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Retail

  • Dollar General seeks 10K new hires in May

    Goodlettsville, Tenn. – Dollar General plans to hire 10,000 new employees this month. As part of the effort, the discount retailer will host a nationwide career fair at 170 locations in 40 states on May 18.

  • Affordable Care Act Compliance

    By Liz Moughan, Kronos Incorporated

    Sometimes uncertainty causes us to put off things we should do now.

    This is true when it comes to retailers and their preparation for complying with the Affordable Care Act (ACA). In fact, 56% of organizations reported that they hesitated to initiate any changes in 2012, preferring instead to wait until the Supreme Court decision and the 2012 elections before they took any major actions.

  • South Carolina shopping development launches new website

    Hilton Head Island, S.C. -- Shelter Cove Towne Centre, in Hilton Head Island, has launched a new website, Sheltercovetownecentre.com, designed to reflect the center's approach to relaxation and rejuvenation.

  • Retail import growth projected to slow over summer

    Washington, D.C. -- Import volume at the nation’s major retail container ports is expected to increase 3.3% in May over the same month last year, but growth could trickle to a standstill by the end of the summer, according to the monthly Global Port Tracker report released Tuesday by the National Retail Federation and Hackett Associates.

  • Hhgregg opens new Ohio store

    Indianapolis – Electronics retailer Hhgregg is opening a new store location at the Dayton Mall in Dayton, Ohio, on May 16. The new 23,000-sq.-ft. store will replace a previous location in West Carrollton, Ohio.

    “Hhgregg is dedicated to the Dayton community and we think local residents will really enjoy shopping at our new and modern store,” said Jeff Pearson, senior VP of marketing, Hhgregg.

     

  • Men’s Wearhouse redesigns website

    Fremont, Calif. -- Men’s Wearhouse is launching a redesigned e-commerce site with a number of upgraded and personalized features. These include personalized style suggestions, product filters such as size, price and color, and personalized product selections based on shopper history. The retailer is planning to offer additional new online features in the next six to eight months, such as new checkout experience, buy online and pick up in-store capabilities, and international shipping.

  • New York City second to Hong Kong in world’s highest retail rents

    Los Angeles -- CBRE Group released research findings on Tuesday that showed Hong Kong’s continued top position as the world’s most expensive global retail market, recording prime rents nearly 150% higher than New York City.

    London ranked third, with prime rental rates 400% lower than Hong Kong’s.

  • Cache loss widens in Q1

    New York -- Cache reported Tuesday a loss of $18.5 million for the first quarter, widened from a loss of $1.2 million in the same quarter last year. An income tax provision of $10.2 million and employee separation costs were cited as reasons for the worsened performance.

    Revenue declined 5% percent to $53.5 million from $56 million, and same-store sales dipped 1.5%.

     

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