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  • Costco co-founder Jim Senegal to receive NRF Gold Medal Award

    Washington, D.C. - Jim Sinegal, Costco co-founder and board member, will receive the Gold Medal Award in 2014 during the National Retail Federation (NRF) Annual Conference and Expo in New York City. In addition, NRF has named South Korea’s Lotte Shopping as the International Retailer of the Year.

    Nike has been named Retail Innovator of the Year, and Half Price Books’ Executive VP  and chief strategy officer Kathy Doyle Thomas has been selected as 2014’s Silver Plaque recipient.

  • Giant Eagle, McMurray, Pa.

    Giant Eagle's new Market District Express prototype combines fresh, chef-created meals with traditional and specialty groceries in a 15,500-sq.-ft. supermarket/convenience store hybrid format. The store also includes a restaurant and pharmacy with drive-through access.

    Giant Eagle views this latest development as a test. According to various reports, however, plans are already on the drawing board to build two additional Market District Express locations in Ohio, one in the Columbus market and the other in the Cleveland area.

  • Tennis Express Aces Customer Segmentation

    Tennis is an individual game, and tennis players have individual tastes when it comes to buying gear and apparel. For Houston-based Tennis Express, a specialty retailer of tennis equipment, apparel, footwear and accessories, segmenting customers in order to better meet their individual needs and tastes is shaping up to be a winning effort.

  • Roundabout takes third Manhattan location

    New York — Faith Hope Consolo, chairman, and Joseph A. Aquino, executive VP of Douglas Elliman’s Retail Group, have arranged a third Manhattan location for Roundabout, a luxury consignment and resale retailer.

    The new location between 82nd and 83rd Streets is also the brand’s second Madison Avenue store.

     

  • J.C. Penney ‘pleased’ with holiday performance, but offers no sales data

    Plano, Texas -- J.C. Penney issued a brief statement on Wednesday saying that it was "pleased” with its performance for the holiday selling period, and reaffirmed its fourth quarter fiscal 2013 guidance for increased same-store sales. But the retailer did not provide any specific sales data.

  • Container Store Q3 net income slightly drops

    Coppell, Texas – The Container Store Group Inc. saw its net income drop about 2%, to $5.2 million from $5.3 million, during the third quarter of fiscal 2013. This occurred while net sales grew 7.3%, to $188.3 million from $175.4 million, and same-store sales increased 4.7%.

  • Report: Apple opens store on Chinese online marketplace

    Cupertino, Calif. – Apple Inc. has reportedly opened a digital store on the Chinese online marketplace Tmall. According to the Wall Street Journal, the design of the Tmall digital store is similar to the design of Apple’s own Chinese e-commerce site.

  • Design Within Reach selects NetSuite

    Stamford, Conn. -- Design Within Reach, Inc., a multi-channel retailer of modern furniture, selected NetSuite as its core business management platform to support the company's growth. Design Within Reach plans to begin by leveraging NetSuite to power its core financials/ERP, inventory management, point-of-sale and order management processes.

  • Barnes & Noble appoints current president to CEO

    New York – Barnes & Noble, Inc. has appointed president Michael P. Huseby to CEO. Immediately, in his role, Huseby will be responsible for all of the company’s business units including Barnes & Noble Retail, Barnes & Noble College and Nook Media.

    He will report to the board of directors and has been elected to serve on the board. Huseby joined Barnes & Noble as CFO in March 2012, and was promoted to president in July 2013.

  • ShopperTrak: Holiday sales up 2.7% on lower traffic

    Chicago -- Despite the shortened holiday season and extreme weather in many areas of the country in the weeks leading up to Christmas, retailers finished the 2013 holiday shopping season with increased sales. According to ShopperTrak, during the holiday shopping season of November and December 2013, national retail sales increased 2.7% and foot traffic decreased 14.6% when compared to the same two months of 2012.

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