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  • Lower-than-expected retail sales affect Men's Wearhouse second quarter

    The Men's Wearhouse experienced a decline in customer traffic and a subsequent drop in retail clothing sales during the second quarter ended Aug. 3, and has lowered its guidance as a result.

  • Online fashion subscription retailer JustFab opens its first store

    El Segundo, Calif. -- JustFab, the online fashion subscription retailer, has opened a 3,000-sq.-ft. flagship at the Glendale Galleria, Glendale, Calif. It is the company’s first physical store.

    “We have created the global leader in fashion subscription in just three short years and will now bring our customized shopping experience into physical stores to enable customers to touch and feel our products," said co-CEO Don Dom Ressler.

  • Dollarama focuses on growth following solid Q2 results

    MONTREAL — Dollarama has opened 93 net new stores in the past 12 months, including 22 during the second quarter ended Aug. 4, for a total of 828. This accelerated growth helped drive sales for the quarter, which increased 16% to $511.3 million from $441.0 million in the prior-year quarter.

  • Winick signs Bareburger into Columbus Square

    New York — Organic burger restaurant Bareburger has signed a lease for 1,875 sq. ft. at 795 Columbus Avenue in New York City. It will be the chain’s first Upper West Side location as well as the first sit-down restaurant to lease space in the Columbus Square development project.

    Winick Realty Group represented Bareburger in the transaction.

     

  • Restoration Hardware reports Q2 net loss on charges; same-store sales surge 26%

    Corte Madera, Calif. -- Restoration Hardware Holdings reported a net loss  of $17.8 million for the second quarter, compared with net income of $17.6 million in the same quarter a year earlier, due to charges linked to stock awards given to chairman and co-CEO Gary Friedman.

    Net revenues for the second quarter of fiscal 2013 increased 30% to $382.1 million from $292.9 million last year.

  • Why Target loves showrooming

    Pundits and the media have cast showrooming at various times as either a scourge to brick-and-mortar retailers or as a death knell — another proverbial nail in the coffin.

    There’s no question that showrooming, where shoppers browse products in a store and then purchase online, is a threat to retailers like Target that have a significant investment in real estate and physical stores.

    However, less publicized is the fact that showrooming is also the greatest opportunity for retailers.

  • Tesco's to sell Fresh & Easy

    EL SEGUNDO, Calif. — Private investment firm Yucaipa Cos., which was founded by billionaire Ron Burkle, plans to acquire Fresh & Easy Neighborhood Market from U.K.-based Tesco PLC.

    Yucaipa's purchase is slated to be complete within three months. In the meantime, it is expected to be business as usual for most Fresh & Easy stores.

  • Central New Jersey retail vacancy rate rises to 9.8%

    Old Bridge, N.J. — The retail vacancy rate along central New Jersey’s major shopping corridors increased to 9.8% this summer, according to R.J. Brunelli & Co.’s 24th annual study of the central New Jersey market.

    The disappointing upward spike follows a major decline from a 10-year high of 10.5% to 9.1% between 2011 and 2012. R.J. Brunelli attributed the change to growing closures of smaller ships overcoming progress in re-tenanting big-box spaces larger than 20,000 sq. ft.

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