Retail

Walmart is moving forward with what could be characterized as a roll out of its Neighborhood Market format nearly 13 years after the first unit opened in the fall of 1998. Just don’t call it a Neighborhood Market.

FORT WORTH, Texas — Pier 1 Imports reported a comparable-store sales increase of 10.2% and net income of $14.1 million, or 12 cents per share, for the first quarter, as it continues to implement its three-year growth plan. For the prior year first quarter, the company reported net income of $7.7 million, or 7 cents per share.

HOUSTON — Men's Wearhouse has named Douglas Ewert president and CEO of the company, succeeding George Zimmer.

As previously announced, Zimmer will continue as executive chairman of the board of directors.

Zimmer stated, "I am excited to turn over the day-to-day reins of Men's Wearhouse to Doug. I know he has the same passion for this company and its people as I do. With him leading our efforts, we will continue to provide the highest level of service to our customers and our unique culture will thrive."  

This sounds like a pretty cool deal. Walmart’s wholly-owned video-on-demand subsidiary Vudu and Sony Pictures Home Entertainment in an exclusive arrangement this week offered a new type of digital move card for the science fiction film, Battle: Los Angeles.

The cards cost $14.96 and went on sale the same day as the Blu-ray and DVDs. The big difference between buying the physical Blu-ray disc or DVD is customers who purchase the card simply enter a code to access the film directly from a computer or more than 300 different Vudu-enabled consumer electronics devices.

CHICAGO — The private-label trend at retail continues to gain steam as Supervalu CEO Craig Herkert shared plans last month at its annual shareholders meeting to expand Supervalu's private-label program now through February 2012.

CINCINNATI — Kroger reported solid first-quarter results and marked 30 consecutive quarters in which identical-store sales increased, the supermarket retailer announced Thursday.

Kroger said that identical-store sales rose 4.6%, excluding fuel, to about $20.8 billion. Identical stores are defined as supermarkets open at least five quarters.

The company said its first-quarter revenue for the period ended May 21, including fuel, rose 11% to about $27.5 billion, compared with the year-ago period. Excluding fuel, total sales were 4.8% above last year.

NEW YORK — Gilt Groupe announced that it has named Jason Goldberger as general manager of Gilt Home. In this role, Goldberger will be responsible for overseeing all aspects of the home business, including business strategy, merchandise and site development. Goldberger will report to Susan Lyne, chairman of Gilt Groupe.

PORT WASHINGTON, N.Y. — Children's interest are constantly changing, but right now Justin Bieber is tops with kids. According to a May NPD Group survey, when asked what they thought the kids they know would identify as the hottest new thing these days, 10% of participants said Justin Bieber. 

Though Bieber topped the list in May, he garnered a higher percentage (14%) when the survey was first conducted in February, indicating that interest in the pop singer could be waning.