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eCommerce

  • Footlocker opens at Hancock Center

    Austin, Texas -- Jacksonville, Fla.-based Regency Centers said that Footlocker has opened at Hancock Center, located in Austin, Texas. The retailer opened a 2,946-sq.-ft. store, and will be joined by Family Chiropractic, which is slated to open an 1,100-sq.-ft. center in November.

    The 410,437-sq.-ft. neighborhood center is anchored by a 90,217-sq.-ft. H-E-B alongside national retailers such as Petco, Quiznos and 24 Hour Fitness.
     

  • Harlem Wine Gallery to open in NYC

    New York City -- Prudential Douglas Elliman's Retail Group said Wednesday it has a arranged a long-term lease for The Harlem Wine Gallery at 752 Saint Nicholas Avenue, between 147th and 148th Streets in New York City.

    The transaction is the second wine and spirit shop that the team has arranged on the corridor in recent months, following Unity Wines & Spirits at 704 Saint Nicholas Avenue.
     
     

  • Cabela’s beats Street with 68.7% profit surge in Q3

    Sidney, Neb. -- Outdoor retailer Cabela’s reported Thursday that profit for the third quarter surged 68.7% to $33.3 million, compared with $19.7 million in the year-ago period. Results surpassed analysts’ expectations and mark the third straight quarter of profit rises.

    Revenue rose 6% to $678.6 million, missing Wall Street’s expected $681.5 million.

  • Price leadership not so steady

    Citigroup found that toy prices at both Walmart and Target fell by 4% and that the price gap between the two retailers on toys has narrowed since its first survey.

    According to Ciitgroup, retail prices of a basket of “hot” toys for holiday 2011 are now 30 bps cheaper at Walmart than at Target, compared with 50 bps cheaper at Walmart in its previous survey. However, taking into account Target’s 5% rewards discount, the basket of toys became 470 bps more expensive at Walmart, compared with 450 bps more expensive in the previous survey.

  • Rite Aid same-store sales up 2.9% in October

    Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that same-store sales increased 2.9% in October, boosted by a 3.6% surge in pharmacy same-store sales. Front-end same-store sales edged up 1.3%.

    Total drugstore sales for the four-week period increased 2.8% to $1.96 billion compared to $1.91 billion for the same period last year.

  • Dollar Tree opens at Applegate Ranch Shopping Center

    Atwater, Calif. -- Jacksonville, Fla.-based Regency Centers said that Dollar Tree has leased retail space in Atwater, Calif., at Applegate Ranch Shopping Center.

    Dollar Tree leased 9,264 sq. ft. and is now open. The 464,136-sq.-ft. shopping center is anchored by a Super Target, Walmart, Marshalls and Petco.
     

  • Neiman Marcus to accept Visa and MasterCard

    Dallas -- Neiman Marcus announced Thursday that it had entered into agreements with Visa and MasterCard to begin, effective Nov. 1, accepting MasterCard and Visa credit, debit and prepaid cards at all 41 Neiman Marcus stores.

    The luxury retailer had long been criticized for accepting only its private-label credit cards, American Express and cash.

    "We listened to our customers and heard that they wanted more flexibility in their payment choices," said Karen Katz, president and CEO, Neiman Marcus.
     

  • Pet Supplies Plus executive chairman retires

    FARMINGTON HILLS, Mich. — Pet Supplies Plus, the third-largest pet specialty retailer in the United States, announced that Harvey Solway, executive chairman of the company, is retiring effective Dec. 31.

    Solway, 60, began his twenty-year career with Pet Supplies Plus as EVP and general counsel and served as the company's CEO from January 1993 through June 2011. Solway led PSP through its formative years and was instrumental in growing the business to its 92 corporate and 159 franchise stores today, the company reported. 

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