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  • Williams Sonoma Q3 profit up 16%; raises full-year view

    San Francisco -- Williams-Sonoma Inc.'s on Thursday reported that its third-quarter profit rose a better-then-expected 16% as same-store sales increased across all its brands. The company also raised its full-year view.

  • Amazon to get early start on Black Friday week deals

    Amazon.com is going to start offering Black Friday deals a day earlier than last year, beginning Sunday, Nov. 24, as often as every 10 minutes.

    “We are heading into the busiest and most fun time of the year for Amazon, with an astonishing number of deals for customers,” said Craig Berman, VP, Amazon Global Communications.

    Consumers will be able to pick from an assortment of electronics, toys, books, movies and tools and will be also able to shop via the mobile shopping app.

     

     

  • TitleMax, Curry in a Hurry sign DC Metro leases

    Rockville, Md. — TitleMax, a title lending company, and Curry in a Hurry have signed leases in the Washington, D.C., metropolitan area, according to Divaris Real Estate, which represented both tenants in the transactions.

    TitleMax took 1,850 sq. ft. in Manassas Park Center in Manassas Park, Va. TitleMax has more than 1,000 stores in 12 states.

    Curry in a Hurry leased 1,706 sq. ft. in Southbridge Plaza in Dumfries, Va. Curry in a Hurry joins Quiznos, Five Guys, Pizza Boli’s and Mandrian Court.

  • Target sales deteriorate faster than expected

    Add Target to the list of retailers whose weak third quarter sales performance highlighted troubling spending behaviors that threaten to undermine its holiday sales performance.

    The company reported disappointing third quarter sales and profits Thursday morning and then stated the obvious that shoppers will price sensitive during an intensely competitive holiday season. The company said same store sales increased 0.9%, slightly less than the company’s forecast provided on August 21 which called for an increase of 1% to 2%.

  • Survey: Dec. 21 to be biggest shopping day for jewelry and luxury

    New York -- MasterCard Advisor’s latest MasterCard Spending Pulse survey found that there are some product categories that won’t see the biggest spending uptick on Black Friday and Cyber Monday.

    The monthly SpendingPulse report anticipates that the biggest shopping day of the season for jewelry and luxury retailers will be Dec. 21 – the last Saturday before Christmas, which is becoming commonly known as “Super Saturday.”

  • Sears stays focused following third-quarter loss

    Despite its continuing turnaround efforts, Sears Holdings widened its loss in the third quarter after sales fell at both Sears and Kmart.

    The company reported a net loss for the quarter ended Nov. 2 of $534 million, or $5.03 a share, from $498 million, or $4.70 a share, a year earlier.

  • China, U.S., U.K. top e-commerce opportunity study

    New York -- China takes the top spot in online retail market opportunity, followed by Japan, the United States, the United Kingdom, and Korea, according to a new global e-commerce study by A.T. Kearney. (Kearney’s “2013 Global Retail E-Commerce Index” is comprised of 30 developed and developing markets.)

  • Target profit falls 46% on Canadian costs; trims full-year forecast

    Minneapolis -- Target Corp.'s third-quarter net income fell 47%, hurt by costs related to its Canadian expansion. Its adjusted profit beat analysts' estimates, but sales fell short. The retailer lowered its full-year adjusted earnings forecast.

    For the three months ended Nov. 2, Target earned $341 million, or 54 cents per share, down from $637 million in the year ago period. Removing Canada-related expansion costs and other items, earnings were 84 cents per share.

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