Sales & Marketing

Lowe's rode the same wave of recovery in the housing market as its rival Home Depot in the fourth quarter, topping its own expectations with substantial gains.

The CEO of HSN says that for the first time ever, more than half of sales at HSN came from digital channels.

But onine sales did not make up for heavy discounting, and the companyposted profit and revenue declines.The company reported that for the fourth quarter ended Dec. 31, net sales decreased 2% and adjusted EBITDA decreased 3%.Adjusted EPS was $1.15 compared to $1.22 in the prior year.

Consumers in the U.S. are definitely relying on digital tools to aid their shopping activities.

According to a new study of 2,000 consumers in nine countries including the U.S. from Deloitte, “Navigating the New Digital Divide,” 49% of purchases made in the U.S. are digitally influenced, and 28% are influenced by mobile.

Shirley, N.Y. -- Heidenberg Properties announced that its Southport Shopping Center, located in Shirley, New York, marks its 25th anniversary. The center is 100% leased, anchored by Marshalls, Petland and Kohl's.

The center first opened to the public in 1990 with original anchors Caldor and Waldbaum's. Over the years, the retail mix has evolved and the center has expanded from 207,000 to 299,000 sq. ft. The first major expansion was the addition of a 33,000 square foot Sears Hardware in 1998.

Off-price giant The TJX Companies attracted record numbers of bargain-hungry shoppers during the holiday period as the retailer reported record sales and profit sales for the fourth quarter.

For the period ended Jan. 30, net sales at TJX Cos. increased 8% to $8.96 billion, and same-store sales increased 6%.

Net income rose 2.8% to $666.5 million and diluted earnings per share were 99 cents, a 6% increase over the prior year’s 93 cents. Both income and sales exceeded expectations.

Wakefern Food Corp. has named executive Cheryl Williams as its new CIO and VP of the computer information services division.