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  • What recovery? Sales decline and loss expands at ODP

    If the economy is improving someone forgot to tell Office Depot’s customers. The company reported a third quarter loss of $70 million loss on sales that declined 5% to $2.7 billion.

  • OfficeMax economic indicator shows softness

    Third quarter sales at OfficeMax declined 1.7% to $1.74 billion and same store sales dropped 2.1% due to weak demand for office products.

  • Spanx opens first freestanding store

    Atlanta -- Shapewear hosiery marketer Spanx has opened its first standalone location, a 1,200-sq.-ft. store in Tysons Corner Center in McLean, Va.

    "With a growing product collection and fan base, our own dedicated space was inevitable,” said Spanx CEO Laurie Ann Goldman.

    Two additional stores are set to open this fall, in King of Prussia, Pa., and Westfield Garden State Plaza, Paramus, N.J.

  • Neiman Marcus to launch international shipping for e-commerce customers

    Dallas -- Neiman Marcus Group said Tuesday it has launched international shipping and payment options for online sales via a relationship with global e-commerce expansion platform FiftyOne Global Ecommerce.

    The move will allow Neiman, which has only a domestic bricks-and-mortar presence, to expand its online reach to 100+ countries. It kicks off with a promotional flat-rate shipping offer on all international purchases through Dec. 10.

  • Aaron's opens five stores in five states

    Atlanta -- Aaron’s said Tuesday it is opening five of its lease-to-own stores in the Midwest, south and on the East Coast.

    From mid October to early November, Aaron's stores have opened in Delaware, Ohio; Ionia, Mich.; Franklin, Ky.; Indianola, Miss., and Towson, Md.

    In September, the company opened its 2,000th store – located in the Bronx, N.Y.

     

  • CVS Q3 profit leaps 16% on higher sales

    Woonsocket, R.I. -- CVS Caremark Corp. reported Tuesday that net income for the quarter ended Sept. 30 jumped 16% to $1.01 billion, compared with $868 million in the year-ago period. Results were boosted by a 13.3% increase in revenue to $30.2 billion, which edged Wall Street’s forecast of $30.09 billion in revenue.

    Drugstore revenue rose 5.5% to $15.5 billion, and same-store sales climbed 4.3%, helped by the influx of Walgreens customer who switched to CVS during the split between Walgreen Co and Express Scripts Holding Co.

  • Report: Amazon packages for pick-up at Staples

    New York -- According to a Monday report by Reuters, Staples will install Amazon lockers inside its U.S. stores, providing consumers an alternative location to receive packages from the online retailer.

    According to the report, customers are sent an email code with a pickup code for opening the locker. Shoppers then have three days to retrieve the package.

     

  • Office Depot swings to loss in Q3, but results beat Street

    Boca Raton, Fla. -- Office Depot Inc. reported Tuesday a loss of $61.9 million for the third quarter, compared with net income of $100.9 million in the same period last year. Results still edged analysts’ expectations.

    Revenue dropped 5.1% to $2.69 billion, missing Wall Street’s expected $2.89 billion revenue mark.

    Revenue for the office supply chain has fallen for the past three quarters.

     

  • Tiffany to open flagship in Paris

    NEW YORK — Tiffany & Co. announced plans to open a 10,000 sq. ft., multi-level flagshop store in Paris in 2014. The store will be located at 62, Avenue des Champs Elysées.

  • Narcisco Rodriguez arriving at Kohl's

    MENOMONEE FALLS, Wis. — Kohl’s Department Stores has announced that the Narciso Rodriguez for DesigNation collection will be available nationwide on Nov. 7 at 7 a.m.

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