News

Oops! This grocer bit off more than it could chew
New York -- Almost as quickly as tiny northwest grocer Haggen became a regional player by acquiring 146 former Safeway and Albertsons stores the company is retrenching and has plans to close a large number of stores.
Report: Shoppers score big on Bloomingdale’s error
New York – At least a few shoppers reportedly received a substantial windfall as a result of a computer glitch at Bloomingdale’s. According to BuzzFeed, some members of the upscale chain’s loyalty program were accidentally issued as much as $25,000 in store credit last week, and at least one customer used the unintentionally generous offer to obtain free diamond earrings.

Dick’s Sporting Goods runs past Street with profit, trips up on sales; plans 53 stores

Pittsburgh – Dick’s Sporting Goods Inc. beat Wall Street expectations for profit but failed to meet the Street with sales growth in the second quarter of fiscal 2015. The retailer also announced it plans to open 44 new Dick’s Sporting Goods stores and nine new Field & Stream stores, as well as relocate five Dick’s Sporting Goods stores and one Golf Galaxy store, during fiscal 2015.
TJX still attracting cost-conscious shoppers

Consumers may be shying away from department stores but they are still flocking to off-price retailers such as TJX, which posted impressive sales and revenue growth in the second quarter.
Ground-up mixed-use Class A development planned for Bedford, N.H.

Dallas – Encore Retail, LLC, a subsidiary of Encore Enterprises, Inc., has acquired land to develop a 16+ acre high-density Class A mixed-use development in the affluent Town of Bedford, New Hampshire. The development is planned to be over 200,000 sq. ft. and will consist of fashion, recreation, fitness, dining and office space located in New Hampshire's retail and business hub.

The property is positioned along South River Road at the intersection of Route 101 and Everett Turnpike
Lowes Foods feeds omnichannel consumer appetite

Winston-Salem, N.C. - Lowes Foods, a Carolinas-based grocer with locations in North Carolina, South Carolina and Virginia, is feeding consumer appetite for omnichannel experiences. Lowes is working with omnichannel commerce solutions provider Unata to deliver enhanced omnichannel services at its 60 Lowes Foods-To-Go stores.
Multimedia: Nike, Seattle; Strack and Van Til, Munster, Indiana

Nike has made over its Seattle flagship with a more contemporary look and technology that help customers select running shoes that are the perfect match for their feet and gait.

A complete revamp has put a new focus on freshness and customer engagement at Strack & Van Til.

Click here to see slideshows of Nike's Seattle location and Strack and Van Til, in Munster, Indiana.
Ex-Kohl's CIO joins Hudson's Bay

Despite efforts by her previous employer to block the transition, former Kohl’s CIO Janet Schalk is joining Hudson’s Bay Co. in the same capacity.
Report: Target, Visa reach breach settlement

Minneapolis – Target Corp. has reportedly reached a settlement with Visa Inc. that will reimburse issuers of Visa cards for costs related to the retailer’s 2013 data breach. According to the Wall Street Journal, the agreement will reimburse thousands of card issuers for potentially up to $67 million.
Target reaches deal with Visa over data breach

Target has reached an agreement with Visa card issuers to reimburse costs related to a data breach at the retailer in 2013.

According to The Wall Street Journal, agreement, which could entail as much as $67 million in reimbursement costs, comes three months after a proposed $19 million settlement between Target and Mastercard fell through.

Read more about the deal by clicking here.