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  • Delhaize emphasizes private-brand implementation

    SALISBURY, N.C. — Delhaize America is emphasizing its private-brand assortments, the supermarket conglomerate reported in its earnings release.

    Delhaize said it forged ahead with its New Game Plan, which includes "important price investments," and noted that its U.S. operating companies — which include such banners as Food Lion, Bottom Dollar and Hannaford — are reinforcing their private-brand assortments through the introduction of a new value line called My Essentials.

  • Online sales tax bill approved by Arkansas Senate

    New York City -- The Arkansas Senate voted Thursday to require many out-of-state online retailers to collect sales taxes the same way in-state stores do, a move that is pitting Wal-Mart Stores against online stores and anti-tax activists, the Associated Press reported.

  • Kirkland’s Q4 profit falls

    Nashville, Tenn. — Kirkland's Inc. said Thursday that its fourth-quarter profit fell about 35% as its sales softened.

    The company reported net income of $14.4 million for the 13 weeks that ended Jan. 29, compared with $22.1 million a year earlier.

    The results included an $800,000 income tax benefit related to prior years' taxes.

    Quarterly net sales fell to $139.6 million, from $142.8 million in the prior-year period. Same-store sales were down 7.95%.

  • Consumer Sentiment Index falls more than estimated to 68.2

    Ann Arbor, Mich. -- A report released Friday by Thomson Reuters/University of Michigan showed that confidence among U.S. consumers fell more than forecast in March, precipitated by a surge in fuel prices.

    The Thomson Reuters/University of Michigan Consumer Sentiment Index fell to 68.2, the lowest in five months, from 77.5 in February. The gauge was projected to decline to 76.3, according to a Bloomberg News survey. The index of expectations plunged to the lowest level since March 2009.
     

  • Small format countdown begins

    The retail industry is abuzz these days with talk of small format stores; whether it is Best Buy Mobile, CityTarget or now Walmart Express. Bill Simon, president and CEO of Walmart U.S., added more fuel to the fire this week with comments about several 15,000-sq.-ft. test stores that would open during the second quarter in rural and urban locations. Simon also introduced the prospect of rapid organic growth and potential acquisitions even though the first stores have yet to open.

  • Retail real estate decision-making comes out of the silo

    By Dean A. Stoecker, CEO, Alteryx, LLC

  • Family Dollar to eliminate 100 plus jobs

    Matthews, N.C. -- Family Dollar will cut more than 100 jobs as part of a companywide restructuring. The cuts will occur in all divisions of the company, the Charlotte Business Journal reported. 

    In a memo to employees, the company said the cuts will allow Family Dollar to make decisions more quickly and move faster to achieve its goals, according to the report.

    The retailer is slated to open 300 stores in fiscal 2011, which began in September. It will renovate as many as 800 stores.

  • Aeropostale Q4 profit slips 13%, 50 new stores on tap in 2011

    New York City -- Aeropostale's fourth-quarter profit slid 13% amid weaker gross margins and falling same-store sales. For the quarter ended Jan. 29, the chain posted a profit of $83.8 million, down from $96.6 million a year earlier.

    Revenue increased 5% to $839.3 million, from $801.2 million in the year-ago period. Same-store sales decreased 3%.

    For the full year, net sales increased 8% to $2.4 billion, from $2.23 billion a year earlier. Same-store sales inched up 1%.

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