News

Target selling office furnishings unit
Minneapolis -- Target Corp. is selling its Target Commercial Interiors (TCI) subsidiary, which provides office furnishings and related services for business and commercial clients, to Minneapolis-based Omni Workspace Company, commonly known as A&M Business Interior Services. A&M will operate TCI, which will be renamed on the completion of the acquisition, as a wholly owned subsidiary.
Five Below to open 3 new stores in Kansas City
Five Below is accelerating its expansion plans with the opening of three new stores in Kansas City this week.

"Entering the Kansas City metro area and opening our first store in Kansas, our 24th state, is very exciting as we continue to grow our footprint across the country," said Joel Anderson, CEO of Five Below. "We're thrilled to develop new relationships with customers in this dynamic market. Kids and parents looking for a fun place to shop for trend-right, high quality products at a great value will surely enjoy Five Below."

Survey: Millennials, men receptive to mobile payment

Allentown, Pa. – Mobile payment is growing, and Millennials and men may be leading the way. According to a recent survey of 1,000 U.S. adults by Harbortouch examining the current state of mobile payment adoption shows that Millennials were the highest percentage of mobile payment users, with nearly 42% falling into that demographic.

In addition, men are twice as likely to use some form of mobile payment compared to women. Of those surveyed who aren't currently using mobile payments, 20% blame payment-related issues.
Dillard's posts drop in same store sales

Dillard’s joined Macy’s, Kohl’s and JCPenney in reporting lackluster results as a result of weak sales in the first quarter.

For the first quarter ended May 2, Dillard’s reported of $109.6 million, or $2.66 a share, compared with $111.7 million, or $2.56 a share, in the prior year quarter. Same-store sales declined 1%.
Canadian Tire pumps up Q1 profit

Toronto – Canadian Tire Corp. pumped up profit in the first quarter of fiscal 2015, expanding net income 17% to $88.3 million from $75.6 million a year earlier. Improved margins helped inflate net income totals.

Falling petroleum costs helped deflate revenue 2% to $2.51 billion from $2.57 billion, although consolidated same-store sales rose 5.5%. Same-store sales grew at all core retailer banners, including lifts of 4.7% at Canadian Tire, 8.6% at FGL Sports and 5.5% at Mark’s.
Share a selfie to support a cause at Macy's

For the third year in a row, Macy’s is asking shoppers to donate to America’s veterans – but this time there’s a selfie involved.

Macy’s is teaming up with Got Your 6 on a new charitable program, which kicks off with an innovative social media campaign, #AmericanSelfie, a “Got Your 6 Saturday” savings pass, and a commercial spot with Emmy Award-winning host and producer, Ryan Seacrest.
Starbucks ‘Express,’ New York City

Starbucks has unveiled its new “express” store format, just across from the New York Stock Exchange in downtown Manhattan. The 538-sq.-ft. space is one of the most streamlined in the company’s diverse portfolio.
Office Depot wants shoppers to 'gear up' for holiday

Office Depot is trying to get shoppers to think about computers instead of barbecue grills with a Memorial Day promotion.

The retailer has announced two weeks of Memorial Day sales beginning on May 17 while also offering clearance deals of up to 65% off the regular price on tech, supplies and more and furniture discounts up to 40% off the regular price that are sure to please every retail store shopper.

The hottest items in the “Gear Up for Great” sale will include:
Walmart to debut Amazon Prime-like service

Walmart is reportedly testing an unlimited shipping service that could undercut Amazon Prime.
Denny’s cooks up supply chain optimization

Spartanburg, S.C. - Denny's Corp. is cooking up something good on the back end. The casual dining chain has chosen Havi Global Solutions LLC (HGS) as its lead supplier of supply chain and packaging solutions.