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Retail

  • Lululemon shares slide thanks to Q4 expectations

    Lululemon’s increases in net revenue, gross profit and comparable-store sales beat expectations, but shares slid after the company said it anticipates flat comparable-store sales in the fourth quarter.

    According to reports, shares dropped 10.7% to $61 after the company posted its financial results for the third quarter ended Nov. 3, which saw net revenue increase 20% to $379.9 million from $316.5 million in last year’s third quarter. Comparable-store sales in the quarter increased 5%.

  • Home Depot to invest in tech and supply chain upgrades

    The Home Depot reportedly plans to invest $300 million on technology and supply chain upgrades during its fiscal year 2014, which begins in February 2014. According to the Wall Street Journal, the results will include three new fulfillment centers in California, Atlanta and Ohio by 2016, as well as same-day shipping for some online orders.

  • Men’s Wearhouse focuses on positives in third quarter

    Men’s Wearhouse reported declining net income during the third quarter of fiscal 2013 even as net sales improved.

    Net income dropped about 22%, from $48.8 million in the third quarter of the prior fiscal year to $38.2 million.

  • Washington D.C.’s first two Walmarts

    Last week Walmart made headlines when it opened two stores in Washington D.C., drawing a small group of protestors and countless customers. But it seems like these Walmart locations are not quite like the others. BuzzFeed compiled a list of 19 things that make D.C.’s first Walmart stores stand out from the rest.

    Click here to read the list.

     

     

  • M&M'S World takes candy wall to Vegas

    M&M'S World Las Vegas is celebrating the recent opening of its new candy wall — the largest M&M'S candy wall in the world — with a 3-D representation of the wall designed on the sidewalk outside the store.

    M&M'S World Las Vegas has partnered with the We Talk Chalk art group to create the three-dimensional chalk rendering.

    The wall itself spans more than 62 ft. wide and includes 125 tubes of colorful M&M'S, offering 22 varieties and 11 flavors.

  • Wolverine World Wide adds Unilever exec to board

    Wolverine Worldwide has appointed Gina R. Boswell to the company's board of directors.

    Boswell is EVP, personal care, for global food, personal care and household products company Unilever. She has held numerous senior leadership positions with other leading global companies, including Avon Products, Ford Motor Company and Estée Lauder Companies.

  • Changing of the guard at Publix Miami division

    After more than 46 years of service, Publix Super Markets Miami division VP Bill Fauerbach has announced his decision to retire at the end of March 2014. Stepping into the role in his place will be Kevin Murphy on April 1.

    “Bill helped grow our culture and build a solid foundation on which the Miami division will continue to grow. We thank him for his many contributions, and he will be missed by us all,” said Publix CEO Ed Crenshaw.

  • Amazon dominates on Pinterest this holiday season

    Amazon.com is the most popular U.S. online retail site when it comes to having Web content shared on Pinterest in the run up to Christmas 2013.

    In a study of 10 top US retail sites, images and pages from Amazon.com are being shared most frequently on Pinterest, with Walmart and Apple taking second and third positions, respectively. According to a study conducted by digital marketing software and services specialist Searchmetrics, content from Amazon.com currently generates 16,360 pins per week, Walmart generates 5,778 pins per week and Apple generates 3,871.

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