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Department Store

  • Claire's names chief marketing officer

    Chicago -- Claire's Stores announced Friday that Dina Keenan has been appointed global SVP and chief marketing officer, effectively immediately.

    Keenan’s experience in marketing strategy, brand development, advertising and retail include stints at Bath & Body Works, Elizabeth Arden Red Door Salons & Spas, and Bozell Worldwide.

    One of the initial focuses for Keenan will be to align her organization to support the global brand needs of Claire's and Icing, the company said.

     

  • RadioShack taps Magnacca as CEO, ‘catalyst for change’

    Fort Worth, Texas -- In an unexpected move, RadioShack said late Thursday that Walgreen Co. divisional president Joseph Magnacca will take the helm of the beleaguered consumer electronics chain as its new CEO.

  • Amazon lengthens online lead over Walmart and others

    Traffic trends at Walmart and other major retailers declined in December even though e-commerce sales set new records in the fourth quarter and throughout 2012.

  • Report: Shopping center industry Q4 profit rises 4.3%

    New York -- A report released Thursday by the National Council of Real Estate Investment Fiduciaries and the International Council of Shopping Centers said that the U.S. shopping center industry’s net operating income for the fourth quarter continued to show a strong gain nationally, rising 4.3% year-over-year.  

    Total operating income of all U.S. shopping centers on a square foot basis rose 3.6% over the year-ago period.

    For all of 2012, the U.S. shopping-center industry posted a 3.6% rise in NOI.

  • Retail sales results mixed in January

    New York -- Although there were some surprising gains among retailers in January, for the most part results were expectedly mixed, as consumers took a hit on their take-home pay from higher payroll taxes but cooler weather gave a boost to others.

  • Discount sector posts strong January showing

    New York -- There were few missteps among the discounters in January, as most posted strong results, many surpassing Wall Street expectations.

    Target reported a same-store sales rise of 3.1%, topping Wall Street expectations. Total sales surged 29.6% to $5.97 billion in January.

  • Comps rise 3.1% as Target releases final monthly results

    Target salvaged its fourth quarter with a 3.1% increase in January same store sales that followed disappointing results in December and November.

    Target said sales for the five weeks ended February 2, increased 29.6% to nearly $6 billion due to the inclusion of an extra week in the recent reporting period.

  • Macy's, Kohl's post positive comps

    NEW YORK — Department store retailers reported strong sales in January as shoppers responded positively to post-holiday clearance events.  

    Overall, the 20 retailers reporting January comps saw an average rise of 5.1%, according to the International Council of Shopping Centers, which beat the mall trade group’s 3% forecasted rise.

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