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Apparel

  • Department store players largely strong in July

    New York -- Helped by hot weather and clearance sales, many retailers reported solid results in July, a month that can be a tepid lead-up to the back-to-school shopping season.

    Some of the strongest showings in the month were in the department store category, as those reporting all showed July gains.

    Macy’s led the pack with a 4.1% same-store sales rise. Total sales increased 5.1% to $1.7 billion over the four-week period.

  • Claire's North American president resigns

    CHICAGO — Claire's Stores announced that Jay Friedman, president of Claire's Stores North America, has resigned effective immediately. Claire's has commenced a search with the executive recruiting firm of Spencer Stuart to fill the open position.  Until a replacement is appointed, James Fielding, Claire's CEO, will assume Mr. Friedman's duties.

  • In line and on track, Target likes 2Q

    MINNEAPOLIS — July same-store sales at Target increased 3.1%, in line with the company’s guidance.

    Target credited an increase in average transaction size as the primary driver of a 3.1% same-store sales increase during the July reporting period. An increase in the number of transactions also contributed to a 3.1% gain that was in-line with the company’s guidance for a low to mid single digit increase on top of a July 2011 increase of 4.1%.

  • Report: Shoppers seeking bargains for back-to-school needs

    Denver -- The majority of consumers are being budget-smart about back-to-school shopping. Not only are they seeking out the best prices, but they’re also shopping early – 48% of shoppers polled said they were beginning their shopping a month before the first bell rings, according to a back-to-school shopping report by ShopAtHome.com, the coupon search engine. The report, which tracks consumer search habits on the site, also shows that 42% of consumers will shop more generic brands than last year.

  • Big Lots to anchor Bayshore Plaza

    Barnegat, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that Big Lots is slated to open a new anchor store at Bayshore Plaza in Barnegat, N.J., in August.

    The 31,612-sq.-ft. store will fill a space formerly occupied by A&P.

    Additional tenants include McDonald’s, AT&T Wireless, Barnegat Pharmacy, and a mix of local restaurants and services.

    Levin serves as leasing and managing agent for Bayshore Plaza.
     

  • Two eateries join NewPark Mall

    Newark, Calif. -- NewPark Mall in Newark, Calif., announced the upcoming addition of two new food court eateries: Taqueria La Tita and Crepe Bar are slated to open in August. Taqueria La Tita will open in 613 sq. ft. and La Crepe will measure 666 sq. ft.

    NewPark Mall is anchored by Macy's, Sears, J.C. Penney and Burlington Coat Factory.
     

  • Body Central Corp. profit dips in Q2

    Jacksonville, Fla. -- Body Central Corp., which operates 258 stores under the Body Shop and Body Central banners, reported Thursday that net income for the second quarter dropped to $3.4 million, from $5.3 million in the year-ago period.

    Revenues climbed 6.3% to $79.4 million, and same-store sales decreased 7.6%.

    The company opened 15 new stores and closed one during the second quarter.
     

  • American Eagle Outfitters raises Q2 earnings outlook

    New York -- American Eagle Outfitters Inc. said Wednesday it was raising its second quarter earnings outlook because of stronger-than-expected sales.

    The specialty retailer expects adjusted second-quarter earnings of 19 cents to 21 cents a share, compared with its previous estimate of 13 cents to 15 cents a share.
     

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