Data & Analytics

Nashville, Tenn. – Genesco Inc. reported net earnings of $13.97 million in the first quarter of fiscal 2015, down 3% from $14.41 million in the same quarter of the prior fiscal year. A jump in selling and administrative expenses drove the net earnings decline.

Meanwhile, net sales rose 6% to $629 million, from $591 million. Same-store sales grew 1%. Genesco expects a low-single-digit same-store sales increase for the full fiscal year.

Fairfield, Conn. - GE Lighting and ByteLight are introducing LED lighting fixtures that communicate with shoppers’ smart devices while in-store, enabling retailers to provide location-based services using GE LED infrastructure. ByteLight’s indoor location technology embedded inside GE LED fixtures will provide the ability to understand the precise location of shoppers using an opt-in application powered by ByteLight on their smartphones and tablets.

Chicago - GimmeAnother, creators of a mobile application that allows consumers to re-order, has unveiled its Save to Mobile technology, a service that allows retailers to offer customers the ability to save products directly onto their mobile devices. Customers browsing a retailer website that has partnered with GimmeAnother can now click the Save to Mobile button next to an item to push that product to their personalized mobile cart on the GimmeAnother app for later re-ordering via smartphone.

Washington, D.C. – U.S. consumer spending fell by $8.1 billion, or 0.1%, in April 2014. It was the first monthly decline in consumer spending since April 2013 and followed a 1% increase of $117.6 billion the previous month.

Thought-provoking presentations and forward-looking exchanges dominated the annual gathering of the Global Retail Marketing Association’s (GMRA) Executive Leadership Forum at the Don Cesar resort on St. Petersburg Beach, Fla.
 

First-quarter sales at Guess fell in North America and Europe. Despite a net loss of $2.1 million, compared with net earnings of $9.9 million in the year-ago period, the company touted strong momentum in its e-commerce business, adding that it remains a key initiative as consumer demand continues shifting to that channel.

Express plans to close approximately 50 stores during the next 36 months, primarily at the end of their leases, following a weaker-than-expected first quarter.

The company’s profit dropped to $5.08 million, from $32.4 million a year earlier. Sales decreased to $460.7 million, from $509.4 million, while Same-store sales fell 11%.

Exiting Canada may have taken a bite out of Big Lots’ profits in the first quarter, but the company still saw net and comparable-store sales increase.

Net sales for the quarter increased 1.1% to $1.28 billion, compared to net sales from continuing U.S. operations of $1.26 billion for the same period last year. Comparable-store sales for stores open at least 15 months increased 0.9% for the quarter.

Genesco’s first-quarter results may have been tepid, but the company highlighted its second quarter, which is off to a solid start with a comparable sales increase of 3% through May 24, and expressed confidence that it can build on the current momentum.

The company reported net earnings of $13.97 million in the first quarter of fiscal 2015, down 3% from $14.41 million in the same quarter last year. An increase in selling and administrative expenses drove the net earnings decline.

Barneys New York has re-launched a search function for Barneys.com, developed in collaboration with Rich Relevance, as part of its efforts to offer shoppers a customized digital shopping experience.

The upgraded function leverages site-wide customer behavior and merchant intelligence to create a personalized search experience that goes beyond collaborative filtering.