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Retail

  • Habit Burger Grill to open sixth Arizona location

    Phoenix — The Habit Burger Grill is opening its sixth Arizona location in Scottsdale in the Promenade at Scottsdale Road and Frank Lloyd Wright.

    The Irvine, Calif.-based restaurant also operates more than 60 locations in California and two in Utah.

     

  • Staples Q2 net drops 15%; lowers forecast

    Framingham, Mass. -- Staples said Wednesday that its second quarter net income dropped 15% amid store closings, declining traffic and lower sales of computers, ink and toner. The retailer also cut its full-year earnings and revenue forecasts, citing the weaker-than-expected results.

    Staples earned $102.5 million for the period ended Aug. 3, compared to $120.4 million last year.

  • Target Q2 profit falls 13% but tops Street; sales fall short

    Minneapolis -- Target Corp. reported that its second quarter profit dropped 13% to $611 million in the quarter ended Aug. 3, down from $704 million a year earlier, amid start-up costs related to its entry into Canada. Total company profits, excluding start-up costs related to Canada, increased 6.1%. Similar to other retailers, the chain issued a muted annual profit forecast as it deals with a still uncertain economy and cautious consumers.

  • JustFab and ShoeDazzle join forces

    LOS ANGELES — JustFab and ShoeDazzle have entered into a definitive agreement to merge and form one fashion subscription e-commerce business.

    With the merger, the two brands will be able to expand their customer base in the United States and further accelerate international and category expansion plans. The combined company is expected to be profitable in 2014.

  • NRF disappointed by Fed decision to appeal swipe-fee ruling

    Washington, D.C. -- The National Retail Federation issued the following statement from VP for government affairs public relations J. Craig Shearman in reaction to the Federal Reserve’s announcement Wednesday that it will appeal a U.S. District Court judge’s ruling that the cap it set on debit card swipe fees in 2011 was too high.

  • Shop24 Global to open at Cal Poly Pomona

    Pomona, Calif. — The Cal Poly Pomona Foundation plans to open a Shop24 automated convenience store at California State Polytechnic University, Pomona, in September.

    The store will serve residents at the University Village, a student housing facility with more than 1,300 residents. Shop24 is a totally automated and refrigerated convenience store designed for 24/7 access.

     

  • Walmart decks aisles with holiday shoppers

    ORLANDO — Walmart is kicking off its official start to the holiday season Friday, Sept. 13, with a no-fee layaway program.

  • CIO/CMO Collaboration on WiFi: An Opportunity for Retailers

    By John Lytle, [email protected] and Julien Escribe, [email protected]

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