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  • Ann Inc. expects higher sales for full year, Q4 2013

    New York – Ann Inc., parent company of Ann Taylor and The Loft, expects net sales and same-store sales to increase for the fourth quarter and full year fiscal 2013, on a year-over-year basis. For the full year, Ann Inc. issued guidance for total net sales of $2.49 billion, reflecting a total net sales increase of 5% and a same-store sales increase of 2%.

  • Juice press to open five NYC locations by summer

    New York — Juice press has announced plans to open five new locations in New York City in the spring and summer of this year. The locations include Chinatown, Tribeca, Midtown, Bridgehampton and the World Financial Center.

    The new locations will bring the juice press total to 19.

  • Fairway seeks CEO

    Fairway Group Holdings' Herbert Ruetsch plans to retire after 15 years with the company, including the last two years as its CEO. Ruetsch will remain a special adviser to the company and continue to provide input into certain merchandising and product initiatives.

  • The Wet Seal sales drop for Q4, full year 2013

    Foothill Ranch, Calif. – The Wet Seal Inc. reported declines in net and same-store sales for the fourth quarter and full fiscal year 2013, compared to the same periods in the prior year. During the fourth quarter, Wet Seal reported net sales of $122.8 million, down 22.8%, and a 16.5% drop in same-store sales.

  • NRF forecasts 4.1% rise in retail sales for 2014; online to grow 9% to 12%

    Washington, D.C. -- Retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 4.1% in 2014, up from the preliminary 3.7% growth seen in 2013, according to the National Retail Federation. The association’s 2014 economic forecast, released Thursday, calls for online sales to grow between 9% and 12%.

    A number of factors contributed to NRF’s 2014 economic forecast, including:

  • Fairway Markets CEO to retire

    New York -- Fairway Holdings Corp., operators of Fairway Markets, announced that CEO Herbert Ruetsch will retire after fifteen years with the company, including the last two years as chief executive.  Ruetsch will remain a special advisor to Fairway and continue to provide input into certain merchandising and product initiatives.

    William Sanford, president of Fairway, will assume the role of interim CEO while the board undertakes a search for a permanent replacement.

  • Costco opens 2014 with January sales increase

    Costco reported net sales of $8 billion for the four weeks ended Feb. 2, representing an increase of 6% from the similar four-week period last year.

    Comparable store sales across Costco's U.S. store base were up 5%.

    For the 22 weeks ended Feb. 2, Costco reported net sales of $46.3 billion, representing a similar increase of 6% versus the year-ago period.

    The company plans to release its operating results for the second quarter Thursday, March 6.

  • Manhattan Associates signs, expands retailer implementations in Q4

    Atlanta – Supply chain technology provider Manhattan Associates Inc. both signed and expanded implementation agreements with a number of retail clients during fourth quarter 2013. New retail clients signed during the quarter include Arcadia Group, Body Central Stores, Desigual, and Woodcraft Supply.

    In addition, Manhattan expanded relationships with existing retail customers such as Aldi, Belk, Cornerstone Brands, Devanlay SA (Lacoste), HEB Grocery, Phillips-Van Heusen, and Toys "R" Us.

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