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Retail

  • Men's Wearhouse posts a handsome first quarter

    The Men's Wearhouse reported a dapper first quarter on the same day the company inked a 10-year deal with Macy's to sell tuxedoes.

    The retailer posted net income for the first quarter ended May 2 of $10.4 million or $0.21 per share, compared to $16.5 million or $0.34 per share for the year-ago quarter. Net sales for the first quarter rose 40.4% to $885.09 million from $630.47 million in the same quarter last year. 

  • Edible Arrangements taps Buxton to maximize its growth potential

    FORT WORTH, Texas — Edible Arrangements International has chosen Buxton to help the company meet its full growth potential with regards to its core business and the national expansion of its Edible to Go line of fresh fruit smoothies and treats.  

  • Aldi opening 45 California stores by 2016

    Low-price grocery chain Aldi is coming to Southern California, as the retailer hastens plans to open at least 45 stores in that state by the end of 2016.

    The retailer says it plans to hire more than 1,100 people to work in its Southern California stores, as well as at the company's regional headquarters and warehouse in Moreno Valley, Calif. 

  • RPAI acquires Woodinville Plaza in Seattle

    Oak Brook, Ill. — Retail Properties of America, Inc. (RPAI) has closed on the acquisition of Woodinville Plaza located in the Seattle Metropolitan Statistical Area (MSA). The property was acquired on an unencumbered basis for a gross purchase price of $35.3 million.   

  • Report: New POS malware feared

    Washington, D.C. – At least two new strains of POS malware are reportedly threatening retailers. According to Bank Info Security, the FBI has released a warning about a new form of memory-scraping POS malware called Punkey.   Punkey can infect any Windows-based POS network and encrypts the data it steals, making detection difficult. Punkey may have been used in a recent breach at an unidentified U.S. restaurant chain.  

  • Shoe Carnival to expand with new, smaller-store concept

    EVANSVILLE, Indiana — Shoe Carnival plans to launch a complementary, small-market store concept. The new format will be approximately 5,000 sq.ft. or half the size of a current Shoe Carnival store.  

  • Survey: E-commerce growth is accelerating

    E-commerce traffic increased 18% in the first quarter, according to the latest Shopping Index from Demandware.

    The report measures digital commerce growth and identifies the trends driving that growth based on analysis of same site activity over time. The latest Demandware Shopping Index reveals that shopper attraction, which measures the number of shoppers, was up 18% in the first quarter of 2015 over the first quarter last year and drove 83% of the digital commerce growth.

  • Men’s Wearhouse to open 300 tuxedo shops in Macy’s

    Fremont, Calif. — Men's Wearhouse on Thursday announced it had signed a 10-year agreement with Macy's to operate men's tuxedo rental shops inside 300 Macy’s locations. The shops are expected to be located in or near the men’s department.

    Men's Wearhouse will begin operating 17 pilot tuxedo shops in fall 2015,  and expects the remaining shops to be open by fall 2016. Macy's and Men's Wearhouse will also collaborate to develop a digital tuxedo rental shop on macys.com.

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