News

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.
Phillips Edison develops leaders with Innovation Labs program
Salt Lake City - Phillips Edison & Co. is introducing a new program created to empower and prepare emerging leaders for a successful future. Innovation Labs is a professional development series that places associates from various departments on a team and assigns a real-life challenge facing the company.

Stage Stores shrinks loss and revenue in Q1

Houston – Stage Stores Inc. beat Wall Street expectations with a loss but missed with decidedly revenue in the first quarter of fiscal 2015. The retailer reported net loss of $8.64 million, an improvement from a net loss of $18.79 million the same quarter a year earlier.
Stage Stores shrinks loss, revenue

Record Mother's Day sales couldn't lift profit at Stage Stores Inc., which narrowed its loss but reported disappointing same store sales in the first quarter.
Etsy releases first earnings report, net loss grows

Brooklyn, N.Y. – Etsy Inc., the online marketplace for handmade goods, has released its first-ever earnings report, which shows growth in both net loss and revenue. Net loss increased substantially to $36.6 million in the first quarter of fiscal 2015 from $500,000 the same quarter the prior year.
Home Depot builds strong performance in Q1

Atlanta – The Home Depot Inc. benefited from improvements in the housing market and the weather in the first quarter of fiscal 2015. Net earnings increased to $1.58 billion, up 14% from $1.38 billion in the first quarter a year ago.

The Home Depot reported sales of $20.9 billion for the first quarter of fiscal 2015, a 6.1% increase from the first quarter of fiscal 2014.
Walmart’s store experience efforts ding profits

Lower gas prices led to improved traffic and a 1.1% same store sales increase at Walmart’s U.S. stores division, but total company performance suffered under the weight of a $3.3 billion foreign exchange impact and expense pressures which caused profits to decline 7%.
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.
Instacart now delivering groceries in Miami

Online grocery delivery service Instacart has had to add boats to its fleet of vehicles now that the growing company has decided to launch in Miami.

Customers in Miami can now order from Whole Foods Market, Costco, Winn-Dixie, BJ'S Wholesale Club and Petco stores and have everything delivered by Instacart in as little as one hour. Instacart customers do not need a Costco or BJ's membership to shop from those stores.