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Retail

  • OfficeMax changes names of U.S. contract business

    Naperville, Ill. -- OfficeMax Inc. announced that its U.S. contract business will now go to market as OfficeMax Workplace.

    The company said the new name reflects its commitment to developing strategic relationships with a wide array of customers including businesses, universities, hospitals, schools and local governments to provide them with tailored solutions specific to the unique needs of their workplace.

     

  • Guess Inc. top finance execs resign

    LOS ANGELES — Guess? Inc. announced tht its COO, J. Michael Prince; and SVP and CFO, Dennis Secor.  Both are leaving to pursue other interests. Prince will remain with the company until Nov. 26 and Secor will remain with the company until Dec. 7.

    Paul Marciano, CEO, stated, "We wish Michael and Dennis well in their future endeavors and thank them for their contributions to our company. Given the depth of our management team, we expect a very smooth and orderly transition."

  • Target unveils holiday gift card assortment; includes digital option

    Minneapolis -- Target Corp. unveiled its lineup of gift cards for the upcoming holiday season. The expanded assortment, which include traditional gift cards with holiday and multicultural designs, and digital options, will be available in stores on Nov. 4

  • ShopperTrak names 10 busiest shopping days of coming holiday season

    Chicago — Black Friday will be the single biggest sales and foot traffic day of this holiday season, followed by Saturday, Dec. 22, according to ShopperTrak, the world’s largest counter and analyzer of retail foot traffic. With the greatest possible number of shopping days — 32 — lying between Black Friday and Christmas this year, ShopperTrak predicts that national retail sales will rise 3.3% (over last year) during the peak holiday shopping months of November and December; retail foot traffic will increase 2.8%.

  • NRF forges on with swipe fee battle

    WASHINGTON — The National Retail Federation is continuing its fight against credit card swipe fees by asking a judge to reject a proposed class-action settlement of a federal antitrust lawsuit, saying it would not bring the fees charged by Visa and MasterCard under control and does not give retailers who oppose it an adequate mechanism to opt out.

  • Harris Teeter swings to profit in Q4

    Matthews, N.C. -- Harris Teeter Supermarkets reported Friday a profit of $22.8 million in its fourth quarter, compared with a loss of $8.9 million last year.

    Sales edged up 3.7% to $1.14 billion, and same-store sales increased 3.01%.

    The grocer has introduced a new format and banner – 201central – that it is using as a platform to sell a global variety of wine, beer, specialty foods and other selected merchandise.

    Plans for fiscal 2013 include 12 new stores and nine major remodels.

     

  • Bebe stores swings to loss in Q1

    Brisbane, Calif. -- Bebe stores reported Friday a net loss of $2.6 million for the quarter ended Sept. 29, compared with net income of $2.4 million for the year-ago period.

    Sales slipped 7.3% to $117.1 million from $126.3 million, and same-store sales dropped 8.7%.

    During the quarter, the company opened five 2b stores and closed seven Bebe stores, and said it expects to open five Bebe stores and one 2b store in fiscal 2013 as well as close five Bebe stores and one 2b pop-up store.

     

  • Kroger's cross country relief effort

    Ralphs and Food 4 Less don't have stores anywhere near the Northeastern U.S., but that didn't stop the Kroger divisions from joining with other retailers providing an outpouring of support to those coping with the aftermath of Hurricane Sandy.

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