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  • A favorable outlook for BTS

    Shoppers face a lot of economic headwinds this back-to-school season, but one forecaster has seasonal sales growing by 6.2% to $467 billion, the most since 2006.

    That’s according to retail consultants Customer Growth Partners’ annual BTS forecast, which defies warnings of a double-dip recession and sees American households as being more resilient with their back-to-school spending during the July through September time frame.

  • Indian retailer taps former Wal-Mart China execs

    Bangalore, India -- According to multiple reports on Monday, India’s largest retailer has hired two former executives of Wal-Mart Stores’ China operations as its two top executives.

    Reliance Industries Ltd., which operates 1,000 retail stores across India selling everything from produce to electronics, has named Rob Cissell as CEO of Reliance Retail Ltd. and has named Shawn Gray as COO.

  • Aldi to open first New Hampshire location

    Boston -- WS Development announced that Aldi will open a new store at Stateline Shopping Center, located in Salem, N.H.

    The new store, the grocer’s first in the state, will join a newly opened Lowe’s anchor, as well as Sovereign Bank and NAMCO at the recently redeveloped 232,000-sq.-ft. shopping center.

  • Wal-Mart names Asda COO

    Bentonville, Ark. -- Wal-Mart Stores announced Friday that its U.K.-based Asda unit has promoted Judity McKenna to the position of COO.

    McKenna is currently Asda’s finance director.

  • Congratulations rue21!

    Teen apparel retailer rue21 is celebrating the opening of its 700th store, in New Braunfels, Texas. The chain is on track to open 110 locations this year. Commented president and CEO Bob Fisch: “We remain one of the fastest growing retailers in the nation. I would like to thank our real estate, construction and field teams and recognize their hard work, which allows us to celebrate another significant milestone for rue21."
     

  • Rue21 opens 700th store, on track to open 110 stores in fiscal 2011

    Warrendale, Pa. -- Rue21 said Thursday it has opened its 700th store, located in New Braunfels, Texas.

    The store is Rue21's 80th in the state. Year-to-date, the retailer has opened 63 stores and said it is on target to open 110 new stores and convert 35 existing stores to its larger etc! format in fiscal 2011.

    Long-term growth strategy includes opening in strip centers, regional malls and outlet centers, and the New Braunfels location is Rue21's 360th strip center location.

  • Dollar store traffic trends remain a concern

    Family Dollar disappointed its investors this week with a third-quarter earning report in which gross margin pressures caused the company to report earnings per share of 91 cents that were four cents shy of analysts’ consensus estimates. The operator of 6,900 stores also said its 4.7% same-store sales increase was short of guidance of 5% to 7% and then used the occasion to lower fourth-quarter sales and earnings forecasts.

  • Bealls to open at Loop West shopping center

    Orlando, Fla. -- Boston-based The Wilder Cos. said that Bealls will open a new department store at Loop West, located in the southern portion of the Orlando, Fla., market.

    Loop West, along with adjacent center The Loop, make up an 840,000-sq.-ft. shopping complex housing 14 specialty anchors and 55 shops, services and eateries. Anchors include Kohl’s, J.C. Penney, TJ Maxx, Bed Bath & Beyond, DSW Shoes, Regal Cinema and more.

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