News

Kohl’s rolled out two omnichannel campaigns in January underscoring the company’s stated focus on giving back to the community.

The company says it will award $400,000 in scholarships and prizes to more than 2,500 students who have made a positive impact on their communities. Nominations for kids ages 6 to 18 will be accepted until March 13 at kohlskids.com and in stores.

Hundreds of retail industry power players and leaders helped the National Retail Federation raise $1.2 million for student scholarships at a gala in New York City.

San Francisco -- Incoming Gap Inc. CEO Art Peck is wasting no time reshaping the apparel giant. In its latest management shakeup, the retailer named company veteran Scott Key to the new position of senior VP and general manager of customer experience for its namesake brand. It also announced that Rebekka Bay, creative director for the Gap brand, was departing the company, effective immediately.

The latest changes come on the heels of Gap’s announcement last week that it was shutting down its Piperlime brand.

WASHINGTON, D.C.  — The Joint Industry Coupon Committee on Thursday urged retailers to prepare for the retirement of UPC Prefix 5 barcodes from manufacturer coupons. These symbols will no longer be used after June 30, 2015, as manufacturers shift to exclusive use of the GS1 DataBar format for coupons.   

CSA Editor Marianne Wilson interviews Junction Solutions' Industry Principal, Retail, Brion Reusche, at NRF's Big Show 2015.

Indianapolis – Hhgregg Inc. had a difficult third quarter of fiscal 2015, swinging to a loss from a profit the prior year period and missing Wall Street expectations for both profit and revenue. The retailer posted a net loss of $86.9 million compared to net income of $5.05 million, which was a wider loss than projected by analysts.

Hangzhou, China – Although Alibaba Holding Group Inc. reported a healthy sales increase for the third quarter of fiscal 2015, it became a victim of its own expectations as it still missed on revenue projections and also reported declining profits. Net income totaled $964 million, a 28% drop from $1.36 billion in the same quarter a year earlier.

Cary, N.C. – The Pantry Inc. is heading into its pending merger with Alimentation Couche-Tard Inc. in a profitable state. During the first quarter of fiscal 2015, The Pantry reported net income of $18.9 million, compared to a net loss of $5.1 million in the same quarter a year earlier.

Clearwater, Fla. – Cost of sales did not grow in pace with revenue growth during the first quarter of fiscal 2015 at MarineMax Inc., resulting in a higher gross profit that helped produce net income of $214,000. This compares to net loss of $3.36 million the same period a year earlier.

Brentwood, Tenn. – Tractor Supply Company Inc. announced strong results for the fourth quarter of fiscal 2014, including a 17% year increase in net income. The retailer also said it will open 110 to 115 stores and build a new Southwest distribution center, in Casa Grande, Arizona, in fiscal 2015.

Tractor Supply’s net income rose to $112.1 million in the fourth, up from $95.9 million in the year ago period, fueled by the leveraging of store operating costs and reduced year-over-year incentive compensation expense.