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  • Brand Keys: Back-to-school sales to decline; Amazon and Wal-Mart strong

    New York -- Households with school-age children (pre-kindergarten through 12th grade) plan a big cut-back in back-to-school spending. Results of the 2013 Brand Keys Back to School Report Card show that there will be a year-over-year decrease of 10% in back-to-school spending, or an average spend this year of just more than $600 per household.

    However, not every retailer will experience a decline in back-to-school profits. This year, the eight retailers showing the greatest increase in consumer intent-to-shop were:

    1. Amazon

  • New formats chief to leave Walmart

    Less than a year after Walmart International named Lev Khasis to the role of president and CEO of new formats, the former Russian retail executive is heading back to his homeland to lead a financial institution.

  • Kicks USA signs into Somerdale, N.J., center

    Purchase, N.Y. — Kicks USA has leased a 4,600-sq.-ft. store at CooperTowne Center in Somerdale, N.J., said National Realty & Development Corp.

    The urban, family apparel and athletic footwear retailer will Join anchors Wal-Mart Supercenter, Cinemark Theatres and LA Fitness.

     

  • Five Below entering Texas with four locations in Austin

    Philadelphia -- Five Below will make its Texas debut, opening four locations in Austin. The stores, slated to open Aug. 2, are the first of more than a dozen stores Five Below plans to open in the Lone Star state this year.

    Targeted at pre-teens and teens, Five Below offers a variety of merchandise across a number of retail categories, with every item priced $1 to $5

  • Sleepy’s to open in two Chicagoland centers

    Chicago — Sleepy’s has signed into two Chicagoland shopping centers as part of the mattress chain’s expansion in the mid-west.

    According to Mid-America Asset Management Inc. www.midamericagrp.com, which handles leasing for both centers, Sleepy’s has taken 6,075 sq. ft. at Cicero Annex in Chicago and 6,507 sq. ft. at Willow Creek Center in Glenview. The Chicago location plans to open this summer; the Glenview store opened recently.

     

  • Veteran retailer Allen Questrom joins Men’s Wearhouse board

    Fremont, Calif. -- Allen I. Questrom, who has held CEO and other senior executive positions at several major retailers in the past 40 years, has joined the board of directors of The Men’s Wearhouse. With the addition of Questrom, currently a member of the boards of directors of Sotheby's and the Glazer family of companies, Men’s Wearhouse has nine directors, seven of whom are independent.

  • New 99 Cents Only Store opens in Houston

    City of Commerce, Calif. — Celebrating the grand opening of its newest Houston store — 11,490 sq. ft. — 99Cents Only Stores will sell Westinghouse 40-in. flat-screen TVs for just 99 cents to the first nine customers in line.

    There will be additional prizes for the next 198 customers in line.

     

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