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Retail

  • Restoration Hardware swings to loss in Q4, but edges forecasts

    Corte Madera, Calif. -- Restoration Hardware Holdings Inc. reported Friday a loss of $28.4 million for the quarter ended Feb. 2, compared with a profit of $24 million in the year-ago period. Results, impacted by costs associated with the company’s November 2012 IPO, edged analysts’ expectations.

    Revenue surged 30% to $398.1 million from $305.2 million last year, beating Wall Street’s forecast of $390.5 million. Same-store sales advanced a hefty 26%.

  • J. Jill to open at Spotsylvania Towne Centre

    Fredericksburg, Va. -- Youngstown, Ohio-based Cafaro Co. said that J. Jill will open a new store at Spotsylvania Towne Centre. The 3,700-sq.-ft. location is slated to open in July at The Village at Towne Centre, between Firebirds Wood Fired Grill and Cache.  

    J. Jill will join The Buckle, opening April 25, and Chico’s, which is expected to open May 1.

  • Forest City launches tool to shape Short Pump Town Center

    Cleveland -- Forest City Enterprises said that, as its Short Pump Town Center celebrates 10 years in the Richmond, Va., market, it has launched a “Drawing Board” on Popularise, an online crowdsourcing and community engagement tool that focuses on real estate development.

  • Fomer Sports Authority president joins Hilco Trading division

    New York -- Dick Lynch has joined the SD Retail Consulting division of Hilco Trading as SVP merchandising and strategy.

    In his new role, Lynch will be responsible for helping retailers create shareholder value through process, organization and technology enhancements in the key merchandising and inventory management functions. He will also play a key role in assisting management, owners and lenders in shareholder value creation assignments.

  • Study: 76% of women prefer in-store shopping over smartphone

    Boston -- Research findings released Thursday by mobile-retail marketer Swirl found that a full 76% of women prefer shopping in stores over shopping via their smartphones.

    “What Women Want When Apparel Shopping,” which polled 1,000 women shoppers, also revealed that 53% of women have between one and five shopping apps on their smartphones. Yet, still, they opt for the store experience.

  • Office Depot debuts citizenship site for Earth Month

    Boca Raton, Fla. -- Office Depot announced Thursday that it has debuted a new corporate citizenship website – Officedepotcitizenship.com – in recognition of Earth Month.

    The site provides information about the company’s various initiatives, including ethics, diversity and the environment, presented in an interactive format.

  • Walmart Neighborhood Market to open at Villa Monaco

    Denver -- Brixmor Property Group said that Walmart Neighborhood Market will open a 55,669-sq.-ft. store at Villa Monaco, located in Denver.

    The addition of this market will revitalize the shopping center, said Brixmor, attracting new retailers, restaurants and services to the center, and providing the community residents a convenient place to shop within their own neighborhood.  

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