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  • Retail Hit List for Manhattan: 12 New Stars

    It’s hard to keep up with Manhattan’s fast-changing retail scene. But no one does it better than Faith Hope Consolo, chairman, retail leasing and sales division, Prudential Douglas Elliman Real Estate. Here are new and upcoming stores that Consolo, often referred to as the “Queen of Retail,” expects to be “fashionably” fabulous this year (with all comments by the Queen of Retail herself):

  • More admired than Costco, not as much as Walmart

    The March issue of Fortune contains the magazine’s annual ranking of the most admired companies, and this year’s list shows Target ranked 22nd. Only Walmart (11) and Nordstrom (21) were ranked ahead of the company. Other notable retailers on the list who ranked lower than Target included Costco (29), Best Buy (36), eBay (45) and Lowe’s (49).

  • Guess names president of North America

    Los Angeles -- Guess announced Monday that it has appointed Nancy Shachtman as its president of North America, reporting to Paul Marciano, CEO and vice chairman.

    Shactman was previously president of Guess Inc. Wholesale. In her new position, she will oversee the North American retail operations for Guess and Guess by Marciano, as well as Guess Wholesale, including Mexico.

  • Genesco Q4 net income up 19%

    Nashville, Tenn. -- Genesco said Friday that its net income rose 19%, boosted by acquisitions and higher revenue from its stores.

    Net income rose 19% to $30.9 million, from $25.9 million in the prior-year period. Revenue rose 17% to $560.5 million, from $479 million. Analysts expected revenue of $539.8 million.

    Same-store sales were up 9%.

    For the full year, net income rose 85% to $53.2 million. Revenue rose 14% to $1.79 billion, from $1.57 billion.

  • Walmart raises dividend

    BENTONVILLE, Ark. — Walmart said Thursday that it is increasing its annual dividend 21% on the back of strong earnings.

    The retailer last month reported a 27% increase in fourth-quarter net income as it benefited from cost-cutting and strong international sales. Walmart said it will pay an annual dividend this year of $1.46, up from $1.21. It will pay quarterly dividends of 36.5 cents in April, June, September and January in fiscal 2012, which ends Jan. 31.

    The next dividend will be paid on April 4 to shareholders of record on March 11.

  • Sears extends invitation to Amazon affiliates

    HOFFMAN ESTATES, Ill. -- Sears Holdings has joined other retailers, including Barnes & Noble, in inviting Amazon.com affiliates to work with it following Amazon's response to recent legislation related to collected taxes on e-commerce purchases.

  • Walmart brushes up on sustainable beauty with EcoTools line

    NEW YORK — EcoTools, an earth-friendly bath and beauty products brand, has made its way to Walmart.

    Last month, a variety of EcoTools cosmetic brushes lined the shelves of Walmart stores throughout the country. EcoTools also introduced the EcoTools everyday collection 6-piece brush set exclusively at Walmart. The collection, which comes in a hemp case, includes an angled blush brush, an angle eyeliner brush, concealer brush, eye shading brush and detailer/lip brush. The 6-piece set retails for $10.98.

  • Walmart 11th on Fortune’s “Most Admired” list

    The March issue of Fortune contains the magazine’s annual ranking of the most admired companies and this year’s list shows Walmart slipped two spots from the prior year and now occupies the 11 position.

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