News

A&F exec named Big Lots general counsel
A legal veteran of Abercrombie & Fitch and Harvard Law grad has been named general counsel for Big Lots.

Ronald "Rocky" Robins Jr. becomes SVP general counsel and corporate secretary at Big Lots. Robins will be a member of the executive leadership team of the company and report directly to David Campisi, CEO and president.
Target Q1 profit surges 52% as turnaround efforts take hold
MINNEAPOLIS —Target Corp. on Wednesday reported a larger-than-expected increase in first-quarter profit amid signs that its efforts to refocus and revamp its product lineup are taking hold. Target executives said they are “pleased” with its first quarter, particularly the performance of its signature categories, as the retailer also posted a lift in sales and double-digit gains in its digital channel.

Lowe’s Q1 profit, sales up but miss Street

Mooresville, N.C. -- Lowe's Companies reported an increase in profit and sales in the first quarter but its performance in both metrics fell short of Wall Street estimates. The home furnishings retailer reported its results a day after rival Home Depot reported earnings and revenue that topped estimates.

Lowe’s net income increased 7.8% to $673 million in the quarter ended May 1, from $624 million a year earlier.

Net sales rose 5.4% to $14.13 billion. Total same-store sales were up 5.2%.
Domino’s Pizza now taking orders via tweet — with pizza emoji

Ann Arbor, Mich. -- Domino's Pizza is debuting a new ordering option that combines two new-to-the-world innovations — ordering via tweet and ordering via emoji, specifically the pizza emoji. The ordering platforms launched on Wednesday throughout the United States.

Domino's is the first brand to use an emoji on Twitter to place and complete an order.
'&' marks the spot for Smart & Final campaign

Smart & Final is launching a new marketing blitz that puts its use of punctuation front and center.

The rollout will include print, radio, television and outdoor advertising in select markets and digital outreach now through July 3. The new campaign aims to tell the story of what the value-oriented food and staples retailer has become through its growth initiatives and will highlight the company's heritage.
Ace Hardware is still surging

A month after being named America's favorite home improvement store, Ace Hardware reported record profit in the first quarter of 2015.
Etsy blames Q1 loss on restructuring

Expenses related to a corporate restructuring led Etsy Inc. to report a huge loss in the first quarter.
Sports Authority partners with Simplr for online warranty

Englewood, Colo. – Sports Authority Inc. is partnering with online protection plan provider Simplr to let customers protect new purchases. The product enables customers who purchase a protection plan to repair or replace a covered piece of sports equipment – such as treadmills, bikes, or golf clubs.

There are no deductibles, repair costs, or hidden fees. Shoppers file a claim online. The three step claims process is straightforward and can be completed online any time, day or night:

1. Register the product online,
NRF: Overtime expansion would have negative results

Washington, D.C. - The Obama Administration’s plan to revise federal overtime regulations would likely “hollow out” low- and mid-level management positions in the restaurant and retail industries and result in a shift toward more hourly and part-time workers, according to a new National Retail Federation (NRF) report. The report, "Rethinking Overtime," found that the proposal could cost retailers millions of dollars in added costs and would disproportionally impact retailers operating in rural states.
The Limited launches store pickup

The Limited is finally following the lead of a slew of other retailers that have rolled out buy online, pick up in store services for customers.