News

J.C. Penney taps former Home Depot vet to head up stores
J.C. Penney Company appointed Joe McFarland as executive VP of stores, effective immediately, succeeding Tony Bartlett.

McFarland, similar to J.C. Penney CEO Marvin Ellison, is a Home Depot veteran. He worked at the home improvement giant for over 20 years, most recently as president of its Northern and Western Divisions, where he was responsible for the sales and operations of up to 800 stores in 24 states. McFarland began his career at the chain as a sales associate.
2016 Retail IPO Outlook
When providing the BDO retail IPO outlook for 2015 at the beginning of this year, we asked: Will consumer businesses face a potential Alibaba hangover in 2015?

Women’s apparel retailer files motion for sale of assets

Joyce Leslie on Monday announced that it filed a motion on January 14th for court approval to set bid procedures and an auction date for a sale of most of its assets.

The young women’s fashion retailer had previously announced that it had filed a voluntary petition under Chapter 11 on Jan. 9.
Lackluster holiday sales prompt Tiffany to cut outlook, staff

Tiffany & Co. says weak tourist spending and a strong dollar hurt its sales results for the two-month holiday period.

The retailer said worldwide net sales declined 3% (due to declines in the Americas and Asia-Pacific offsetting growth in Japan and Europe) and same store sales declined 5%. There were no noteworthy differences in performance among jewelry categories, the company said. Reported in U.S. dollars, worldwide net sales of $961 million were 6% lower than the prior year.
BevMo launches click and collect

Concord, California-based specialty beverage retailer BevMo is ensuring customers have easy access to products, whether they are in one of its 157 stores or online.
NRF: Holiday sales fall short of forecast

The National Retail Federation confirmed what many retailers already knew and made a downward revision to a holiday forecast that initially called for 3.7% growth.

Citing what it called “unforeseen events,” the National Retail Federation (NRF) said sales during November and December increased 3% to $626 billion, down from an earlier forecast which envisioned growth of 3.7%.
Teen retailer avoids delisting

Aeropostale announced on Friday that the New York Stock Exchange had accepted the company's plan for continued listing, subject to quarterly review.
Tractor Supply looks to unleash pet product sales

The pet products category is hugely important to Tractor Supply and now the nation’s largest operator of farm and ranch stores has devised an innovative approach to drive demand at its nearly 1,500 stores.
Lucky Brand strives for omnichannel fortune

Vertical specialty denim retailer Lucky Brand is bringing together disparate parts of its business onto one platform.

Lucky Brand has implemented NetSuite OneWorld to run a variety of omnichannel business processes across its consumer- and business-facing operations. These include inventory management, procure-to-pay, fixed assets, and multi-currency and multi-tax compliance management.
Study: Who are the five most important retail e-commerce vendors?

In the next few years, retailers around the world are set to substantially increase their investments in e-commerce software, with five vendors spearheading the growth.

According to a new study from Research and Markets, the global retail e-commerce software market will expand at a compound annual growth rate (CAGR) of 12.95% during the period 2014-2019. Research and Markets has identified Magento, Oracle ATG Commerce, PrestaShop, Shopify and WooThemes as the five key retail e-commerce vendors.