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  • European fast-fashion retailer opens DC on eve of U.S. expansion

    New York -- An Irish fast-fashion leader is getting ready to make its U.S. debut.

    Primark, known for its value prices and on-trend fashions for the entire family, leased a 677,000-sq.-ft. distribution center to support its entry into the United States.

  • Primark makes fast fashion move in Northeast

    Leading European apparel retailer Primark is so confident its brand of fast fashion will appeal to American shoppers it has leased a 677,000-sq.-ft. distribution center to support its new stores opening this month.

    The first Primark store opens on Sept. 10 in Boston and will be followed by a second opening in November at the King of Prussia mall in Philadelphia. Six additional openings are planned before year end in Burlington and Braintree, Mass., Danbury, Conn., Freehold, N.J., Willow Grove, Pa. and Staten Island.

  • True Value expands again in PIttsburgh

    The True Value Company family has expanded with the addition of Pittsburgh-based Busy Beaver Home Improvement Centers.

  • Five Below’s Q2 sales performance raises questions, but store expansion remains on track

    Philadelphia -- Teen and tween fave Five Below Inc. may not be meeting sales projections, but it remains on track for store expansion, with plans to open a total of 70 net new stores during fiscal 2015, including 16 net new stores in the third quarter.

    The company, where every item costs no more than $5, is achieving its profitability targets, but doing so with productivity improvement in its selling space that is surprisingly weak given the newness of its store base.

  • Wayfair gets into the 'Shark Tank' with entrepreneurs

    Fast-growing online furnishings retailer Wayfair.com plans to host a “Shark Tank-like” business competition for entrepreneurs.

    Winners of the "Kitchen Cabinet" contest will receive a $2,500 home office makeover and a business consultation from the home furnishings and decor e-tailer.

    Wayfair said the event will take place Oct. 2 and its Heart Home conference, a three-day gathering of bloggers, designers, and other entrepreneurs, at the Boston Copley Marriott. Participants must enter by Sept. 15.

  • What’s wrong with Five Below?

    A rapidly expanding retailer led by a former top Walmart executive is supposed to produce strong same store sales growth, leverage expenses and increase profits. So why isn’t Five Below?

    Joel Anderson’s tenure as CEO of value priced retailer Five Below (where everything cost less than $5) is off to an uneven start. The company is achieving its profitability targets, but doing so with productivity improvement in its selling space that is surprisingly weak given the newness of its store base.

  • Retail solutions showroom now open in Philly

    As the demand for differentiation grows among retailers and suppliers, Daymon Worldwide’s Omni Global Sourcing Solutions has opened a new showroom to allow customers access to in-demand seasonal and general merchandise imports.

  • Why Costco may be the envy of Walmart

    Despite reporting ho-hum sales for July, Costco said Thursday that its comps for the fourth quarter and fiscal year were up an impressive 6%.

  • Malicious and unfair: Albertsons sued for $1 billion

    Regional supermarket chain Haggen’s acquisition of 146 Albertsons and Safeway stores has been a disaster and the reasons why are detailed in a new lawsuit that heaps blame of the parent company of divested stores.

  • Shoe Carnival celebrates profit hike in Q2, plans new stores

    Evansville, Ind. -- Shoe Carnival Inc. kicked up its heels about its profit in the second quarter, but missed on sales.

    Aided by higher merchandise margins and lower advertising expenses, Shoe Carnival reported net earnings of $4.8 million, up 84% from $2.6 million a year earlier. Its results easily beat estimates.

    Net sales rose 2% $227.8 million, less than expected, from $222.1 million. Same-store sales rose 0.5%.

    Shoe Carnival plans to open 21 new stores and close 15 stores by the end of fiscal 2015.

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