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Mass Merchant

  • Burberry executive to be Children’s Place CFO

    The Children's Place has announced the appointment of Anurup Pruthi as senior vice president and chief financial officer effective Dec. 1.

  • Life after the Rainbow Loom at Michaels

    As the popularity of the Rainbow Loom waned this year so did sales at Michaels where third quarter comps declined 0.8% compared to the prior year.

  • Thanksgiving costs 34% less at Walmart

    Walmart customers shopping for a traditional Thanksgiving meal can plan a 10-person dinner for $32.64, or 34 percent less than average, according to the nation’s largest farm group.

  • Children’s Place names Reliance Industries vet CFO: Q3 net income drops

    Secaucus, N.J. – The Children’s Place Inc. has named Anurup Pruthi as senior VP and CFO, effective Dec. 1, 2014. He will report to Michael Scarpa, COO.  

  • Survey: Shoppers will find best Black Friday discounts at J.C. Penney

      New York - J.C. Penney, Macy’s, Rite Aid, Meijer and Sears rank as the best retailers for Black Friday deals, according to a survey by personal finance social network WalletHub.  The survey shows that Penney has the highest overall discount rate at 65%, while Big Lots, at 24%, and Costco, at 21%, have the lowest. WalletHub surveyed 5,525 deals from the 2014 Black Friday ad scans of 21 of the biggest U.S. retailers. Here is a quick summary of some of the key findings.

  • Real estate report: Luxury retail is a high-growth category

    Seattle - Colliers International released the highlights of its latest global retail report – examining 125 retail real estate markets in 50 countries – and found that luxury retail continues to show strong growth in the top global markets and prime cities in Asia.   

  • New presidents named at Gap and Banana Republic

    Incoming Gap Inc. CEO Art Peck announced key members of his global team in conjunction with the release of mixed third quarter results.

    Peck is scheduled to replace Gap Inc. CEO Glenn Murphy in February and late Thursday he named new global brand presidents for Gap and Banana Republic.

  • Walmart to see clearly for three more years

    Lost in the crush of holiday related news this week was a supply chain visibility related announcement involving Walmart and an obscure company called I.D. Systems, Inc.

    Walmart uses I.D. System’s trailer and tracking management services branded as VeriWise to manage a range of logistics assets. The new development this week involved a three year contract extension whereby Walmart will continue using I.D. System’s services.

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