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Retail

  • Fairway Markets CEO to retire

    New York -- Fairway Holdings Corp., operators of Fairway Markets, announced that CEO Herbert Ruetsch will retire after fifteen years with the company, including the last two years as chief executive.  Ruetsch will remain a special advisor to Fairway and continue to provide input into certain merchandising and product initiatives.

    William Sanford, president of Fairway, will assume the role of interim CEO while the board undertakes a search for a permanent replacement.

  • The Wet Seal sales drop for Q4, full year 2013

    Foothill Ranch, Calif. – The Wet Seal Inc. reported declines in net and same-store sales for the fourth quarter and full fiscal year 2013, compared to the same periods in the prior year. During the fourth quarter, Wet Seal reported net sales of $122.8 million, down 22.8%, and a 16.5% drop in same-store sales.

  • Gains at front end drive Shoppers Drug Mart Q4 results

    Shoppers Drug Mart posted an increase in fourth quarter sales driven by gains at the front end and strength in prescription count growth.

    Sales for the quarter were Canadian $2.75 billion, an increase of 0.9% compared with the year-ago period. Same-store sales increased 1.2% during the quarter.

  • Costco tops estimates as January same-store sales rise 4%

    Issaquah, Wash. — Costco Wholesale Club’s same-store sales rose 4% in January, topping analysts' expectations. The metric rose 5% in the United States, and was 1% internationally.

    Removing the impact of lower gas prices and foreign currency fluctuations, same-store sales were up 6%, rising 5% in the United States and 8% overseas.

    For the 22 weeks ended Feb. 2, Costco reported net sales of $46.3 billion, representing a similar increase of 6% versus the year-ago period.

  • NRF forecasts 4.1% rise in retail sales for 2014; online to grow 9% to 12%

    Washington, D.C. -- Retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 4.1% in 2014, up from the preliminary 3.7% growth seen in 2013, according to the National Retail Federation. The association’s 2014 economic forecast, released Thursday, calls for online sales to grow between 9% and 12%.

    A number of factors contributed to NRF’s 2014 economic forecast, including:

  • Fairway seeks CEO

    Fairway Group Holdings' Herbert Ruetsch plans to retire after 15 years with the company, including the last two years as its CEO. Ruetsch will remain a special adviser to the company and continue to provide input into certain merchandising and product initiatives.

  • Food Lion debuts online tool for downloading coupons

    Salisbury, N.C. -- Food Lion has unveiled a new online tool, MVP Coupon Hub, to make accessing grocery coupons online easier for customers. The new tool, found on the grocer's website, features convenient load-to-card and printable coupons on customers' favorite items.

    "We're proud to bring our customers the new MVP Coupon Hub, which helps customers save by offering hundreds of additional coupons," said Keith Nicks, director of loyalty and digital marketing for Food Lion.

  • Manhattan Associates signs, expands retailer implementations in Q4

    Atlanta – Supply chain technology provider Manhattan Associates Inc. both signed and expanded implementation agreements with a number of retail clients during fourth quarter 2013. New retail clients signed during the quarter include Arcadia Group, Body Central Stores, Desigual, and Woodcraft Supply.

    In addition, Manhattan expanded relationships with existing retail customers such as Aldi, Belk, Cornerstone Brands, Devanlay SA (Lacoste), HEB Grocery, Phillips-Van Heusen, and Toys "R" Us.

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