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Another online retailer tries offline space
Minted, the online marketplace for crowdsourced stationery, art and home decor from independent artists, has opened its first brick-and-mortar store. The store, a pop-up in San Francisco’s Union Square shopping district, is called Minted Local. Open through October 2016, it will highlight the work of regional California artists, including original art and one-of-a-kind decorative items for the first time in Minted’s history. -
This apparel retailer had a great quarter
Not all teen apparel retailers are struggling. Just ask American Eagle Outfitters.
The company reported a better-than-expected rise in quarterly sales and profit as demand for its products rose even amid a sluggish retail environment.
American Eagle’s net income surged 39.3% to $40.5 million, or 22 cents per share, in the quarter ended April 30.
Net revenue increased 7% to $749.4 million. Same-store sales increased 6%, on top of a 7% increase in the year-ago period.

