevue, Wash. -- T-Mobile USA announced Thursday the rollout of a new global design for nearly 400 new and remodeled stores across the country. The move follows successful test pilots in Tukwila, Wash., and in New York City at Seventh Ave. and 48th St.,

    T-Mobile said it adopted the new design format from its parent company, Deutsche Telekom AG, which has received positive customer feedback for this new design in retail stores across Europe.

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