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eCommerce

  • J.C. Penney to close 40 stores

    Plano, Texas – It will not be a happy New Year for employees of some 40 J.C. Penney stores. The company on Thursday said that it plans to close approximately 40 stores, which represent less than 4% of its total store base, on or about April 4, 2015. The closures will affect about 2,250 employees.

  • Costco comps surge 8% in U.S.

    Costco showed again in December why it’s the cream of the crop among warehouse club stores.

    The Wash.-based retailer reported an increase of 8% in same store sales in the United States, excluding gasoline sales and foreign exchange. Same-store sales at international stores rose by 1%.

    Net sales for the retailer rose 5% to $12.12 billion in December from $11.53 billion a year earlier.

  • Retail Performance Pulse report shows holiday traffic decline

    San Jose, Calif. -- Despite some surprising showings over the holiday 2014 shopping season, a report by RetailNext said that overall traffic at brick-and-mortar stores dipped 7.1% for the Nov. 30-Jan. 3 shopping period.

    The newly released Retail Performance Pulse also showed a 6.5% year-over-year decrease in sales.

  • Stage Stores guidance upstaged by holiday sales

    Stage Stores is reporting a strong holiday sales season despite predictions from the company’s CEO that December would be very challenging for apparel retailers.

    The parent company of Beall’s, Goody’s and other stores reported an increase in same store sales of 6.5% for the nine week period ending Jan. 3.

  • Gamers help lift Conn's in December

    An improvement in delinquency rates helped Conn’s in December, as the company reported an 11.5% increase in total net sales.

    Conn’s total sales, which the company reported at $132.4 million, were impacted approximately 7% by tighter consumer finance underwriting, the company said, which was implemented in response to rising credit delinquencies and defaults. The action improved 60-plus-day delinquency rates in December by 30 basis points over November, the company reported. The company also said same store sales edged up only 0.5% due to plummeting tablet demand.

  • Lowe’s makes homes smarter with Icontrol

    Mooresville, N.C. – Lowe’s is taking its Iris smart home program and trying to make it even smarter, with help from connected home platform provider Icontrol Networks. Starting in early 2015, many Lowe's Iris smart home devices will be certified through Icontrol's OpenHome Developer Program, allowing these devices to work seamlessly with Icontrol-powered solutions.

  • Aeropostale holiday sales fail to take off

    New York – Aeropostale did not deliver strong holiday sales in 2014. Total net sales for the nine-week period ended Jan. 3, 2015 decreased 11% to $507.8 million, down 11% from $572 million in the 2013 holiday season

    Same-store sales, including the e-commerce channel, decreased 9%. The company said profit margins during the holiday period were higher than expected and same-store sales were within original guidance for the quarter.
     

  • Costco comps surge 8% in U.S.

    Costco showed again in December why it’s the cream of the crop among warehouse club stores.

    The Wash.-based retailer reported an increase of 8% in same store sales in the United States, excluding gasoline sales and foreign exchange. Same-store sales at international stores rose by 1%.

    Net sales for the retailer rose 5% to $12.12 billion in December from $11.53 billion a year earlier.

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