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Sales & Marketing

  • DSW completes merger with Retail Ventures

    COLUMBUS, Ohio— DSW Inc. and its largest shareholder, Retail Ventures have completed their previously-announced merger.

  • Report: Tenuous retail recovery continues as employment gains accelerate

    Chicago — A report released by Chicago-based Jones Lang LaSalle found that the retail sector is edging toward recovery driven by growth in job market, gains in corporate profits and improvements in credit markets.

    According to Jones Lang LaSalle’s North America Mid-Year Retail Outlook, the environment is still not without risk as rising fuel costs and a continued weak housing market, coupled with an increasingly volatile global geopolitical climate, continue to slow retail recovery as consumers remain tentatively cautious. 

  • A&P completes auction of 25 Superfresh stores

    MONTVALE, .N.J. — The Great Atlantic & Pacific Tea Company announced that it recently completed the previously announced auction of 25 southern Superfresh locations, as it continues to fully implement its comprehensive financial and operational restructuring. The winning bids, which are subject to approval from the bankruptcy court before the sales would be completed, will be listed in motions of the company to be filed with the court on May 27.

     The winning bids are as follows:

  • Fred's net income increases 16%

    MEMPHIS, Tenn. — Fred's net income increased 16% to $9.5 million, or 24 cents per diluted share, compared with net income of $8.2 million, or 21 cents per diluted share in the year-earlier period.

    The retailer said that total sales rose 3% to $484.4 million from $471.6 million for the same period last year. For comps, Fred's reported a 1% rise on top of a 2.2% increase for the first quarter last year.

    Fred's gross profit for first quarter 2011 increased 1% to $137.9 million from $136.9 million in the prior-year period.

  • PREIT names retail leasing directors

    Philadelphia — Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) announced that it has hired two new directors of retail leasing— Peter Elliott and Amy MacLaren.

    Both will be responsible for the leasing of regional malls and retail relationships with key national tenants. 

  • Whose ad budget is it, anyway?

    By Scott Setrakian, [email protected]

    Who should manage your company's digital ad budget dollars? In an advertising world where digital advertising dollars have now been proven to impact in-store sales, who should own the digital ad budget — the dot.com division, or the stores team?

  • Mega Brands to create Thomas & Friends construction sets through renewed licensing deal

    MONTREAL — Mega Brands announced that it has extended its licensing agreement with Hit Entertainment to  develop construction sets based on Thomas & Friends.

    Under the expanded contract, Mega Brands is granted the global rights to create all-new construction toy sets based on the exciting world of Thomas & Friends, including new iconic characters and Island of Sodor destinations straight from the popular long-running television series, according to a press release.

  • HHGregg 4Q profit surges 46%, slows new store growth

    Indianapolis — Electronics and appliances retailer hhgregg Inc. said Thursday that its profit leaped 46% in its fiscal 4Q, to $14.6 million from $10 million in the year-ago period. However, same-store sales tumbled nearly 11% in the company, and the company said it will slow the pace at which it opens new stores in the next fiscal year. Previously, it expected to open 35 to 45 stores in the next year, but now cut the upper range to 40 stores.

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