Sales & Marketing

Teen retailer Five Below elevated Joel Anderson to the role of CEO in conjunction with the release of third quarter results that showed strong improvement in profitability despite a modest 1.5 percent same store sales increase.

New York - On the heels of its eight straight quarterly loss, Aeropostale said it would close about 75 stores in the current quarter, and could close 50 to 75 more namesake locations in 2015, and 126 P.S. from Aeropostale stores by the end of January.   The struggling teen retailer reported a net loss of $52.3 million in the third quarter ended Nov. 1,  up from $25.6 million, in the year ago period. It also forecast a bigger-than-expected fourth-quarter loss.  

Kmart eked out a positive third quarter same store sales increase, but parent company Sears Holdings still reported a $548 million loss while CEO Edward Lampert claimed customers are responding to transformation efforts.

Toronto, Canada – Hudson’s Bay Company is launching a new credit card program with Capital One Financial Corp. that includes the Saks Fifth Avenue banner. The agreement is also planned to add the Lord & Taylor credit card program in June 2015, subject to certain closing conditions.  

San Jose, Calif. - Cyber Monday (Dec. 1) saw nearly 30% more online shopping activity than any other shopping day during the 2014 Thanksgiving-to-Cyber Monday holiday timeframe. Data from SLI Systems outlining e-commerce activity across online retailers in the U.S. during the five-day period reveals that Cyber Monday at 10:00 PM EST was the peak online shopping hour.  Nearly 40% of the online shopping was conducted on mobile devices. Other key findings from the study include:  

Wawa will become the first national retailer in the convenience retail channel to offer Coca-Cola Freestyle soda fountains chain-wide.

The Coca-Cola Freestyle machine is a touchscreen soda fountain that features over 100 different Coca-Cola drink products and custom flavors.

Plano, Texas –  Hoping to boost its holiday mobile traffic, J.C. Penney has enhanced its digital presence, including an all-new JCPenney iPhone app. Along with improved navigation, faster browsing and easier access to coupons, one notable feature of the JCPenney app is the ability for customers to scan the barcode of an item to find its availability on jcpenney.com   

Las Vegas - Fresh & Easy, the former Tesco-owned grocery format, is testing a dramatically new look at seven plus stores in the  Las Vegas market.    The stores have been remodeled with a more modern feel and layout and a greater emphasis on ready meal solutions, with such features as a “Fresh To Go” hot food bar, a pizza over, a coffee bar and made-to-order sandwiches. A revamped product selection with lower fixtures and a more abundant selection of fresh food.