Discount Store

CITY OF COMMERCE, Calif. — A strong earnings and sales performance during its fiscal second quarter gave 99 Cents Only Stores the confidence to raise its full year guidance and become more aggressive with store growth. The company reported that total retail sales increased 9% to $352.2 million and same-store sales increased 6.7% for the second quarter. Consolidated net income increased by $2.2 million to $15.1 million or 21 cents per diluted share, versus $12.9 million in the prior year, or 18 cents per diluted share

Overall, there was a slight upward trend in both size of inserts and circulation, with a 5% increase in the number of pages per insert and 2 % increase in the average number of inserts across markets.

New York City -- Deloitte’s 26th annual holiday survey of consumer spending intentions and trends, released Thursday, found that nearly half (48%) of consumers say they most likely will shop for gifts online this holiday season – a 13% increase from last year. 

This makes the Internet the No.1 shopping destination, now tied with discount stores, for the first time since adding the channel to Deloitte’s annual study.

Ontario, Calif. -- Last Call by Neiman Marcus will open a first-to-market store in May 2012 at Ontario Mills, a Simon-owned property that is the largest outlet and value retail shopping destination in California with more than 200 stores.

When it comes to Black Friday, you’re either in or you’re out. If you’re like me, the whirlwind of retail chaos that swirls around shopping centers the Friday after Thanksgiving can feel a bit overwhelming. The sales and deep discounts are tempting, but wading through crowds and fighting for parking spaces is not my idea of a “happy” holiday. But I have plenty of friends and family – and I’m sure you do too – who look forward to Black Friday with the anticipatory excitement of kids on Christmas Eve.

Seattle -- Nordstrom Rack announced plans to open a store in San Diego. It will be the brand’s fourth location in San Diego.

The approximately 39,000-sq.-ft. store is scheduled to open during fall 2012 at Carmel Mountain Plaza. Carmel Mountain Plaza is owned and managed by American Assets Trust.

 

New York City -- Brixmor Property Group said Friday that four national tenants – Books-A-Million, Big Lots, Dick’s Sporting Goods and REI – will occupy former Borders locations in California, Colorado, Connecticut, Michigan and North Carolina.

BOULDER, Colo.— Kohl’s is the nation’s favorite fashion retail chain, according to an annual consumer survey conducted by Market Force Information, a worldwide leader in customer intelligence solutions. This is the third year in a row that Kohl’s has earned the top spot. Nordstrom ranked as consumers’ second favorite, followed by Macy’s, Dillard’s and JCPenney. Rounding out the top ten were Coldwater Creek (6), Ann Taylor Loft (7), T.J. Maxx (8), Old Navy (9) and Marshalls (10).