Sales & Marketing

Bellport, N.Y. – Perfumania wants to be sure investors hear about its growth potential. The specialty fragrance and beauty retailer has retained JCIR, a New York City-based investor relations firm, to expand its investor relations and financial community outreach program.

New York -- Macy’s is set to unveil its new store banner, the off-price Macy’s Backstage, in the Queens borough of New York City and Huntington, New York, on Sept. 2.

The store offers a no-frills shopping experience, according to the Associated Press, which was given a sneak peek at the new format.

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Pembroke Pines, Fla. -- General Growth Properties and AMC Theatres announced the addition of a new 40,000-sq. ft. theater to Pembroke Lakes Mall in Pembroke Pines, Florida. Construction is set to begin early 2016, with an expected opening in early 2017.

The nine-screen AMC theatre will also feature power-reclining seating for up to 1,000 guests, a Marketplace food and beverage area, IMAX and Dolby Cinema.
 

Irvine, Calif. – Boot Barn Holdings Inc. is kicking off a set of store openings in Texas with four new stores Aug. 28-30. Three of the new stores will be in the Houston market and one will be in Euless, outside of Fort Worth.

The CEO of Michaels says an improved merchandising strategy and a focus on the customer experience helped drive sales growth at the specialty retailer in the second quarter.

Total sales increased 3.8% to $984.3 million in the second quarter ended Aug. 1 at Michaels and same store sales increased 2.9%. Michaels reported a profit of $35.7 million, or 17 cents a share, vs. a loss of $46.8 million, or 26 cents a share, a year ago.

Bolingbrook, Ill. -- Fast-growing Ulta Beauty shows no signs of losing its momentum as the specialty retailer reported better than-expected results for the second quarter and raised its guidance.

On its quarterly earnings call, Ulta said it will launch a national television advertising campaign.

Ulta’s net profits increased 8.5% to $74.2 million, from $60.8 million in the year-ago period, helped by an improved online assortment and less overall discounting.

Ulta Beauty is continuing to deliver blockbuster financial results by attracting blockbuster numbers of shoppers to its stores. 

The beauty retailer reported a 7% increase in customer traffic for the second quarter ended Aug. 1 and average spending rose by 3%. The company also raised its outlook for the second time this year: Comps are now targeted at rising 9%, rather than the 8% the Ulta team forecast in May. 

Chicago - Starwood Retail Partners is rewarding mall shoppers, regardless of which stores in the mall they choose to shop.

Starwood is rolling out Oh, So Simple Rewards, a program that lets consumers earn credit for their purchases at stores across the entire mall.