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Mass Merchant

  • Mixed bag for apparel retailers and department stores in September

    New York -- Apparel retailers and department stores reported monthly revenue results for September that were mixed, as Gap Inc. and Limited Brands posted gains that beat Wall Street estimates, while Macy's and Kohl’s missed expectations.

    However, many analysts said spending was fairly strong for the month.

  • JCPenney, Giggle deliver a new baby retailer experience

    NEW YORK — JCPenney has partnered with baby retailer Giggle to launch specialty shops in more than 500 JCPenney shops. 

    Branded as giggleBABY, the new baby ships will open in fall 2013 and feature nursery, gear, layette, bedding, toys, and gifts. An expanded selection of giggleBABY products will be available on JCP.com.

  • Working for Target just became more fun

    Silicon Valley companies paved the way for corporate America to offer non-traditional workplace amenities and now Target has joined their ranks.

  • Kmart, Sears offer ship-to-home for online layaway purchases

    Hoffman Estates, Ill. -- Sears Holdings Corp. said Wednesday that its namesake and Kmart stores will offer ship-to-home delivery for items purchased through online layaway.

    The new service, which comes at a time when many major retailers are amping up shopper-centric programs for the holiday selling season, is also available on store kiosks, said Sears, enabling customers to bypass the layaway line and select, purchase and have items delivered directly to their homes.

    Both retailers will launch the service on Nov. 7.

     

  • Target ranks sixth in RT Top 100

    In case you missed it, Retailing Today published its annual Insights 2013 issue recently and while Target is currently the nation’s sixth largest retailer that position is likely to change in 2013.

    It is conceivable Target could become the nation’s fourth largest retailer by this time next year, overtaking both Home Depot and Walgreens.

  • Tesco first half profit drops on high turnaround costs

    London -- British retailer Tesco reported Wednesday that profit dropped 6.8% in its first fiscal half to $2.06 billion, weighed down by costs associated with its turnaround strategy.

    Revenue for the period inched up 1.6% to $51.9 billion, but costs were up as well for the world’s third-largest retailer. Same-store sales fell off 0.7%.

    "The plan is a long course of treatment for us, not a single dose," new CEO Philip Clarke said of the turnaround plan.

  • Is Target missing the layaway boat?

    Layaway program have become all the rage the past few years as retailers seeks to offer shoppers every conceivable convenience to capture every available sales dollar.

  • Survey: A third of consumers will consider layaway for holiday shopping

    Whiting, Ind. -- A survey of 2,339 shoppers by CouponCabin.com found that 34% are at least somewhat likely to purchase items on layaway this holiday season.
     
    The survey, conducted by Harris Interactive, also found that 9% are very likely to use layaway; 29% said maybe.

    When asked what they believe are the benefits to using a layaway program for holiday shopping, U.S. adults said the following:

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