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  • Cheap gas prices hurt Stage Stores sales

    The CEO of Stage Stores blamed warm weather and cheap gas prices for a drop in same-store sales over the holidays.

    The company said same store decreased 2.5% for the 10-week period ending Jan. 9.

  • Young women’s apparel retailer files Chapter 11

    A decades-old apparel retailer finds itself no longer in fashion, undone by fast-fashion competition and a lack of e-commerce expertise.

    Joyce Leslie filed for Chapter 11 bankruptcy court protection in White Plains, New York, and is a likely candidate for liquidation, Women’s Wear Daily reported. The chain, founded in 1945, operates 47 stores throughout the Northeast.

  • ICSC: Omnichannel wins, with physical stores at epicenter

    A just-released holiday survey reinforces the dominance of the omnichannel shopper.

    Nearly one-third (32%) of shoppers the past holiday season used the click and collect method – with 69% of these shoppers purchasing additional items in the store when they went to pick up the item and 36% making another purchase in an adjacent store, according to the International Council of Shopping Centers’ Holiday Consumer Purchasing Trends study.

  • Barnes & Noble names new head merchant

    Just a few days after reporting an increase in sales growth over the holiday season, Barnes & Noble has named a new head merchant.

    The company announced it has promoted Mary Amicucci to be its new CMO, effective immediately. Amicucci previously held the role of VP of Adult Trade & Children’s Books and will continue to report directly to Jaime Carey, COO.

  • Strong dollar hits Bed Bath & Beyond

    A drop in same-store sales led Bed Bath & Beyond to report a 21% decline in profit for the third quarter.

    The retailer said same store sales in the third quarter ended Nov. 28 decreased by approximately 0.4%, compared with an increase of approximately 1.7% in last year's fiscal third quarter. Same-store sales from digital channels grew in excess of 25%.

    Bed Bath & Beyond reported a profit of $177.8 million, or $1.09 a share, compared with $225.4 million, or $1.23 a share, a year earlier. Revenue rose 0.3% to $2.95 billion.

  • Irvine Company announces a major $150 million reinvestment

    Irvine, Calif. -- Irvine Company announced a major $150 million reinvestment in Irvine Spectrum Center located in Irvine, California, in the heart of Irvine Spectrum, a mixed-use community that provides a balanced district of retail, office, and living space.

  • Holiday scorecard: Winners, losers and those in between

    In what was arguably one of the strangest holiday season in recent memory – for a variety of reasons – retailers have reported a variety of results ranging from impressive to outright awful.

  • Lowe’s delves deeper into VR space

    Photo: Lowes Project Tango app shows where a virtual refrigerator might fit in your kitchen. Image Credit: Google

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