eCommerce

Express profit plummets 23% but beats expectations
Columbus, Ohio -- Express Inc. reported Thursday that its third-quarter net income fell 23% to $32.4 million, compared with $42.1 million in the same period last year. Results, impacted by heavier discounting and higher costs, still beat Wall Street’s estimates.

Revenue climbed 3% to $508.5 million, solidly topping analysts’ estimate of $498 million and prompting the apparel retailer to lift its full-year earnings forecast. Same-store sales were flat in the quarter, after a 4% gain last year.
KTGY designs $43 million apartment/retail community
Irvine, Calif. -- KTGY Group announced that Hutton Cos. has launched construction on La Verne Village, a 172-unit mixed-use residential and retail community in La Verne, Calif., located in the San Gabriel Valley, east of Los Angeles.

Situated on the site of a former automobile dealership on 7.69 acres, the La Verne Village luxury apartment homes are integrated within the village-center court, complete with more than 15,000 sq. ft. of integrated retail shopping and dining.

Study: Walmart, Safeway score top marks on consumer charity donations

CHICAGO — Cause Marketing Forum on Wednesday named America’s Checkout Charity Champions, a first-of-its-kind study ranking the largest consumer checkout donations in the United States last year.
Fred's Q1 profit rises 9%

Memphis -- Fred's Inc. said Thursday that profit for the quarter ended May 4 rose 9% to $11.4 million, from $10.5 million last year. Results topped Wall Street forecasts.

Revenue edged up to $501.5 million from $500.5 million, beating analysts’ estimated $499.5 million in revenue. Same-store sales dipped 1.3%.
Costco reaps solid Q3

ISSAQUAH, Wash. — A $62 million tax benefit in the second quarter, alongside a portion of a special cash dividend Costco received in December 2012, helped bolster the company's net income for the first 36 weeks of fiscal 2013, ended May 12.
Amazon reduces sign-in friction to drive higher traffic

SEATTLE — Amazon has launched Login with Amazon, a new service that will enable the more than 200 million active Amazon customers to securely log in to apps, games and websites once without having to remember multiple passwords.

Login with Amazon allows developers to easily reduce sign-in friction for their customers, leading to higher engagement and order conversion.
‘Social Retail’ to the Rescue

By Crosby Renwick, [email protected]

The pundits say retail, as we’ve known it since the ancient Egyptians, is coming to an end. Ouch. That’s big. You have to admit the logic is not bad: When retail is literally everywhere, when we can buy virtually anything off our phones and have it delivered, why go to a store?
Elixir inks deal for two Manhattan storefronts

New York -- Elixir Juice Bar has leased two more stores in Manhattan, according to Winick Realty Group, which represented the brand in both of its recent New York leases.

Elixir will occupy 70 Greenwich Avenue, located between Seventh Avenue South and Sixth Avenue in the heart of the West Village. Elixir has also leased a location in the Upper East Side. The 500-sq.-ft. store is located at 1371 Third Avenue, between 78th and 79th Streets.
Jersey Mikes’ to open at Levee District at East Peoria
Fred's CEO ‘pleased’ with Q1 results

MEMPHIS, Tenn. — Despite a dip in comparable store sales for the first quarter ended May 4, Fred’s topped the high end of its earnings guidance for the period.

Express profit plummets 23% but beats expectations

KTGY designs $43 million apartment/retail community

Study: Walmart, Safeway score top marks on consumer charity donations

Fred's Q1 profit rises 9%

Costco reaps solid Q3

Amazon reduces sign-in friction to drive higher traffic

‘Social Retail’ to the Rescue

Elixir inks deal for two Manhattan storefronts

Jersey Mikes’ to open at Levee District at East Peoria

Fred's CEO ‘pleased’ with Q1 results