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  • Dollar General beats Street; to open 1,000 stores and hike store managers pay

    Dollar General on Thursday reported better-than-expected fourth quarter sales and earnings and said it planned to raise compensation and increase training for store managers.   The discounter also said it plans to open approximately 1,000 stores and remodel or relocate 900 existing stores in fiscal 2017.   

  • Two states accounted for nearly 30% of grocery store openings last year

    The Lone Star State and Golden State are ripe areas for grocery store expansion.    In 2016, more than 440 grocery stores opened in the United States, adding 18.8 million sq. ft. of space. And 27% of those stores opened in two states: Texas and California.   That’s according to JLL’s latest Grocery Tracker JLL’s latest Grocery explores four trends transforming the grocery shopping sector.    

  • Report: Amazon set to offer Chinese sellers air cargo shipment option

    Amazon is making its next global logistics move.    The online retailer plans to enable its Chinese sellers to fly their goods internationally as air cargo, according to MarketWatch.   

  • Report: Walmart to acquire another online retailer

    A fashion blog is reporting that Walmart will acquire an online fashion brand known for its eclectic and quirky styles.   Walmart’s Jet.com division will acquire Modcloth, reported CNBC, which cited the Jezebel fashion blog. The report comes on the heels of Walmart’s acquisition in February of online outdoor apparel brand Moosejaw.    

  • Williams-Sonoma Q4 profit tops Street

    Williams Sonoma Inc. on Wednesday reported adjusted fourth-quarter earnings above expectations and said its board of directors authorized a dividend increase.   In a separate announcement, the company said Sandra Stangl, president of its Pottery Barn brands, will resign from the company March 31. http://www.chainstoreage.com/article/leadership-changes-home-furnishings-retailer  

  • Consumers cautious in February

    The delay of tax refunds helped keep consumer spending in check on February.   Retail sales in February inched up 0.2% seasonally adjusted over January, according to the National Retail Federation. (The NRF numbers exclude automobiles, gasoline stations and restaurants.)   The industry’s performance in February was mixed. Electronics and appliance stores took the biggest hit, with sales falling 2.8% over the previous month.   

  • Specialty outdoor retailer’s sales — and donations — surge

    The nation’s largest consumer co-op reported a solid year amid ongoing sustainability achievements.     REI reported annual revenues of $2.56 billion in 2016, up 5.5% from $2.42 billion in 2015.    Same-store sales, which include direct to consumer sales, rose nearly 4% and digital sales grew by nearly 18%.  

  • Leadership changes at home furnishings retailer

    New leaders are set to take the reins at Pottery Barn and its sister brands.   The company announced that Sandra Stangl, president of Pottery Barn Brands, which includes Pottery Barn, Pottery Barn Kids and PBTeen, is resigning from the company on March 31, 2017, after 23 years of service.  
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