News

New York -- In a surprise move, Kate Spade & Company announced it is closing all 19 of its lower-priced Kate Spade Saturday stores and all 12 of its Jack Spade menswear stores. Both brands will remain in the luxury company's portfolio, with Kate Spade Saturday being folded into Kate Spade, and Jack Spade being sold at other retailers and online. The company also announced a new joint venture to speed its growth in China, where it sees a long-term potential for 100 stores.

Austin, Texas – The husband or boyfriend who forgets to buy Valentines flowers until late in the day Feb. 14 now has a safeguard. Whole Foods Market and the Instacart grocery delivery app are offering Valentine’s flowers delivered in as little as one hour across 15 major U.S. metros.

San Jose, Calif. – Consumers appear to have been feeling a seasonal hangover after what some analysts have called a relatively strong 2014 holiday season. According to the monthly Retail Performance Pulse for January 2015 from RetailNext, store sales and traffic both declined 7.7%

Atlanta -- Rent-to-own retailer Aaron’s saw its profit drop 35% in 2014 amid declining traffic and weak sales. The company, which operates some 2,100 stores, was also impacted by hurt by various charges related to restructuring and the acquisition of Progressive Leasing.

Aaron’s reported net earnings of $78.2 million for 2014, compared to $120.7 million in 2013.

Paris – Valentine’s Day has its origins in ancient Roman times, but that doesn’t mean the holiday isn’t keeping pace with modern technology. By analyzing data from 48 million online transactions made via desktop, smartphones and tablets from more than 200 U.S. retailers, advertising company Criteo determined that three out of 10 Valentine’s Day purchases will be made on mobile.

San Diego – Early results of 2015 suggest it will be a happy New Year indeed for PriceSmart Inc. For the month of January 2015, net sales increased 13.3% to $219.2 million from $193.5 million in January a year earlier.

The retailer’s growth to 36 warehouse stores from 32 a year earlier helped boost sales. In addition, same-store warehouse sales grew 1.7%.
 

Memphis, Tenn. -- Fred's Super Dollar reported $138.8 million in sales, up 3%, for the four-week fiscal month of January ended Jan. 31, 2015. Comparable store sales for the month increased 4.3% versus a decrease of 1.8% for the same period last year.

Cincinnati – Post-holiday returns serve as a way to ensure the stress of the holiday season lasts into the New Year. According to a survey of about 1,200 adults by loyalty program provider LoyaltyOne, one out of every two U.S. shoppers (51%) say that returning gifts adds to their post-holiday stress.

Port Washington, N.Y. – Office and school supplies generally do not have any issues with fit or texture, making them an ideal e-commerce item. Data from the NPD Group backs this assertion up.

Retail spending on office and school supplies grew 1% in 2014 (52 weeks ending January 3, 2015) compared to 2013, with e-commerce serving as the push behind the increase. The e-commerce channel crossed the billion-dollar threshold for the first time, reaching $1.1 billion in sales, and was the only channel to experience growth across all categories.

Framingham, Mass. - Staples Inc. is launching a new brand campaign featuring the “Staples Guy,” who showcases how the company helps small business customers succeed. The new campaign, which features radio, digital and social media, builds on the tagline “Make More Happen” to highlight the value, convenience and services that help Staples customers achieve success in surprising and affordable ways. The national campaign begins Sunday, Feb. 8.