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Mass Merchant

  • American Eagle Q3 sales rise 11%

    Pittsburgh -- American Eagle Outfitters reported Wednesday that sales for the quarter ended Oct. 29 rose 11% to $832 million, compared with $752 million in the year-ago period.

    Same-store sales increased 5% for the quarter, following a 1% rise for the same period last year.

    By banner, American Eagle posted a 5% comp increase and Aerie comps surged 8%.

  • Walmart starts holiday shopping early with preview of Black Friday deals

    Bentonville, Ark. -- Wal-Mart Stores said Wednesday it is offering an early previous of its Black Friday deals.

    The retailer will begin previewing special deals on Wednesday, and will hold an early holiday sale beginning Nov. 5.

    The Black Friday preview for specials in electronics, toys and apparel will be available to shoppers who sign up at Walmart.com or the store's Facebook page, according to the company.

  • Walmart head merchant shares view

    BENTONVILLE, Ark. — Walmart chief merchandising officer Duncan Mac Naughton expressed optimism about the retailer’s prospects for the holiday season and beyond late Tuesday during comments at a Bentonville Bella Vista Chamber of Commerce function, which attracted more than 500 people.

  • Gordmans names former Charming Charlie, Macy’s exec as COO

    Omaha, Neb. -- Apparel and home fashions retailer Gordmans Stores said Wednesday it has named Michael Wirkkala as executive VP operations and COO.

    Wirkkala was previously VP of store operations for Charming Charlie. He also worked for Macy’s for three decades.
     

  • Christmas comes early for Walmart shoppers

    BENTONVILLE, Ark. — Walmart is giving customers the chance to preview its Black Friday specials early. The company announced that customers can sign up at Walmart.com or Facebook.com/Walmart to receive an early preview of its specials on the widest assortment of top electronics, toys, apparel and more. 

  • Walmart chief merchandising officer expresses optimism on holiday sales

    Bentonville, Ark. -- Walmart chief merchandising officer Duncan Mac Naughton expressed optimism about the retailer’s prospects for the holiday season and beyond during comments at a Bentonville Bella Vista Chamber of Commerce meeting with attracted more than 500 people. The function was held on Tuesday.

  • Report: Apple to allow shoppers to finalize own in-store purchases

    New York City -- Apple will spend $900 million on its stores in fiscal 2012, up from $614 million this year, according to Tech Observer, which cited a new research note from UBS analyst Maynard Um.

    The report also said that that Apple plans to give shoppers the ability to complete their own in-store purchases via its iOS application for the iPhone. The new application will apply only to accessories and on-the-shelf items, and not more costly item like the iPhone, iPad, or Macs.

  • Hhgregg profit, sales rise in Q2, on track to open 35 stores in fiscal year

    Indianapolis -- Electronics and appliance retailer Hhgregg reported Wednesday that net income for the quarter ended Sept. 30 rose to $6 million from $3.9 million in the year-ago period.

    Sales for the period rose 29% to $618.6 million. Same-store sales rose 1.5%, returning to positive growth after a 5% decline last quarter.

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