News

Build-A-Bear adds toy, social media expertise to board
Build-A-Bear is adding two new board members whose backgrounds should serve the company well as it moves forward with its transformation plan.

Build-A-Bear announced that Tim Kilpin and Sarah Personette have been appointed to the company’s board of directors.

Kilpin, 55, will serve as a member of the Audit Committee and as a member of the Compensation and Development Committee. Personette, 36, will serve as a member of the Compensation and Development Committee and as a member of the Nominating and Corporate Governance Committee.
Consumer confidence slips in February

Consumer confidence fell into a slump in February, driven largely by a less optimistic view of business conditions.

According to the Conference Board, the index currently stands at 92.2, down from 97.8 in January.

Record results for Ace Hardware

Ace CEO John Venhuizen

Even with one less week in the calendar year, Ace Hardware Corp. ran up its wholesale sales to a record $5.0 billion. Along the way, the Oak Brook, Illinois-based co-op delivered a pre-tax return on equity of 33%.

“I'm honored to report the third consecutive year of record financial performance for the company," said John Venhuizen, president and CEO.
What’s part of a bowling alley doing in Whole Foods?

Whole Foods Market’s knack for recycling and showcasing local memorabilia is reflected in its just-opened store in Wauwatosa, Wisconsin.

The 47,500-sq.-ft supermarket features a reclaimed bowling alley wood cladding at the juice bar. (Milwaukee is home to the oldest certified bowling alley in the United States.) A firefly motif is incorporated throughout the space, which was constructed by Chicago-based Novak Construction. (Wauwatosa is named after the Native-American Potawatomi tribe’s word for firefly.)
Target is winning back shoppers, especially online

Brian Cornell says Target's fifth consecutive quarter of traffic growth is evidence that the retailer is making good progress on itsomnichannel capacity improvements.

For the fourth quarter ended Jan. 30, same-store sales at Target increased 1.9%, driven by traffic growth of 1.3%. This is Target's sixth consecutive quarter of rising same store sales.
Store design competition finalists revealed

The Retail Design Institute has revealed the finalists for its 45th Annual International Store Design Awards Program.

All the awards, including the highly anticipated Store of the Year Award, will be revealed, and bestowed on the honorees, at the Institute’s annual Awards Gala on March 12, 2016, at the Hilton Anatole, Dallas. For more information and to buy tickets, click here.

Here are the finalists (in alphabetical order):
What retailer has the best online customer experience?

When it comes to providing a positive environment for online shoppers, one retailer stands above the rest.

In conjunction with its 18th Annual Mystery Shopping Study conducted in the fourth quarter of 2015, the e-tailing group has released its ninth annual Customer Experience Index. Nordstrom.com received a top score of 86.75. Websites are scored on a 100-point scale based on an assessment of metrics from five key pages, presence and execution of vital merchandising tactics, and exemplary customer service.
Macy's expanding beauty, discount chains

Macy’s says cold weather in January helped the retailer report a better than expected decrease in same store sales for the fourth quarter even as the company explores an expansion of its off-price and beauty formats.

For the period ended Jan. 30, same store sales fell 4.3%, slightly less than the 4.7% fall it had estimated. Total sales declined to $8.87 billion.
Macy’s closes books on ‘challenging’ 2015; will expand beauty, off-price chains

Cold weather in January helped Macy’s report a decline in same-store sales for the fourth quarter that was less than analysts had expected. In other news, the chain announced plans to expand its off-price and specialty beauty formats.

For the period ended Jan. 30, Macy's net income fell 31% to $543 million, dragged down by store closings and other costs.

Adjusted profits were $2.09 per share, better than the $1.86 per share estimate from analysts, according to Zacks Investment Research,
Another record quarter for Home Depot

Atlanta-based The Home Depot reported record fourth-quarter and fiscal year results, as it emphasized "the interconnected customer experience" and rode a recovering U.S. housing market.

The company's fourth-quarter sales were a record $21.0 billion, up 9.5% from the same quarter last year. Net earnings for the three months were $1.5 billion, compared with $1.4 billion a year ago.

Comp-store sales for the fourth quarter were up 7.1%, and up 8.9% for U.S. stores.