News

With its same store sales ever on the decline, Kmart is making it even easier for shoppers to afford gifts this holiday season by introducing a new kind of layaway plan.

The retailer announced that No Money Down Layaway is returning for its second year, and for the first time ever, Kmart is introducing No Money Down Leasing. 

The National Retail Federation found that more than 40% of Americans begin shopping for the holidays prior to October and of those, 60% shop early in order to spread their budgets.

Lynnwood, Wash. -- It was tough going for Zumiez Inc. in the second quarter as its profit fell 57% amid increased promotional activity.

The skate and surf apparel retailer reported net income of $3.2 million in the quarter, compared to net income of $7.5 million in the year-ago period. The results included include costs of approximately $0.4 million, for charges associated with the acquisition of Blue Tomato.

Total net sales for the quarter increased 1.8% to $179.8 million, from $176.7 million a year ago.

Kroger on Thursday announced the appointment of four EVPs to lead key lines of business.  

Ollie’s Bargain Outlet delivered strong sales growth in its first quarter as a public company and expects the second half of the year will see more of the same from its rapidly expanding store based and extreme value positioning.

Washington, D.C. – Retail imports appear to be climbing as the holidays approach.

Staples Inc. has been a place to get printing done since it opened in the 1980s, but now the retailer is taking printing to a whole new level.
 

Austin, Texas – Whole Foods Market and Instacart have officially been partnering for online grocery deliveries for one year, and have moved an impressive amount of merchandise in that time.

Markdowns and the costs of expansion hurt Lululemon profits in the second quarter, but the athleisure retailer did post an impressive jump in same store sales.