Retail

Retail Rap: Digital Walleting
It has been fascinating to watch the back and forth in recent weeks as competing systems for mobile payment have suddenly been grabbing headlines and jockeying for space in the public consciousness.
HSN beats Street with Q3 profit, revenue
St. Petersburg, Fla. -- HSN Inc. beat Wall Street expectations for profit and revenue in the third quarter of fiscal 2014. Net income totaled $39.5 million, down 6% from $42.1 million in the prior year period. A higher effective tax rate helped decrease profits at HSN. Net sales rose 5% to $837.5 million from $798.9 million. Digital sales were up 7% and mobile sales increased 37%, with mobile now representing 16% of HSN’s total business.

United Tae Kwon Do to open at Summit Plaza

Hackensack, N.J. -- Martial arts studio United Tae Kwon Do Center has leased 1,500 sq. ft. at Summit Plaza in Hackensack, becoming the latest tenant to join the retail lineup at the Bergen County shopping center. The 100,000-sq.-ft. retail property is owned and managed by Alfred Sanzari Enterprises.
RetailROI Offers At-Risk Kids Necessities and Hope

Industry uses strengths to aid children in need

Modern retail is a global effort to provide consumers with the goods and services they need.
J.C. Penney starts Black Friday 5 p.m. Thanksgiving Day

Plano, Texas -- The J.C. Penney Co. Inc. will open stores and begin its Black Friday sale activities at 5 p.m. local time on Thanksgiving Day. The company announced its plans via a tweet on the official JCPenney news account. This start time is an hour earlier than the 6 p.m. Thanksgiving opening time of competing department stores Macy’s and Sears, and three hours earlier than the 8 p.m. opening time Penney used for Thanksgiving 2013.
SRS Real Estate hires Michael Federle to lead new San Francisco group

Dallas --SRS Real Estate Partners has introduced San Francisco’s Investment Services Group, led by capital markets industry veteran Michael Federle. Federle has been hired as senior VP of the new team, which will be tasked with representing institutions, developers, and high-net-worth individuals in the sale, acquisition, and financing of quality real estate assets.  
Eloquii’s Fast-Fashion Take on Plus Sizes

Fast-fashion for plus-sized women: That’s what eloquii.com is on a mission to deliver. While a retail format that offers runway-inspired looks for shoppers sized 14 to 24 is a no-brainer, the concept is practically radical in fast-fashion retailing.
Survey: Retailer use of social media for product development grows 550%

Boston -- The current use of social media data by retailers for merchandise planning is limited, with only 39% using it for product development and only 35% using it for promotional planning.
Merger magic evident at Office Depot

Sales continued to decline at Office Depot in the third quarter, but CEO Roland Smith said excellent execution allowed operating profits to more than double.

Total company sales on a pro-forma basis to reflect the merger of Office Depot and OfficeMax declined 3% to $4.1 billion during the period ended Sept. 27. The top line decline was steeper at the company’s 1,851 unit North American retail division where sales declined 7% to $1.7 billion due to store closures and a 3% same store sales decline driven by a reduced transaction volume.
Gap Raises Bar on Digital With New CEO

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