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Sales & Marketing

  • Walmart fires opening salvo of 2015 holiday season

    The holiday force has awakened earlier than ever at Walmart with the Aug. 28 launch of a major initiative called Toy Week.

    Walmart has released its top toy list of 25 products and announced details of a layaway program that is less restrictive than prior years. The program begins Aug. 28, two weeks earlier than last years, and those participating will find the price point of eligible items has been reduced to $10 with a minimum basket size of $50, there is no account opening fee and only a 10% down payment is required.

  • Dollar General Q2 profit tops Street, on track to open 730 stores

    Goodlettsville, Tenn. — Dollar General posted better-than-expected earnings for the second quarter, but came up short on sales, even amid strong demand for tobacco products and other consumables.

    The discounter reiterated plans to open approximately 730 stores in 2015, and relocate or remodel 875 units. To date, the company is on track with its pipeline development to accelerate new store openings to 7% square footage growth in 2016.

  • Bealls targets younger, active crowd with new store concept

    New York — Bealls Inc. has taken the wraps off its new store banner targeted at millennials.

    The department store retailer debuted Bunulu at Coconut Point Mall in Estero, Fla. Two additional locations at the St. Johns Town Center in Jacksonville, Fla. and The Garden Mall in Palm Beach, Fla. are due to open by the end of this year.

  • Foreign currency hits Guess in Q2

    New York — Guess Inc. cited the negative impact of foreign currency fluctuations on earnings and sales in a difficult second quarter of fiscal 2016. Net earnings totaled $18.3 million, a 17% decrease compared to $22 million for the second quarter of fiscal 2015.

    Total net revenue decreased 10%, from $608.6 million to $546.3 million. Same-store sales, including e-commerce, dropped 2.8% in the United States and Canada. In one bright spot, top-line e-commerce sales grew 20%.

  • Fred's focused on boosting pharmacy profits

    Fred's Super Dollar says it has contacted a consulting firm to help it improve profitability after the retailer remained unprofitable for its fifth consecutive quarter.

  • GameStop a winner in Q2

    Grapevine, Texas – GameStop Corp. on Thursday posted a strong second quarter, with profit and revenue that topped analysts’ estimates.

    The retailer’s net income rose 3% to $25.3 million from $24.6 million.

  • There's a new (retail) box in town

    Retailers that stock the world’s top drugstore brands may be in for some competition from Pharmabox, which plans to install its first automated kiosk in a mall in the Miami area.

  • Stuart Weitzman 'makes that move' with Gisele

    Gisele Bundchen may have retired from the runway, but Stuart Weitzman knows the supermodel still appeals to fashionable shoppers.

    So the retailer has enlisted the celebrity mom to star in the brand's first TV commercial, which will premiere during this year’s MTV Video Music Awards on Aug. 30.

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