Data & Analytics

NRF announces creation of Retail Research and Analysis Center
Washington, D.C. -- The National Retail Federation announced a multimillion-dollar investment to form a new department within the organization focusing on industry research. The new Retail Research and Analysis Center will bring together all existing research within NRF and expand upon the wide range of issue areas and trends already studied.

The Center will focus on four main areas: the economy, legislative and regulatory policy, the retail industry and consumers.
Bed, Bath & Beyond misses on Q4 profit, sales; will raise wages
Union, N.J. – Bed, Bath & Beyond Inc. missed Wall Street expectations with its fourth quarter 2014 profit and sales results. In addition, the company indicated that it may join Walmart and other retailers in raising wages for employees.

During the fourth quarter, Bed, Bath & Beyond reported net earnings of $321.1 million, down 4% from $333.3 million a year earlier. Higher cost of sales and selling, general and administrative (SG&A) expenses helped drive down earnings.

Survey: Three in four shoppers use mobile in-store

Atlanta - Purchases in brick-and-mortar stores still accounted for more than 94% of all retail sales in the U.S. last year, totaling $4.4 trillion. But according to the new “Reality of Retail” report from retail marketing firm InReality, consumers are shifting their in-store shopping habits.
Home Depot offers omnichannel shopping experience

Atlanta – Spring has been a time for fixing up homes and lawns since anyone can remember, but The Home Depot Inc. is giving a modern twist to the process. The Home Depot is offering a variety of omnichannel shopping features, including an “expanded aisles” feature that bridges in-store products to items available on Homedepot.com.
Potbelly names finance vet as CFO

Chicago - Potbelly Corp. has named Michael Coyne as its new CFO, effective May 1. Coyne will oversee all financial functions and will also be charged with positively impacting Potbelly's analytical, productivity, and risk assessment capabilities.
Coupons.com launches Apple Watch app

Mountain View, Calif. – Coupons.com Inc. is launching a savings and digital promotions app for the Apple Watch. Using the Coupons.com Apple Watch app, shoppers can add nearby digital savings at national retailers and restaurants.
Walgreens to close about 200 stores as part of new $500 million cost-savings plan

Deerfield, Ill. — Walgreens Boots Alliance on Thursday reported quarterly earnings for the first time since the December 2014 merger of Walgreen Co. and Alliance Boots GmbH. The announcement included the news that the drug store retailer will close about 200 U.S. stores as part of its previously announced three-year, $1 billion cost-reduction plan.
Imports rising as West Coast ports recover

Washington, D.C. -- Import cargo volume at the nation’s major retail container ports is expected to rise 8% this month over the same time last year as West Coast ports continue to recover from a backlog of cargo that built up before a tentative new labor agreement was signed, according to the monthly Global Port Tracker report released Wednesday by the National Retail Federation and Hackett Associates.  
Walgreens to close nearly 200 stores in restructuring
It's an omnichannel spring at Home Depot

New for spring at the world's largest home improvement retailer: an integrated shopping experience.
Questions to ask about marketplaces

In announcing its Costco-like membership model, Jet.com (yet to launch as of this writing) has positioned itself as the latest type of online retail marketplace. Considering that online marketplaces really go back to the days of CompuServe, Prodigy and Earthlink (extra points if you know what “dial up” means), I’ve been struck by how much marketplaces have been in the news lately. Think about Alibaba’s jaw-dropping $9.3 billion sales on Singles Day (Nov.
Calendar helps Stein Mart sales in March

An early Easter helped Stein Mart post an impressive 7.9% boost in same store sales for the first quarter.

Stein Mart reported sales of $244.4 million for the nine weeks ending April 4, a 10.6% increase over that period the year before. The sales growth was especially strong in March, according to the release.

The company reported $155.8 million in sales for the five weeks ending April 4, a 14.2% increase over that time the year before. Same store sales were up 11.2% for March.