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  • Costco Q4 profit jumps 27%

    Issaquah, Wash. -- Costco Wholesale Corp. reported Wednesday that net income for the quarter ended Sept. 2 jumped 27% to $609 million, from $478 million in the year-ago period. The warehouse club operator credited strong sales and higher member fees for the improved profit performance.

    Sales climbed 14% to $31.52 billion, and same-store sales rose 5%. Membership fee revenue rose 18% to $694 million. The company said it plans to open up to 14 new warehouses before the end of calendar year 2012.

  • Intermix to open in Center City

    Philadelphia -- Fashion retailer Intermix has opened its 30th store at 1718 Walnut Street in Center City, Philadelphia, according to Metro Commercial, which negotiated the 3,386-sq.-ft. lease.

    The retailer will occupy space on the ground floor of the Rittenhouse Claridge, a landmark building owned by Kaiserman Co. Metro Commercial searched for the ideal location for Intermix for over two years.

     

  • MassageLuXe opens at Streets of St. Charles

    St. Charles, Mo. -- Peoria, Ill.-based Cullinan Properties said that MassageLuXe has opened at the Streets of St. Charles, a new mixed-use development in St. Charles, Mo.

    MassageLuXe joins Streets of St. Charles Dental and the first Five Guys Burgers & Fries location in St. Charles County. Opening soon are two full-service restaurants that are new to Metro St. Louis -- Tucanos Brazilian Grill and Prasino.

  • H&M joins NYC skyline with Times Square store

    NEW YORK — H&M will cement its place in New York City with the opening of its 13th store in Times Square.

    The retailer has announced the lease signing for a 42,500 sq. ft. space that will become part of the NYC skyline, complete with 70 ft. by 70 ft. signage at the top of the store.

    The store will feature three floors housing collections for ladies, men and children.

  • Cam Newton scores exclusive collection with Belk

    CHARLOTTE, N.C. — Belk has  partnered with NFL quarterback Cam Newton to launch an exclusive line of men's apparel.

    The Made Cam Newton collection will first include professional apparel options for men and will expand to include accessories and shoes in fall 2013.

  • Duncan Hines introduces limited-edition Frosting Creations flavor mixes

    PARSIPPANY, N.J. — Duncan Hines has introduced limited-edition flavors under its Frosting Creations line.

    Evoking traditional, nostalgic holiday flavors and aromas, Duncan Hines already has introduced apple pie and pumpkin spice flavors to the market, followed by the debut of peppermint stick and gingerbread flavor mixes on Nov. 1.

  • 99 Cents Only seeks to bring cheap chic to Rodeo Drive

    COMMERCE, Calif. — Rodeo Drive is the place where Julia Roberts got the last laugh in "Pretty Woman" and the home to some of the most sought-after fashions in the world. But perhaps there is room on the iconic street for a more inclusive retail destination.

    In that vain, 99 Cents Only Stores has issued a press release announcing its search for retail property on Rodeo Drive and is encouraging anyone with information on available retail space on Rodeo Drive is to contact its real estate department.

  • Wal-Mart testing same-day delivery for holidays

    Bentonville, Ark. -- Wal-Mart Stores said Tuesday it is testing same-day delivery service in four markets over the holiday shopping season.

    The service is being tested in northern Virginia, Philadelphia, Minneapolis and San Francisco/San Jose, Calif. Geared toward customers who buy popular items online during the holidays, the test includes about 5,000 items and builds on a same-day grocery delivery service the retailer launched in San Jose in April 2010 and tested in San Francisco in 2011.

  • Retail container imports to increase 9.9% in October

    Washington, D.C. -- The Global Port Tracker report released Tuesday by the National Retail Federation and Hackett Associates found that import cargo volume at the nation’s major retail container ports is expected to increase 9.9% in October as merchants wrap up the annual shipping cycle for holiday merchandise.

  • Nordstrom Rack to open in Cleveland, Chicago

    Seattle -- Nordstrom Inc. said Tuesday that it has opened a second Cleveland Nordstrom Rack store – at the Promenade in Crocker Park, owned and managed by Stark Enterprises.

    The 34,000-sq.-ft. store is slated to open fall 2013 in a former Border’s space at the lifestyle shopping center located in Westlake, Ohio, and tenanted by Bed Bath & Beyond, H&M, Trader Joe’s, Victoria’s Secret and The Cheesecake Factory.

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