News

Tile Shop tops Q3 estimates
The surge in home improvement projects is helping fuel sales at The Tile Shop. Tile Shop Holdings Inc. on Tuesday reported third-quarter profit of $4.6 million for the third quarter, ended Sept. 30. Earnings, adjusted for non-recurring costs, came to 10 cents per share. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
Report: Millennials drive earliest, most digital shopping season ever
As the holiday shopping season “unofficially” gets underway, millennials are expected to lead the charge. This early movement is also putting the season on pace to have the highest e-commerce sales revenue yet, according to the “2016 Holiday Initiative Summary Report,” from Criteo. The study reveals consumer holiday shopping behaviors, the role and impact of digital advertising, and e-commerce trends that retailers are urged to leverage in the upcoming months.

Inland acquires 24 CVS properties

Inland’s ad tagline says the company’s “always buying.” One of the nation’s leading drugstore chains just found out how true that is. Inland Real Estate Acquisitions announced that it has acquired 24 CVS pharmacy properties for $116 million. The stores are located in 14 states and add up to 276,466 sq. ft. of retail space.
Web Accessibility: Why it Matters to all Retailers

More than 200 million Americans will shop online this year. Statistically, nearly 10 million of those shoppers will be visually impaired, more than 10 million will have a hearing impairment and more than four million of those will have severe limitations to their dexterity. For these shoppers, many goods and services offered online might be out of their reach.
Shake Shack tests mobile ordering

Fast-casual eatery throws its hat into the mobile app arena. Eager to take advantage of mobility, Shake Shack introduced a mobile app that includes an ordering platform. Designed on Apple’s iOS platform, the Shack App invites guests to place orders through their smart phone, and pick up meals at its “Midtown East Shack” in New York City. This single location test will be ongoing.
Tech Bytes: Three Tips to Help Women Succeed in Technology

Political feelings aside, the fact remains: When Hillary Rodham Clinton was nominated as our nation’s first official female presidential candidate, history was made. It sets a tone for all going forward — women can achieve anything they have the determination to pursue, regardless of the industry.
Macy’s stays committed to Thanksgiving Day shopping

Macy’s is not joining the ranks of retailers and mall operators who plan to close their doors on Turkey Day. That’s according to BestBlackFriday.com, which tracks retailers' holiday hours and promotions. The research company said it received confirmation from five U.S. shopping centers that their Macy's locations would open at 5 p.m. Thursday.
Off-price retailer continues loyalty partnership

As the loyalty landscape heats up, TJX Companies is renewing its existing program to remain competitive. The off-price retailer announced a multi-year renewal of its partnership with Synchrony, a move that will continue to support financing for its five-year-old Rewards Credit Card program.
Investor seeks shakeup at Pier I

New York investment management firm Alden Global Capital is not happy with the board — or the CEO — of Pier I Imports. Alden, the retailer’s largest active institutional investor, is demanding a shakeup of the Pier 1 board, reported the Dallas Business Journal.
eBay boosts furniture shopping

eBay’s newest furniture destination looks like a page right out of Architectural Digest.