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  • Wal-Mart to reopen 12 quake-hit stores in Japan

    Bentonville, Ark. -- Wal-Mart Stores announced Sunday that it will re-open 12 of its Seiyu stores in Japan, which were affected by the earthquake. A company spokesman added that the retailer is hoping to open the remaining 12 impacted stores as soon as possible.

    Wal-Mart has 371 stores and 43 deli outlets in Japan, of which 24 were affected by the March 11 earthquake and tsunami.

    Of Wal-Mart's affected stores, two were severely hit and were completely covered by mud, according to the company.

  • No you may not have my ZIP code

    In a decision that is sending waves across the national retail industry, the California Supreme Court recently held that ZIP codes constitute “personal identification information” under the Song-Beverly Credit Card Act. The decision, Pineda v. Williams-Sonoma Stores Inc., generally will expose retailers who request such information from customers paying with a credit card to penalties of up to $1,000 per request.

  • Shoppes at Chino Hills to add two new restaurants

    Chino Hills, Calif. -- The Shoppes at Chino Hills announced that it is adding Dillon’s Irish Pub & Grill, along with Dripp coffee boutique and ice shop, to its tenant lineup.

    The new restaurants join P.F. Chang’s China Bistro, Chipotle Mexican Grill, California Pizza Kitchen, Yard House and Wood Ranch BBQ & Grill at the shopping center.

  • L.L. Bean implements free-shipping policy

    FREEPORT, Maine — L.L.Bean announced that, effective March 25, it will offer free standard shipping to all United States and Canadian.

    “We tested free shipping offers with no minimum purchase for several months and the customer response was overwhelming,” said Chris McCormick, president and CEO, L.L.Bean. “Our customers want and value free shipping. It’s our opportunity to offer free shipping for all U.S. and Canadian customers with no minimum purchase, no end date, no conditions -- guaranteed.”

  • Report: Borders plans to pay $8.3 million in bonuses

    New York City -- Borders Group, which filed Chapter 11 bankruptcy in February and has announced plans to close about a third of its stores, said it plans to pay key employees as much as $8.3 million in incentives and retention bonuses, Bloomberg reported.

    The retailer asked a judge to approve its plan in a filing Thursday in U.S. Bankruptcy Courty in New York. Borders said it has historically compensated employees through incentives.

  • Staples got tablets

    FRAMINGHAM, Mass. -- Staples, which in February announced plans to positioned itself as a leader in technology, is now looking to become a leader in tablet computers.

  • Finish Line Q4 profit up 12%

    Indianapolis -- The Finish Line said Thursday that its fourth-quarter profit rose 12% with strong same-store sales.

    The company reported net income of $34.3 million in the quarter that ended Feb. 26, compared with $30.6 million a year earlier.

    The Finish Line said that excluding a charge for writing down the value of stores.

    Revenue rose 2.7% to $384.6 million. Same-store sales rose 4%.

    The company said operating margins were 9% close to its goal of double-digit margins for the full year.

  • B&N brings "Nick" to Nook

    NEW YORK -- Barnes & Noble has announced a partnership with Nickelodeon that will bring the first-ever digital books from the number-one entertainment brand for kids. The books will feature such Nickelodeon characters as SpongeBob SquarePants and Dora the Explorer available in digital format through the Nook Color Reader’s Tablet (www.nookcolor.com) and the free Nook Kids for iPad application (www.nookkids.com/ipad and www.itunes.com/appstore).

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