Skip to main content

Sales & Marketing

  • PetSmart raises guidance following Q2 results

    PHOENIX — PetSmart’s total sales for the quarter ended Aug. were $1.7 billion, up 5.3% from $1.6 billion for the prior-year period, showing that people are still spending money on their pets despite lingering economic challenges and cautious shopping behavior trends evident in other sectors. 

    Comparable-store sales, or sales in stores open at least a year, grew 3.4%, benefitting from comparable transactions growth of 1%. Services sales, which are included in total sales, grew 7.3% to $205 million.

  • Domino’s debuts new design in metro New Orleans

    New Orleans — Domino’ Pizza franchise operator in Alabama, Louisiana and Mississippi, RPM Pizza, has debuted a new Domino’s store design on the West Bank of the Mississippi River in the New Orleans metropolitan area.

    The new design includes a lobby, open-area viewing of food preparation and a lobby screen that tracks carryout orders electronically. In addition, chalkboards invite customers to leave feedback for store employees.

    Dominos boasts more than 10,400 stores in more than 70 international markets.

     

  • Target’s 2Q profits solid, but outlook softens

    Target produced solid profits on tepid second quarter sales growth but joined the growing list of retailers to express reservations about the health of the consumer during the back half of the year.

    Target said its U.S. stores produced a 1.2% same store sales increase during the second quarter ended August 3, and total sales increased 2.4% to $16.8 billion from $16.5 billion during second quarter last year. Operating profits grew at a meager 0.4% rate to $1.33 billion from $1.32 billion.

  • Neiman Marcus launches online beauty program

    Dallas -- Neiman Marcus has launched its online Beauty Product Specialist Program offering online customers the personalized counter experience they would receive in a Neiman Marcus store.

    "Through this program our customers can expect to receive guidance on skincare regimes, makeup application, and choosing a personal scent," said Kelly St. John, Neiman Marcus Direct VP, divisional merchandise manager, beauty.

     

  • Walmart to offer free layaway for the holidays

    Bentonville, Ark. -- Walmart will offer customers free layaway with no opening fee for the holidays. The program will run Sept. 13 through Dec. 13, but the chain’s Facebook fans will have a two-day head start this year with access to layaway on Sept. 11 and Sept. 12.

    Eligible layaway items include electronics, toys, jewelry, small appliances and select sporting goods. And new in 2013 are infant toys and automotive electronics such as speakers and stereos.

  • Guess? dons new chief of operations

    LOS ANGELES — Global lifestyle brand Guess? has appointed Michael Relich as the company’s chief operating officer. As part of the brand’s executive leadership team, Relich will report to co-founder and CEO Paul Marciano.

    Relich spent nine years as the brand’s chief information officer. Relich has had increasing global responsibilities, leading a number of areas, including IT, distribution/logistics, e-commerce and strategic planning.  

  • Staples Q2 net drops 15%; lowers forecast

    Framingham, Mass. -- Staples said Wednesday that its second quarter net income dropped 15% amid store closings, declining traffic and lower sales of computers, ink and toner. The retailer also cut its full-year earnings and revenue forecasts, citing the weaker-than-expected results.

    Staples earned $102.5 million for the period ended Aug. 3, compared to $120.4 million last year.

  • Phillips Edison buys grocery-anchored center

    Cincinnati — Phillips Edison-ARC Shopping Center REIT has acquired Paradise Crossing, a 67,470-sq.-ft. shopping center anchored by a Publix grocery store.

    Located in Lithia Springs, Ga., a suburb of Atlanta, Paradise Crossing is 93.7% occupied. When combined with the Publix lease, 64% of the rents for the center derive from national tenants.

    The acquisition brings the REIT’s portfolio to 50 grocery-anchored properties, with an aggregate portfolio purchase price of approximately $729.6 million.

     

X
This ad will auto-close in 10 seconds