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  • Selfridges named Best Department Store in the World

    London -- The British department store Selfridges received the “Best Department Store in the World” award at the Global Department Store Summit in Paris.

    Selfridges took the top slot amongst finalists from around the globe, including Macy's and Woolworths (South Africa). The U.K. retailer also won the award, which is given out every two years, in 2010.

  • Report: April retail sales rise at slowest pace of 2012

    Washington, D.C. -- A Tuesday report by the Commerce Department showed that U.S. retail sales during the month of April edged up 0.1%, following a 0.7% gain in March and marking the smallest rise of the year so far. The gain was in line with projections.

    Excluding auto sales, retail sales climbed 0.1% in April.

  • Saks profit climbs in Q1, revenues miss

    New York -- Saks Inc. reported Tuesday that net income for the quarter ended April 28 rose 13.2% to $32.1 million, from $28.4 million last year.

    Revenue for the period climbed 3.8% to $753.6 million, missing Wall Street’s expected $762.6 million. Same-store sales rose 4.8%.

  • Retail sales stagger in April

    WASHINGTON — A Tuesday report by the Commerce Department showed that U.S. retail sales during the month of April edged up 0.1%, following a 0.7% gain in March and marking the smallest rise of the year so far. The gain was in line with projections.

    Excluding auto sales, retail sales climbed 0.1% in April.

  • The Changing Face of the Convention

    This is not your father’s (or my father’s) RECon. True, the conference wasn’t called that back then, but it is clear to me that this influential annual event is evolving. I see three relatively new RECon trends/developments that I think are significant beyond the conference itself; indicating bigger-picture changes within the broader retail real estate industry:

    Stronger international presence

  • Golfsmith loss widens in first quarter

    Austin, Texas -- Golfsmith reported Tuesday that it posted a loss of $3.6 million in the first quarter, compared with a loss of $3.1 million in the year-ago period.

    Sales improved 11% to $90.5 million for the quarter. Same-store sales grew 8.5%.

  • Walmart throws weight into home improvement with digital campaign

    New York -- The world’s largest retailer is taking steps to display its home-improvement prowess through a digital marketing campaign centered on a “Projects Made Simple” area at Walmart.com.

    The area is organized by home improvement project. For instance: how to stain a deck, install a water filter system, caulk a window or install a towel bar. In the deck video, an unidentified handy man narrator explains, “All the tools are available at Walmart to get you going.”

  • Shopatron names new CFO

    SAN LUIS OBISPO, Calif. — Shopatron, the flexible fulfillment company, has announced the appointment of Dave Morrison as its CFO.

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