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  • TJX Cos. profit surges 21% in Q2

    Framingham, Mass. -- TJX Cos. reported Tuesday that net income for the quarter ended July 28 soared 20.9% to $421.1 million, up from $348.3 million and marking the discounter’s third consecutive quarter of rising profits.

    Revenues beat projections by climbing 8.7% to $5.95 billion.

    The owner of the Marshalls and T.J. Maxx chains raised its full-year profit forecast.

  • Walmart joins 'Hunger Games' phenomenon

    BENTONVILLE, Ark. — Lest anyone think Walmart would miss out on the opportunity to cash in on the "Hunger Games" phenomenon, the company has followed suit with Target and Toys"R"Us in offering a unique experience for fans.

  • Online retail continues to show strength

    RESTON, Va. — U.S. online retail recorded its eleventh consecutive quarter of positive year-over-year growth and seventh consecutive quarter of double-digit growth, according to ComScore.

    U.S. online retail spending reached $43.2 billion for the second quarter, up 15% over a year ago, according to ComScore.

  • Former Sports Authority CEO named chair of RYU

    Las Vegas -- Former Sports Authority chief David Campisi has been named chairman and CEO of Respect Your Universe, a performance apparel company.

  • Report: Sears to spin off Hometown, Outlet into separate public company

    Hoffman Estates, Ill. -- A report released Monday by the Associated Press said that Sears Holdings Corp. would be spinning off its Hometown and Outlet stores, along with some hardware stores, into a separate, publicly traded company.

    Earlier this year, Sears had revealed it would split the companies but had not indicated the new organization would be a separate public entity.

    There are approximately 1,238 Hometown, Outlet and hardware stores. Five Hometown stores have been closed, along with eight hardware stores and one Outlet unit.

  • French retailer Auchan inks franchise deal with India's Max Hypermarket

    Dubai, India -- A Monday report by Reuters said that French retailer Auchan has entered into a franchise agreement with Max Hypermarket, India.

    Max operates 13 hypermarkets in India, which will be rebranded as Auchan stores in early 2013.

    The pair said they plan to open 12-15 new stores annually across India. Because Max Hypermarket India Ltd is controlled by retail and hospitality company Landmark Group, which operates hypermarkets under the Max brand only in India and therefore is not restricted under foreign ownership regulations.

  • HD: Shop-in-shops: One of the decade's big ideas

    From J.C. Penney to Target to Selfridges, retailers across the spectrum are giving over valuable floor space to in-store shops. Here are some interesting observations on the phenomenon from Joanna Felder, VP intelligence and brand strategy at Chute Gerdeman, Columbus, Ohio.

    Shop-in-shops offer retailers the magic formula of flexibility, brand-enhancing cachet and the ability to attract new customer segments. The opportunity has never been better for young, entrepreneurial hip brands to find a mainstream home.

  • Express eyes international growth

    Specialty retailer Express expects to have its first stores in Latin America open by year end.

  • Vince Camuto, New York City

    Vince Camuto's namesake store in Grand Central Station, New York City, reflects the footwear's designer's edgy and feminine style and modern sensibility with mirrored product displays and polished chrome metal accents. Other materials include white lacquer and a ceramic floor.

    The design team created a  shelving system that  wraps the columns on the left side while connecting them on the right side.  The color palette takes on different shades of gray for a balance of modernism and sophistication.

  • Report: Macy’s rolling out new order fulfillment system

    New York -- Macy’s Inc. is rolling out a new order fulfillment system that lays the groundwork for same-day delivery services by leveraging the proximity of its physical store locations to its customers, according to a report on the Huffington Post.

    To date, 280 stores have been outfitted to provide shipping services.

    Online retail giants Amazon and eBay are moving in the same direction, the report said.
     

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