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  • Costco tops estimates as January same-store sales rise 4%

    Issaquah, Wash. — Costco Wholesale Club’s same-store sales rose 4% in January, topping analysts' expectations. The metric rose 5% in the United States, and was 1% internationally.

    Removing the impact of lower gas prices and foreign currency fluctuations, same-store sales were up 6%, rising 5% in the United States and 8% overseas.

    For the 22 weeks ended Feb. 2, Costco reported net sales of $46.3 billion, representing a similar increase of 6% versus the year-ago period.

  • Nordstrom Rack to open in Princeton, N.J.

    Seattle — Nordstrom has announced plans to open a Nordstrom Rack at Mercer Mall near Princeton, N.J. Plans call for the approximately 35,000-sq.-ft. store to open in the spring of 2015.

    Mercer Mall is owned and managed by Federal Realty Investment Trust www.federalrealty.com. The new store will add to the current tenant line up, which includes T.J.Maxx, Bed Bath & Beyond, DSW and Shop Rite.

     

  • NRF unveils 2014 economic forecast

    Retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 4.1% in 2014, up from the preliminary 3.7% growth seen in 2013, according to the National Retail Federation. The association’s 2014 economic forecast calls for online sales to grow between 9% and 12%.

    A number of factors contributed to NRF’s 2014 economic forecast, including:

  • Study: U.S. retailers’ online sales to hit $50 billion by 2020

    New York -- International sales from U.S. online retailers will jump from $11 billion in 2014 to almost $50 billion by 2020, which would make up 16% of the overall U.S. online retail market, according to a new report by OC&C Strategy Consultants.

  • Ann Inc. expects higher sales for full year, Q4 2013

    New York – Ann Inc., parent company of Ann Taylor and The Loft, expects net sales and same-store sales to increase for the fourth quarter and full year fiscal 2013, on a year-over-year basis. For the full year, Ann Inc. issued guidance for total net sales of $2.49 billion, reflecting a total net sales increase of 5% and a same-store sales increase of 2%.

  • Juice press to open five NYC locations by summer

    New York — Juice press has announced plans to open five new locations in New York City in the spring and summer of this year. The locations include Chinatown, Tribeca, Midtown, Bridgehampton and the World Financial Center.

    The new locations will bring the juice press total to 19.

  • Fairway seeks CEO

    Fairway Group Holdings' Herbert Ruetsch plans to retire after 15 years with the company, including the last two years as its CEO. Ruetsch will remain a special adviser to the company and continue to provide input into certain merchandising and product initiatives.

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