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Retail

  • Old Navy launches YouTube promo

    New York – Old Navy is launching a back-to-school promotion on the YouTube video platform. The retailer is releasing a video of a new back-to-school anthem, “Unlimited,” featuring cameos by stars of the youth multichannel network AwesomenessTV.

  • Bon-Ton names Belk exec to CEO slot

    York, Pa. -- The Bon-Ton Stores, Inc. announced the appointment of Kathryn Bufano to the position of president and CEO, effective Aug. 25. Bufano has served as the president and chief merchandising officer of Belk Inc. since 2010.

    Bufano replaces outgoing president and CEO Brendan Hoffman, who announced his resignation.

  • Rite Aid July same-store sales rise

    Camp Hill, Pa. – Same-store sales increased 4.6% at Rite Aid Corp. in July 2014. Total drugstore sales for the four-week period increased 4.1% to $1.97 billion, compared to $1.9 billion for the same period the prior year.

    July front-end same-store sales increased 1.5%. Pharmacy same-store sales increased 6%. Prescription count at comparable stores increased 3.9% from the prior-year period.

  • Home Depot promotes finance exec to merchandising VP

    Atlanta – The Home Depot Inc. has promoted Ted Decker to executive VP of merchandising, effective Aug. 4. Decker is a 14-year veteran of The Home Depot, where he most recently served as senior VP of retail finance, pricing analytics and assortment planning.

  • Horizon Group, CBL open shopping center in Kentucky

    Rosemont, Ill. - Horizon Group Properties Inc. and CBL & Associates Properties Inc. have opened The Outlet Shoppes of the Bluegrass, which opened fully leased with 90 stores and eateries. The Outlet Shoppes of the Bluegrass is the only outlet center in the state and is located between Louisville and Lexington on Interstate 64.

  • GameStop to deploy iBeacon, social media tools

    Grapevine, Texas – The GameStop Technology Institute (GTI) business unit of GameStop has entered into strategic partnerships with iBeacon solution providers Shelfbucks and BestFit Mobile, as well as social media hub provider Dynamic Signal. The partnership with Shelfbucks and BestFit will bring Shelfbucks’ iBeacon platform and BestFit Mobile’s ProxDK solution into to its brick-and-mortar retail locations.

  • Q3 net income falls at Destination Maternity; 21-23 new stores planned

    Philadelphia – Net income at Destination Maternity Corp. fell 36% to $5.5 million in the third quarter of fiscal 2014 from $8.6 million a year earlier. Expenses related to the planned relocation of Destination Maternity’s corporate headquarters and distribution facilities, as well as costs related to its proposed and withdrawn merger with Mothercare plc, drove the reduction in net income.

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