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  • 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.
     

  • Lumber Liquidators profit soars 57.2% in Q3

    Toano, Va. -- Flooring retailer Lumber Liquidators reported Thursday that net income in the third quarter rose 57.2% to $6.7 million, compared with $4.3 million in the year-ago period.

    Sales surged 16.8% to $172 million in the quarter, and same-store sales increased 3%.

    The retailer has opened 33 new store locations in 2011, including six opened during the third quarter. It plans to open seven to nine new stores in the fourth quarter.

  • UK beauty brand Nip + Fab comes to U.S. via Target partnership

    MINNEAPOLIS — Target has partnered U.K. beauty expert Maria Hatzistefanis and is now carrying her Nip + Fab beauty brand in Target stores and online at Target.com.

    Launched in 2010 and previously available only across the pond, Nip + Fab is now available in the United States through its partnership with Target.

    Beauty mavens can select from 14 different Nip + Fab skin solutions and body blends, including Nip + Fab Tummy Fix, Nip + Fab Pigmentation Fix and Nip + Fab Dark Circle Fix.

    Hatzistefanis also has created the Rodial beauty brand.

  • Dots, Gymboree Play and Music join Westridge Court

    Naperville, Ill. -- Brixmor Property Group announced two retailers will join Westridge Court, located in Naperville, Ill.

    A 4,466-sq.-ft. Dots recently opened at Westridge Court.  And a 4,000-sq.-ft. lease has been executed with Gymboree Play and Music. 

    Brixmor, based in New York City, is the owner of Westridge Court.

  • OfficeMax delivers a profit despite weak economy

    NAPERVILLE, Ill. — OfficeMax's sales were down for the third quarter, but the company managed to deliver higher net income growth during a period of executive transitions and a tough economy.

    OfficeMax announced that total sales were $1.8 billion in the third quarter of 2011, a decrease of 2.1% from the third quarter of 2010.  For the third quarter of 2011, OfficeMax reported net income of $21.5 million, or 25 cents per diluted share, compared with $20 million, or 23 cents per diluted share, in the third quarter of 2010.  

  • Dollar Tree commits to four new locations in New York

    Dallas -- SRS Real Estate Partners said that Dollar Tree/Deal$ has leased four new retail spaces, all in New York.

    The company leased 12,000 sq. ft. in Maspeth, N.Y.; 12,000 sq. ft. in Brooklyn; 10,250 sq. ft. in Sunnyside; and 9,341 sq. ft. on Broadway in New York City.
     

  • California female Walmart employees regroup in bias case

    San Francisco -- Four months after the Supreme Court tossed out a huge class-action lawsuit by female Walmart employees who claimed they were discriminated against by the world’s largest retailer, a smaller, regionalized group of employees has regrouped to file another gender-bias claim against Wal-Mart Stores.

  • RadioShack posts 3Q earnings slump

    FORT WORTH, Texas — RadioShack's transition from offering T-Mobile products and services to offering those of Verizon Wireless took a toll on the company's third quarter profits, though overall sales managed to increase.

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