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  • NRF forecasts 4.1% rise in retail sales for 2014; online to grow 9% to 12%

    Washington, D.C. -- Retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 4.1% in 2014, up from the preliminary 3.7% growth seen in 2013, according to the National Retail Federation. The association’s 2014 economic forecast, released Thursday, calls for online sales to grow between 9% and 12%.

    A number of factors contributed to NRF’s 2014 economic forecast, including:

  • Kohl’s Q4 same-store sales decline, lowers guidance

    Menomonee Falls, Wis. – Kohl's Corp on Thursday lowered its profit forecast for the fourth quarter after the retailer reported a 2% decrease in same-store sales in January.

    Combined November and December same-store sales rose 0.8%, but the company said January sales were significantly lower than planned as a result of lower traffic and low levels of clearance merchandise.

  • Ann Inc. expects higher sales for full year, Q4 2013

    New York – Ann Inc., parent company of Ann Taylor and The Loft, expects net sales and same-store sales to increase for the fourth quarter and full year fiscal 2013, on a year-over-year basis. For the full year, Ann Inc. issued guidance for total net sales of $2.49 billion, reflecting a total net sales increase of 5% and a same-store sales increase of 2%.

  • The Wet Seal sales drop for Q4, full year 2013

    Foothill Ranch, Calif. – The Wet Seal Inc. reported declines in net and same-store sales for the fourth quarter and full fiscal year 2013, compared to the same periods in the prior year. During the fourth quarter, Wet Seal reported net sales of $122.8 million, down 22.8%, and a 16.5% drop in same-store sales.

  • Levi’s launches customized ad agency model

    San Francisco -- The Levi's brand has chosen a customized advertising agency model. Effective immediately, the Levi's brand will transition to a combined agency team from Draftfcb Worldwide and The House Worldwide to deliver global marketing, creative and strategic support.

  • Manhattan Associates signs, expands retailer implementations in Q4

    Atlanta – Supply chain technology provider Manhattan Associates Inc. both signed and expanded implementation agreements with a number of retail clients during fourth quarter 2013. New retail clients signed during the quarter include Arcadia Group, Body Central Stores, Desigual, and Woodcraft Supply.

    In addition, Manhattan expanded relationships with existing retail customers such as Aldi, Belk, Cornerstone Brands, Devanlay SA (Lacoste), HEB Grocery, Phillips-Van Heusen, and Toys "R" Us.

  • Study: U.S. retailers’ online sales to hit $50 billion by 2020

    New York -- International sales from U.S. online retailers will jump from $11 billion in 2014 to almost $50 billion by 2020, which would make up 16% of the overall U.S. online retail market, according to a new report by OC&C Strategy Consultants.

  • Kohl's lowers fourth-quarter guidance following weak January sales

    Kohl’s January sales were significantly lower than planned as a result of lower traffic and low levels of clearance merchandise.

    Comparable-store sales decreased 2%. Combined November and December same-store sales increased 0.8%.

  • Stein Mart’s January sales hit by severe weather

    Despite severe weather that caused a 0.7% decrease in January sales, Stein Mart looks like it will report its seventh consecutive quarter of comparable-store sales increases when it closes the fourth quarter.

    January sales were fueled by strong sales in linens, ladies' boutique and gifts, while jewelry, ladies' sportswear and men's performed lower than the chain. Geographically, January sales were strongest in Florida and the West, while most other areas experienced comparable sales declines due to winter storms combined with record cold weather.

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