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Sales & Marketing

  • Big brand extravaganza comes to Michigan

    The Heluva Good! Sour Cream Dips 400 takes place next weekend at the Michigan International Speedway, and Walmart stores near the track are rolling out the checkered carpet to capitalize on race fever. A variety of special events will be held at stores near the track beginning on Wednesday, June 15.

  • Gap going value

    “The economic model of Outlet is the highest return on capital and is where customers gravitate," Gap CEO Glenn Murphy said at an investment conference in New York City, where he revealed the company will close 200 U.S. Gap stores and expand its outlet base.

    But don’t expect the stores to be filled with last year’s castoffs.

    "I don't want them bringing stripes in the stores if stripes are last year's idea,” Murphy said.

  • Lids acquires Buckeye Corner

    Indianapolis -- Lids Sports Group announced the acquisition of Buckeye Corner stores, which operates four stores in the Columbus, Ohio, area. The acquisition also includes Buckeye’s e-commerce website and a catalog business.

    Terms of the acquisition were not disclosed.

  • 7-Eleven to convert Mother Hubbard c-stores to own banner

    Chicago -- A Friday report by the Quad City Business Journal said that 7-Eleven will rebrand its previously acquired 14-store Mother Hubbard chain into 7-Eleven stores.

    After acquiring the Mother Hubbard’s stores in early 2010 from MHC Convenience LLC, 7-Eleven Inc. announced that it plans to rebrand all 14 stores and offer them for franchise. The sale involved 16 Mother Hubbard’s Cupboard stores, but two in Bettendorf, Iowa, are not currently slated for conversion.

  • Macy’s to overhaul Eastwood Mall store

    Niles, Ohio -- Youngstown, Ohio-based Cafaro Co., which owns Eastwood Mall in Niles, Ohio, announced Thursday that anchor Macy’s will begin a multi-million dollar renovation, which will be its first full-store refresh since its opening in 1969.

    The renovation to the two-level, 157,000-sq.-ft. Macy’s will include new flooring, ceiling and wall treatments, additional accent lighting and new fixtures. The aisles will be reconfigured to improve flow and sight lines.

  • First Data Report: Spending growth slowed in May

    Atlanta -- A report released Thursday by First Data Corp. said that consumer spending growth slowed in May as concerns about the economy mounted.

    According to the First Data SpendTrend analysis for the full month of May 2011, which tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations, year-over-year dollar volume growth slowed to 6.6%, the lowest monthly growth rate in 2011.

  • NRF praises Senate vote in favor of swipe-fee reform

    Washington, D.C. -- On Wednesday, the Senate rejected the Tester-Corker amendment to delay swipe-fee reform.

  • From e-commerce to f-commerce and who knows, t-commerce?

    A Wild West atmosphere remains evident in the world of e-commerce as brands, once reluctant to sell directly to customers online for fear of alienating retailers, are now experimenting with novel ideas that just a few years ago would have been unthinkable.

    For example, Ad Age this week chronicles an example involving Procter & Gamble selling products direct to consumers on its Facebook fan pages for several leading brands such as Tide, Gillette, Olay, Gain, CoverGirl, Luvs and Febreze.

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