Skip to main content

Department Store

  • Kantar: December same-store sales soften

    Columbus, Ohio -- Retail same-store sales eased to 3.2% growth in December in the wake of November’s exceptionally strong promotional activity and an ongoing shift toward online shopping, according to Kantar Retail. The sales-weighted composite for the 31 retailers reporting -- most of them apparel retailers -- was weaker than the 5.6% same-store sales gain last month, but slightly better than the 3.0% gain in December of 2009. (The calculations no longer include Walmart, which stopped reporting monthly results in 2009. )

  • TJX beats street in December

    TJX reported same-store sales of 2% December, beating Wall Street estimates for a 2.5% decline. Total sales rose 6% to $3 billion.

    "I am extremely pleased with December's sales results, as we significantly exceeded our plans during this important period," TJX CEO Carol Meyrowitz, CEO, TJX.

  • Many retailers fall a bit short in December; Limited and Abercrombie shine in specialty sector

    New York City -- After coming off a strong November, retailers found their momentum waned in December, with many turning in mixed sales for the month. Industry experts said sales were impacted by a still-cautious consumer and the blizzard the crippled the Northeast in the days immediately following Christmas.

    Thomson Reuters, which tracks same-store sales for a group of 28 national chains, said total sales for the group were expected to post a 3.4% increase in same-store sales for December, following a 5.6% bump in November.

  • Report: Anchor Blue to liquidate

    New York City -- Teen specialty retailer Anchor Blue has closed its headquarters and is in the process of winding down operations at its 120 stores, Women’s Wear Daily reported.

    Based in Corona, Calif., Anchor Blue is owned by private equity firm Sun Capital partners.

  • Five new tenants to open at Paster centers in the Twin Cities

    St. Paul, Minn. -- Paster Enterprises said that five new tenants have been secured at the company’s projects throughout the area. New tenants include Furniture CLW, No Box TVs, Chickadee’s House, Anytime Fitness and Wilson’s Leather Outlet.

    In Crystal Shopping Center, a 370,000-sq.-ft. community center, Wilson’s Leather Outlet will open a 3,171-sq.-ft. store. In Lexington Plaza Shoppes, a 26,747-sq.-ft. neighborhood center, Chickadee’s House will open a 1,332-sq.-ft. bird enthusiast store.

  • Year-over-year sales up 6.5% for week ending Jan. 1

    Chicago -- Year-over-year retail sales increased 6.5% for the week ending Jan. 1, according to ShopperTrak’s National Retail Sales Estimate, while the company’s Retail Traffic Index (SRTI) reported foot traffic rose 4.1% for the same period.

  • Sears names president of Retail Services unit

    Hoffman Estates, Ill. -- Sears Holdings announced that Deidra Cheeks Merriwether has been promoted to senior VP and president of its Retail Services business unit, succeeding James H. Haworth who will be leaving the company to pursue other opportunities. Merriwether will be responsible for the oversight and leadership of retail services for all Kmart and Sears stores.

  • Reports: Sears and Urban Outfitters among those eyeing J. Crew

    New York City -- Reports circulated Wednesday that several potential suitors, including Sears Holdings and Urban Outfitters, have been studying J. Crew’s books. Urban Outfitters is seriously weighing a counterbid for the high-flying preppy retailer, according to a report in The New York Times. At least two other private-equity firms are also receiving confidential data on the New York-based retailer, Bloomberg reported.

X
This ad will auto-close in 10 seconds