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Retail

  • Acquisition provides FTD with Q2 boost

    Downers Grove, Ill. – FTD Companies Inc. was provided a substantial financial boost in the second quarter of fiscal 2015 as a result of its December 2014 acquisition of floral gifting company Provide Commerce. The added business helped almost quadruple net income to $17.8 million from $4.7 million in the same period the previous fiscal year.

    Consolidated revenues were $365.8 million, roughly double $168.1 million. New revenue from Provide Commerce, as well as increases in consumer and florist revenue, drove the sales growth.

  • Target testing beacons in 50 stores; more stores, features to come

    Minneapolis -- Target Corp. has made its first major foray into beacon technology as the retailer continues to look for ways to enhance the in-store shopping experience with digital tools.

    The retailer announced it is testing beacons at 50 stores nationwide, including locations in Chicago, Denver, Minneapolis, New York City, Pittsburgh, Portland, San Francisco and Seattle. The company said it plans to expand the service to more stores later this year.

  • Vitamin Shoppe profit tops Street; on track for 50 stores

    North Bergen, N.J. -- Vitamin Shoppe Inc. had a tough quarter but its earnings still beat the Street.

    The retailer on Wednesday reported second-quarter net income of $14.2 million, down from $16.9 million in the year-ago period, but still topping Wall Street expectations.

    The company also said it plans 50 new stores in 2015.

    Revenue increased 5.3% to $322.3 million in the period, short of analysts’ forecasts for $327.9 million.

  • Retail heavy hitter joins JLL

    San Francisco -- JLL has tapped an industry veteran from one of the world’s largest retail chains to drive its global business strategy and cross-border expansion.

    The company named David Zoba as chairman of its Global Retail Leasing Board, effective immediately. Zoba brings 30 years of experience to the firm and most recently served as senior VP of global real estate and store development at Gap Inc., which he joined in 2009.

  • Coach Q4 tops expectations

    New York -- A big acquisition of a luxury shoe brand helped Coach top analysts’ fourth quarter earnings forecasts even as its sales and income fell.

    Coach’s fourth-quarter net income plunged 84.4% to $11.7 million, down from $75.2 in the year-ago period. Excluding one-time charges, Coach said its net income came in at $85 million, or 31 cents per share, beating the analyst consensus by two cents.

    Coach said Stuart Weitzman, which it acquired earlier this year, helped to boost its earnings.

  • Walgreens appoints Amex executive as accounting head

    Deerfield, Ill. - Walgreens Boots Alliance has named Kimberly R. Scardino as its new senior VP, global controller and chief accounting officer. Scardino joins Walgreens Boots Alliance from American Express Co., where she was senior VP, business advisory controller.

  • Midwest retailer expanding

    Grand Rapids, Mich. -- Meijer is on the move in Wisconsin.  

    Continuing an estimated $750 million investment in Wisconsin, Meijer on Tuesday opened two more superstores in the state. The retailer announced plans to open two to three new Wisconsin locations per year through 2019.

    Meijer, which now operates 222 stores, entered Wisconsin just six weeks ago, with two stores. The retailer traditionally focused its growth on five states: Michigan, Ohio, Indiana, Illinois, and Kentucky.

  • Shopko looks into store space, market baskets

    Green Bay, Wis. – Shopko Stores is looking more closely into how it uses store space. It’s also looking more deeply into customer’s market baskets.

    The retailer has renewed its license of APT’s Test & Learn and Market Basket Analyzer software for another three years.

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