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  • Nordstrom Rack expanding in New Jersey; to open in Eatontown

    Seattle -- Nordstrom plans to open a Nordstrom Rack Crossroads at Eatontown in Eatontown, N.J.   The 35,250-square-foot store is scheduled to open in fall 2015. Crossroads at Eatontown is owned and operated by LGR Associates, LP.  

  • Lozier Corp. acquires Leggett & Platt Store Fixtures Group

    Omaha, Nebraska -- Lozier Corporation, a provider of store fixtures to major retailers around the world, announced the acquisition of the Leggett & Platt Store Fixtures Group, another leading manufacturer of retail fixtures.  

  • Report: Wal-Mart plans to close 30 Seiyu stores in Japan

    Bentonville, Ark. – Wal-Mart Stores Inc plans to close about 30 underperforming Seiyu stores in Japan. Wal-Mart first invested in Seiyu in 2002 and took full control of the chain in 2008.  

  • Walmart pares Japanese store portfolio in EDLP move

    Walmart’s Japanese subsidiary Seiyu plans to close 30 stores and remodel 50 others next year in an effort to strengthen its every day low price strategy.

  • Luxottica sees higher Q3 profit, revenue; to pay Cavatorta $6 million

    Milan, Italy –- Specialty eyewear retailer Luxottica Group S.P.A. reported increases in profit and revenue during the third quarter of fiscal 2014. Net income grew 10% to $259.2 million from $236.8 million in the third quarter of the prior fiscal year, while net sales rose 5% to $3.01 billion from $2.85 billion.  

  • Survey: U.S., U.K., Germany most desirable global e-shopping destinations

    Stamford, Conn. -- The U.S., U.K. and Germany are the most desirable e-destinations for consumers to purchase goods online outside their own country. According to new global online research from Pitney Bowes Inc., Australians are the most likely to buy products online from retailers outside their own country (63%) followed by Canada and Russia (both 54%).    

  • Deloitte forecasts a happy holiday, with 9% increase in spending on gifts

    New York -- Shoppers plan to spend more during the upcoming holiday season with omnichannel shoppers having even higher spending expectations. According to Deloitte’s 29th annual holiday survey, total holiday spending is predicted to increase by 13% to $1,299 per household, including gifts, socializing away from home, entertaining at home, non-gift clothing for family or self, home/holiday furnishings, and any other holiday-related spending not in the other categories.  

  • Report: Congestion at Los Angeles ports causing shipping crisis

    New York -- Congestion at the ports of Los Angeles and Long Beach (California) are causing logistical headaches for retailers that could turn into serious problems as they head into the holiday shopping season, according to the Los Angeles Times.  
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