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  • Instacart names former Amazon exec as operations head

    Online delivery service provider Instacart has hired a veteran of a company known for extreme efficiency to take charge of its operations.

    Mike Swartz, a retail veteran whose career notably includes a nine-year stint as director of operational excellence at Amazon.com from 1998-2007, is the new senior VP of operations for Instacart. Since Amazon, Swartz’ experience includes four years as senior VP of operations for specialty hair care e-commerce company Folica Inc. and four years as an independent consultant.

  • A penny for their business? J.C. Penney is on a roll

    J.C. Penney continues to be a bright spot in the retail sector with impressive increases in same store sales and earnings, as well as a new marketing campaign that is generating a lot of buzz.

    On Thursday the retailer announced that same store sales grew 4.1 % for the fourth quarter ended Jan. 30. A combination of strong sales growth, accelerated gross margins and disciplined expense reduction resulted in full year adjusted EBITDA of $715 million, a $435 million increase.

  • Foot Locker reports healthy Q4 sales, profit

    The CEO of Foot Locker credits the company's revised strategic framework with single digit sales gains and double digit earnings gains in the fourth quarter.

    For the period ended Jan. 30, Foot Locker reported net Income of $1.14 per share, a 13% increase from the prior year quarter. Earnings per share were $1.16, 16% above last year. Same-store sales increased 7.9%.

  • Meijer toasts craft beer growth

    Twenty years after carrying its first craft brew at a single Kalamazoo store, Meijer is selling more than 34 locally-brewed craft beers each minute in Michigan while continuing to add up-and-coming local breweries to an extensive selection that rivals specialty stores across the Midwest.

    Meijer says it expects to continue five years of double-digit volume growth in craft beer sales and plans to sell more than $90 million in craft beer in 2016, including $30 million in local and hyper-local craft beers produced by breweries in Michigan.

  • The X Factors

    One of the most exciting and rewarding things about being part of a tightly integrated national network of retail brokerages is the degree to which that network can serve as a resource unto itself. Fellow professionals from around the country and the world can engage in knowledge sharing about market-specific forces, industry observations and invaluable perspective about the changing face of the industry.

  • Foot Locker runs away with record sales, profit

    The CEO of Foot Locker credits the company's revised strategic framework with single digit sales gains and double digit earnings gains in the fourth quarter.

    For the period ended Jan. 30, Foot Locker reported net Income of $1.14 Per Share, a 13% increase from the prior year quarter. Earnings per share were $1.16, 16% above last year. Same store sales increased 7.9%. 

  • Dillard’s stocking on its own shares

    Dillard’s has approved a new share repurchase program authorizing the company to repurchase up to $500 million of its Class A Common Stock.

    The new open-ended authorization permits the company to repurchase its Class A Common Stock in the open market, pursuant to preset trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934 or through privately negotiated transactions. The company completed the authorization under its previous $500 million share repurchase program during the fourth quarter of 2015.

  • Sales slowdown at Best Buy to continue?

    Softness in the mobile phone category continues to hinder growth at Best Buy Co., which reported a drop in same-store sales in the fourth quarter and continued online strength.

    For the fiscal quarter ended Jan. 30, the electronics retailer reported a decline in same-store sales of 1.7%. Specifically, sales of mobile devices and computing devices fell 6.8% in the United States. The category accounts for 43% of the company's total U.S. revenue.

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