News

Bon-Ton to focus on expansion, omnichannel
Bon-Ton plans to refocus the brand, expand omnichannel efforts and open an e-commerce fulfillment center on the heels of a successful fourth quarter.

The company saw an increase in net income in the fourth quarter of fiscal 2014 to $71.7 million, up 17% from net income of $61.3 million in the same quarter of the previous fiscal year.
Kirkland's keeps profit streak alive
The strong sales momentum at Kirkland's during the holidays apparently held through January, as the retailer just reported a big jump in same store sales for the fourth quarter.

The company increased net income during the fourth quarter of fiscal 2014 26% to $15.6 million, from $12.3 million in the year-earlier period. Net sales increased 14.5% to $178.7 million, from $156.1 million. Same-store sales, including e-commerce sales, increased 8.2%.

Lumber Liquidators fighting back

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Cindy Davis to headline IRI Summit

Walmart Executive Vice President of Global Customer Insights and Analytics Cindy Davis has been confirmed as a featured speaker for IRI’s upcoming Summit.
Sprouts sponsors racer to accelerate sales

Sprouts Farmers Market is hoping Nascar fans will be racing to its stores after the Phoenix-based retailer signed on for a major sponsorship.

The 200-unit retailer of fresh, natural and organic foods will be the primary sponsor of Cole Whitt’s number 35 Ford Fusion when the green flag drops at this weekend’s CampingWorld.com 500 at the Phoenix International Raceway. According to Sprouts, the 23-year-old Whitt is an Arizona native committed to living a healthy lifestyle. Sprouts also operates more than 20 stores in and around Phoenix.
Canadian market launches 'scratch-n-dent' produce line

Canada’s leading grocer has developed a novel idea that its supermarket competitors in the U.S. may want to think about using.

Loblaw has introduced Naturally Imperfect-labeled produce. The company describes the new line as the smaller, misshapen produce that still tastes great and is good for you. The produce will now be available at stores in Ontario and Quebec.
Children's Place increases store closures

The Children’s Place Inc. on Thursday accelerated its store closing plans to 200 stores through 2017 (including 76 stores closed in 2013 and 2014), up from its previous announced target of 125 stores through 2016.
Challenges Remain at West Coast Ports Despite Labor Agreement

By Hayden Shipp, IBISWorld

Shippers, carriers, longshoremen, businesses and consumers alike can breathe a sigh of relief in light of the tentative deal the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) reached on Feb. 20.
Survey: Most shoppers look for grocery coupons

Chicago – A majority (82%) of shoppers look for coupons before grocery shopping, according to the Market Track 2015 Shopper Insight Survey. And 61% of grocery shoppers look for both print and digital coupons.

In contrast, only 33% look for print coupons. Other findings include that nearly 80% of shoppers will switch where they shop if prices are lower elsewhere, and 75% will switch the brand they buy if a different brand is on sale.
Brown Shoe’s Q4 profit rises; cautious in outlook

Clayton, Mo. -- Increased sales at its Famous Footwear division and the sale of its shoes.com online site, helped boost Brown Shoe Company’ profit in the fourth quarter.

The retailer reported net earnings of $16.2 million, which included adjustments related to the sale of Shoes.com, compared with $6.2 million in the year-ago period. Adjusted net earnings were $9 million.

Consolidated net sales in the quarter, ended Jan. 31, totaled $615.4 million, up 2.6% from year-ago period. Same-store sales increased 4%.
Sephora drives digital gifting revenue with CashStar

Portland -- Sephora has achieved an eight-times faster growth rate with its digital gifting revenue since deploying a prepaid commerce solution from CashStar. The beauty retailer has also seen a 51% redemption rate within the first month of activation, and a 30% higher initial purchase value compared to plastic gift cards, since implementing CashStar Commerce.
Walmart launches ‘Women Owned’ logo in stores and online

Bentonville, Ark. -- Shoppers interested in purchasing products from women-owned companies will find it easier to do so at Walmart with the introduction of a new logo and related promotional effort. The new initiative launched March 11 will see a unique logo featured on retail packaging of products from women-owned businesses, available both in-store and online.