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Retail

  • Meijer to double match donations for Midwest hunger relief

    GRAND RAPIDS, Mich. — Meijer announced that it will double match every customer's $10 Simply Give donation made Nov. 9 to 10 to help boost support for local food pantries before the holidays. The Double Match Days initiative is being launched as part of the retailer's Taste of the Holidays in-store sampling event as a way to thank customers for their continued commitment to help fight hunger in the Midwest.

  • Starbucks raises forecast on strong sales; opening 1,300 stores in 2013

    Seattle -- Starbucks Coffee Co. reported a higher-than expected net income of $359 million for its fourth quarter, compared with $358.5 million in the year-ago period. The company also raised its earnings estimate for the next fiscal year.

    Revenue rose 11% in the fourth quarter, to $3.36 billion. Same-store sales rose 6%, fueled by higher customer traffic.

  • DSW acquires corporate headquarters and Columbus DC

    Columbus, Ohio -- DSW Inc. announced Thursday the acquisition of 810 AC LLC, which owns the corporate headquarters of DSW, as well as its 700,000-sq.-ft. distribution center and trailer lot on its home office campus in Columbus, Ohio.

    Purchase price was $72 million.

    The company recently completed the $15 million installation of an automatic sortation facility in the distribution center to support its size replenishment program.

     

  • The case for unconventional collaboration

    This holiday season promises to be the most digital of all time with forecasts calling for e-commerce growth to handily outpace overall industry sales. At UPS, the multi-channel movement is a trend we have watched intensify and helped facilitate during the past decade. Chances are good one of our delivery vehicles will visit your home or that of a family member this Christmas.

  • Hhgregg profit drops in Q2

    Indianapolis -- Hhgregg reported Friday that net income for the quarter ended Sept. 30 dropped to $3.8 million from $6 million last year. Sales dipped 5% to $587.6 million and same-store sales dropped 8.8%.

    According to CEO Dennis May, the electronics and appliances retailer is testing new merchandise and, in the third quarter, will roll out furniture and exercise equipment to all stores. He also said the current fiscal 2013 outlook calls for 20 new store openings from a previous range of 20-22.

     

  • Leading C-store chain changes Sheetz

    The 430 unit Sheetz convenience store chain will have a new president and CEO with a familiar name in 2013.

    The $6.3 billion company announced that Joe Sheetz, currently EVP of finance and store development, would become president and CEO and current president and CEO Stan Sheetz would assume the title of chairman. Current chairman Steve Sheetz fills a newly create position as the company's family council chairman. The changes take effect October 2013.

  • Sears Canada unveils renovation of four stores

    Toronto -- Sears Canada said Friday it has unveiled four refreshed store concepts in Ontario, and Quebec, each featuring additional brands and product displays.

    The Kitchen Shop now features small appliances organized by type and major appliances are displayed in gallery settings. A number of departments, including mattresses and footwear, have deepened product offerings and enhanced the merchandising of the lines.

  • Williams-Sonoma makes Quebec debut

    SAN FRANCISCO — Williams-Sonoma will open its first store in Quebec, Canada, on Nov. 3. Located at Carrefour Laval in Laval, Quebec, the new store marks Williams-Sonoma’s eighth location in Canada, and will be the first to showcase a brand new store design.

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