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Apparel

  • Grocery continues to drive growth at Target

    Get used to that headline. Increased sales of food during the coming year are expected to contribute 1.5% to Target’s same-store sales growth as the company continues it aggressive PFresh remodeling program.

    Same-store sales in February advanced 1.8%, and the strongest performance came in the grocery category, where comps increased in the low teens while health care, beauty and other household essentials experienced gains in the mid-to-upper single-digit range. Also showing strength was the apparel category where comps increased in the low-to-mid single-digit range.

  • Brooks Bros. retains branding firm

    New York City -- Strategic branding firm Graj + Gustavsen said Monday that it has been retained by Brooks Bros. to consult on the apparel retailer’s branding initiatives.

    According to Lou Amendola, chief merchandising officer for Brooks Bros., “We are excited to be working with the team at Graj + Gustavsen. Their deep expertise in consumer brand positioning and insight into market trends made them the ideal partner as we continue to explore brand building opportunities for Brooks Bros.”

  • Genesco Q4 net income up 19%

    Nashville, Tenn. -- Genesco said Friday that its net income rose 19%, boosted by acquisitions and higher revenue from its stores.

    Net income rose 19% to $30.9 million, from $25.9 million in the prior-year period. Revenue rose 17% to $560.5 million, from $479 million. Analysts expected revenue of $539.8 million.

    Same-store sales were up 9%.

    For the full year, net income rose 85% to $53.2 million. Revenue rose 14% to $1.79 billion, from $1.57 billion.

  • Guitar Center to open at Oakview Plaza North

    Omaha, Neb. -- New York City-based The Lightstone Group said Thursday that Guitar Center has signed a 10-year, 18,000-sq.-ft. lease at Oakview Plaza located in Omaha, Neb.

    Built in 1999, Oakview Plaza is a power center that serves Omaha's westward expansion, and comprises three single-story retail buildings located on approximately 19.6 acres of land and containing approximately 177,303 rentable sq. ft. It is tenanted by Famous Footwear, Men's Warehouse, PetSmart, Panera, Dick's Sporting Goods and Babies "R” Us.

  • Lush Joins Cherry Hill Mall’s roster of market debuts

    Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) announced that cosmetics retailer Lush will open a new store at Cherry Hill Mall, in Cherry Hill, N.J.
     
    The new 860-sq.-ft. store is located in the Macy’s wing of the mall.

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