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  • Destination Maternity net income drops in Q2 on adverse weather

    Philadelphia -- Destination Maternity Corp. reported that net income for the quarter ended March 31, 2014 dipped to $3.2 million, compared to $5.9 million in the same period last year.

    Revenue fell 6.5% to $126.1 million from $134.9 million, and same-store sales decreased 5.1%. CEO Ed Krell blamed the disappointing results on inclement weather.

  • Extreme weather was no match for Tractor Supply

    Sales of animal- and pet-related merchandise and winter seasonal items helped push up sales at Tractor Supply Co. in the first quarter ended March 29.

    Net sales increased 9% in the quarter to $1.18 billion, up from $1.09 billion in the same quarter last year. Comparable-store sales increased 2.2%.

    Net income for the quarter increased 10.9% to $48.8 million, up from $44 million

    Greg Sandfort, president and CEO, said the first-quarter results demonstrated an ability to perform during tough weather conditions.

  • Leslie's Poolmart opening 20 stores this week

    Phoenix -- Leslie's Poolmart, Inc. said it will grand-open 20 retail locations throughout the U.S. on April 25; stores will open in Alabama, Illinois, Indiana, Louisiana, Maryland, Missouri, Mississippi, North Carolina, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, and Virginia.

    In total, Leslie's plans to open 45 new stores this year, between April and May of 2014.

     

  • Starbucks files permits for La Boulange store in Los Angeles

    Seattle – Starbucks Corp. has filed building permits to open a La Boulange bakery location in Los Angeles. The permits do not specify a time when Starbucks plans to open the new store.

    Starbucks purchased the La Boulange chain in 2012 and currently sells La Boulange-branded baked goods in U.S. Starbucks outlets. However, while there are 22 La Boulange stores in San Francisco, this would be the first location outside that market. Starbucks has previously said it wants to expand La Boulange nationally.

     

  • Supervalu CEO pleased with fourth-quarter results

    Things are looking good for Supervalu, which reported fourth quarter fiscal 2014 net sales of $4 billion, up 1.4%, and net earnings of $26 million, or $0.10 per diluted share.

    "Fiscal 2014 was an important transition year for Supervalu as we stabilized the organization and set the foundation for our future,” stated Sam Duncan, Supervalu president and CEO. “I am pleased with the direction of our business segments and look forward to the new fiscal year where we can focus our attention on driving sales growth across the organization.”

  • FedEx to expand Canadian retail presence

    Mississauga, Canada - Federal Express Canada Ltd. has reached an agreement with Home Hardware Stores Ltd. that allows individual dealer-owners the ability to house full-service FedEx Authorized ShipCenters within their stores. The FedEx Authorized ShipCenters will be rolled out across Canada in a series of implementation waves throughout the year.

  • Survey: Nearly all consumers are omni-channel shoppers

    Ann Arbor, Mich. -- These days, virtually everyone is a cross-channel shopper: 95% of consumers frequently or occasionally shop a retailer's website and store, according to a recent survey by CFI Group that was sponsored by eBay Enterprise.

    The study, “Omni-Channel Insights,” reveals that consumers expect exceptional service, while having the convenience of seamless in-store and online shopping.

  • GENCO helps Hershey on sustainability

    Hershey achieved many of its sustainability goals more quickly than planned and the efforts of product lifecyle and reverse logistics leader GENCO illustrate how Hershey made it happen.

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