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Sales & Marketing

  • Why Costco won’t have a problem with California’s $15 minimum wage

    In a history-making move that would have a direct impact on the retail industry and food service sector, the state of California has moved closer to raising the statewide minimum wage to $15 an hour by 2022.

  • Ross Stores on track for 90 new stores in 2016

    Ross Stores has ambitious store expansion plans for 2016—and sees plenty of potential beyond that.

    The off-price retailer opened a total of 22 Ross Dress for Less and six dd’s Discounts stores across 15 different states in February and March.

    The new locations are part of the company’s 2016 expansion plans to add approximately 70 Ross and 20 dd’s Discounts locations throughout the year.

  • Destination Maternity gives turnaround update; loses CFO

    Destination Maternity says its turnaround efforts are working to drive long-term growth despite a decrease in same-store sales during the fourth quarter.

    The company said that for the fourth quarter ended Jan. 30, same-store sales decreased 3.5%. The retailer's net loss improved to $3.1 million compared to a net loss of $17 million in the prior year quarter. Net sales were $118.3 million, compared with $121.2 million for the comparable three month in 2015.

  • Foot Locker treads new territory on Wall Street

    Following a record performance in 2015, Foot Locker has become the newest member of the S&P 500 index, which bodes well for the performance of the company’s share price.

    After the close of trading on Friday, April 1, Foot Locker will replace oil and gas equipment services provider Cameron International as the newest constituent in the S&P 500 index, according to a statement by S&P Dow Jones Indices LLC, a part of McGraw Hill Financial. A spot on the S&P 500 index opened up after Cameron was acquired by Schlumberger Ltd.

  • Conn's to open new stores; names board member

    Conn’s is planning tomake investments in technology, credit and personnel in 2016 as the retailer looks to expand its footprint with some 10 to 15 new stores and improve profitability.

    For the fourth quarter ended Jan. 31 the retailer said revenues increased 7% to $456.8 million. Same store sales decreased 1.7%. Conn's said its credit segment operating loss increased from $11.3 million to $19.3 million, driven primarily by bad debts.

  • Apple opens next-generation store

    Photo by Apple insider

    Apple has take the wraps off its hotly anticipted next-generation store, which is located at the Shops of Saddle Creek South in Germantown, Tennessee, a suburb of Memphis.

    The space features a massive display screen that stands nearly floor-to-ceiling at the wall opposite the store's all-glass entrance, reported AppleInsider.

    For more, click here.

  • Ron Johnson’s Enjoy expanding

    The nearly one-year-old online retail startup from Ron Johnson is expanding into new markets.

    Enjoy, which sells higher-end consumer electronics that trained experts hand deliver and provide training for at no additional charge, has added Los Angeles to its delivery area. Its next market will be Chicago.

    The company already services San Francisco and New York City.

  • Study: Younger shoppers want stores

    Gen Z and Millennials are big on physical stores — even more so than their older counterparts.

    That’s one of the findings of a new research study by insights firm iModerate in which 74% of all respondents said it is important for brands to have a physical location rather than solely selling online. Interestingly, 80% of Gen Zers and 82% of Millennials respondents said it is important, compared to 69% of Gen Xers and 65% of Boomers.

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