Skip to main content

Department Store

  • Target awareness strong well before Canadian entry

    Cambridge, Mass. — Target should be feeling confident about its upcoming entry into Canada, as a recent survey from Kantar Retail and TNS Canada revealed that 75% of Canadians are aware of the retailer.

    Furthermore, 43% of Canadian consumers said that they were likely to shop at Target Canada for grocery or health and beauty aids and 50% were likely to shop at Target Canada for general merchandise or apparel.

  • Children's Place names new board member

    Secaucus, N.J. — The Children's Place Retail Stores has named Tricia Griffith to the company's board of directors.

  • September retail sales rose more than forecast

    Washington, D.C. -- A report released Monday by the Commerce Department showed that retail sales in the U.S. climbed more than anticipated in September, boosted by unexpected increases in household spending.

    Sales advanced 1.1% in September, on the heels on a 1.2% increase in August that was the biggest since Oct. 2010. The median forecast of 77 economists surveyed by Bloomberg called for a 0.8% rise in September.

  • NRF: Consumer spending surged 0.4% in September

    Washington, D.C. -- The National Retail Federation reported Monday that September retail sales – excluding autos, fuel and restaurants – increased a seasonally adjusted 0.4%, thanks to strong showings from clothing and electronics stores.

    Unadjusted, retail sales gained 2.1% year over year.

  • Survey: 54% of shoppers will spend $500+ on holiday gifts

    Los Angeles -- Research results released Monday by PriceGrabber – augmenting its previously released winter holiday shopping survey – revealed that more than half (54%) of consumers plan to spend $500 or more on gifts this season, slightly higher than 2011.

    In a demonstration of online channel strength, 75% of respondents selected online retailers when asked to select the types of stores they plan to shop for holiday gifts. Discount stores followed with 74%, and traditional department stores came in third place with 49%.

  • Northgate Mall redevelopment will add Ross and Michael’s

    Chattanooga, Tenn. -- CBL & Associates Properties said Monday it will renovate and redevelop its Northgate Mall property in Chattanooga, Tenn., with the first phase adding Ross Dress for Less and Michael’s Arts & Crafts, as well as redeveloping the adjacent T.J. Maxx-anchored community center.

    Construction will begin on the associated center in early 2013 with completion anticipated in fall 2013.

  • Deloitte index rises on improved housing, but job market still sluggish

    NEW YORK — The Deloitte Consumer Spending Index to 3.53 in September from a reading of 3.27 the previous month, primarily due to a nearly 11% increase in home prices, which offset weakness in other areas of the index.

  • Grossman Development Group begins site work for Granite Ridge Marketplace

    Boston -- Grossman Development Group (GDG), a boutique real estate development firm led by Howard Grossman, announced that it has begun site work for the 330,000-sq.-ft. Granite Ridge Marketplace, a 57-acre shopping center development located in Rochester, N.H.

    The development, which boasts a trade area of 198,000 people, will feature a mix of anchor retail, junior anchor retail, small stores, restaurants and entertainment. It is located on Route 11, the gateway to the Lakes Region of New Hampshire and close to the Maine border.

     

X
This ad will auto-close in 10 seconds