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Retail

  • PriceSmart sales and profit rise in Q4

    San Diego, Calif. -- Warehouse club operator PriceSmart reported Wednesday that net income for the quarter ended Aug. 31 rose to $17.7 million from $12.7 million in the year-ago period.

    Total revenue rose to $515.5 million from $447.4 million.

     

  • Von Maur uses Oracle to optimize operations and enhance service

    Redwood Shores, Calif. -- Regional department store retailer Von Maur has implemented the Oracle Retail Merchandising System suite of applications to support same-store revenue growth, as well as its scheduled expansion into new markets, such as Atlanta, Milwaukee, Victor, N.Y., and Hoover, Ala.
     

  • New Target coming to Chicago’s north side

    The opening of the first CityTarget in Chicago was a big deal this summer, but next fall an even bigger development is coming to an area just a few miles further north.

  • IIC-Intersport acquires 100% of The Athlete’s Foot

    Paris -- A Tuesday report by Women’s Wear Daily said that sporting goods retailer IIC-Intersport International Corp. will acquire 100% of The Athlete’s Foot, expanding Intersport’s presence to 63 countries from its current 41.

  • Team Target adds Canadian talent

    Target added to its roster of action sports athletes recently with the signing of Canadian freeskier Rosalind Groenewoud.

    According to Target, she is affectionately recognized by many simply as Roz G and is known for her amplitude and large variety of tricks. Widely considered to be one of the most influential halfpipe skiers in the world she joins eight other elite action sports athletes representing Target.

  • LA-based PizzaRev: The next big thing in fast casual

  • Orchard Supply names Overstock.com exec to marketing post

    San Jose, Calif. -- Orchard Supply Hardware Stores Corp. said Wednesday it has named Samantha Osselaer as VP marketing, effective Nov. 5.

    Osselaer was most recently senior director, creative and branding, for Overstock.com and has also served as a creative VP for both Smith & Hawken and Macy’s.

    As one of her duties, Osselaer will lead the branding and marketing of the chain’s new neighborhood store format that is currently being rolled out.

     

  • Vantiv strengthen mobile capabilities

    Leading payment processor Vantiv said it signed an agreement to acquire Litle & Co., a leading mobile payment processor in a deal valued at $361 million.

    According to Vantiv president and CEO, Charles Drucker, the deal makes sense because e-commerce is one of the fastest growing segments of payments.

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