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Retail

  • American Eagle takes flight in South America

    Specialty apparel retailer American Eagle had a solid fourth quarter and now is eyeing growth opportunities far from its home market by teaming up with leading South American retail conglomerate Cencosud.

  • Barnes & Noble tells a social media tale

    Barnes & Noble is launching a Twitter giveaway to promote its famous in-store Storytimes.

    The bookseller announced that its April lineup of free Storytime events includes a Picture Book of the Month selection, as well as a Twitter giveaway to encourage parents and children to attend.

  • Facebook wants to reinvent how consumers talk to retailers

    New York -- Facebook hopes to transform the way  customers communicate with retailers by re-inventing the customer service platform. Facebook and its partner Zendesk, a customer service platform firm, are teaming up to allow businesses to provide scalable and responsive customer service to the more than 600 million people worldwide who use Facebook's popular Messenger app. The social media giant is inviting retailers and other companies to develop software that allows customers to communicate instantly with them through Messenger.

  • Study: Retailers missing the omnichannel mark

    Retailers must move quickly to improve their ability to deliver a “seamless retail” experience to customers, according to new research by Accenture released Wednesday.

  • Five Below opening 70 stores in 2015

    Philadelphia -- Five Below Inc. on Wednesday reported better-than-expected fiscal fourth-quarter net income of $33.3 million. It also confirmed plans to open 70 stores in 2015, up from 62 in 2014.

    Net sales in the quarter, ended Jan. 31, increased by 24.4% to $263.8 million from $212.0 million the year-ago period. Same-store sales increased by 3.2%. The results exceeded Wall Street expectations.

    For the year, the company reported profit of $48 million. Revenue was reported as $680.2 million.

  • NCR to help modernize Defense Commissary Agency’s systems

    Duluth, Ga. -- NCR Corp. announced that NCR Government Systems will modernize operations for the Defense Commissary Agency (DeCA). DeCA’s Enterprise Business Solution (EBS), built upon NCR’s software solutions, will help to transform DeCA’s mission-critical retail systems and provide industry-leading capabilities that optimize its operations from warehouse replenishment through to the point-of-sale, along with customer loyalty management and payment solutions.

  • Destination XL posts double-digit comps

    Destination XL Group Inc. reached a new level of performance in the fourth quarter with a whopping 16.4% same store sales increase.

  • Ikea installing fuel cell system that convert biogas into electricity

    Conshohocken, Pa. -- Ikea announced plans to install a fuel cell system at its location in Emeryville, California. Consistent with the retailer’s focus on emerging energy technologies, is the first Ikea in the world to convert biogas into electricity through a clean electro-chemical process. The fuel cell system will be installed, commissioned and activated by this summer, 2015.

    Ikea contracted Bloom Energy, Sunnyvale, California, for the design, development and installation of the fuel system.

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