News

Marble Slab, MaggieMoo’s run omnichannel New Year promo
Atlanta – New Year’s resolutions are notoriously hard to keep, and Marble Slab Creamery and MaggieMoo's Ice Cream & Treatery are attempting to make the task even harder for their customers. On Jan. 17, the traditional day consumers give up their resolutions, the chains are offering an omnichannel "Ditch Your New Year's Resolution" promotion.

Customers can visit the Facebook page of either retailer to claim an offer, as well as visit a store to receive a buy-one-get-one-free promotion.
Wet Seal to close 338 stores, cut 3,695 jobs
Things are not looking up at Wet Seal, which has announced that it will close 338 stores, or about 66% of its total portfolio, “on or about” Jan. 7, resulting in the termination of some 3,695 full- and part-time employees.

The struggling teen apparel retailer said the decision to close the stores was based on its overall financial condition and an inability to negotiate meaningful concessions from its landlords.

The company said the 338 stores represented approximately 48% of its sales for the nine months ending on November 1, 2014.

APT: Holiday in-store sales rise 0.7%

Washington, D.C. – The holidays were at least moderately happy for in-store retailers. According to the Applied Predictive Technologies (APT) Index, in-store sales for the 2014 holiday shopping season were up 0.7% although sales decreased on Black Friday and Super Saturday weekends.

The number of transactions: actually declined 0.4%, but this was more than offset by a 1.1% increase in average purchase amount. Black Friday weekend retail sales were down -3.5%, while Super Saturday weekend retail sales were down -1.7%.
Staples offers ‘ambient alerts’ on Staples Connect

Framingham, Mass. – Staples is offering ambient alerts for its home and office automation platform Staples Connect. The alerts provide audio and visual notifications outside of the Staples Connect app and through compatible devices in the home or office.
Brooks Brothers arranges $250 million TD Bank credit facility

New York – Brooks Brothers Group Inc. has selected the Asset Based Lending (ABL) Group of TD Bank as the joint lead arranger in a $250 million credit facility. The amount of TD’s commitment and terms of the financing were not disclosed.
Ex-Walmart de Mexico CEO to head Grupo Lala

It didn't take long for former Walmart de Mexico executive Scot Rank to land a new job.

Mexican dairy company Grupo Lala has appointed Rank, the former chief executive officer of Walmart de Mexico, as its new chief executive to replace retiring top boss Arquimedes Celis, the company said.

Celis, who served as CEO for 14 years, will retire on June 30 but continue as a board member at the company, one of Latin America's largest dairy producers.
Report: C. Wonder closing all stores

New York -- The specialty apparel and home goods chain C. Wonder is shuttering its remaining stores, according to Buzzfeed. The company, founded in 2011 by Christopher Burch, ex-husband of Tory Burch, quietly closed a number of its 32 stores in November. It is now closing its remaining locations, 11 in total, the report said.
Staples hopes to cash in on ‘smart home’ trend

Staples is taking the next step in creating the largest curated ecosystem of “smart home” devices.

The company has announced that its home automation system, called Staples Connect, will now offer ambient alerts for the home and office. The alerts provide audio and visual notifications outside of the Staples Connect app and through compatible devices in the home or office.
What smart shoppers are wearing in 2015

While retailers are sorting how to capitalize on wearable technology, Intel is betting that that smart glass manufacturer Vuzix will play a role.

Vuzix began selling its flagship M100 Smart Glasses on Amazon prior to the holiday and more recently Intel invested $24.8 million in the company. The investment gives Intel 48,626 shares of Vuzix’ preferred stock and the opportunity to convert those shares into common stock that would give Intel a 30 percent ownership stake in the company.
Holidays not so merry for HHgregg

E-commerce sales at HHgregg surged during what was an otherwise unhappy holiday season that saw sales fall 6 percent and the company's share price tumble after it withdrew a 2015 profit forecast.

For the third quarter, the company estimated net sales of $666 million, a decrease of approximately 6% as compared to the prior year quarter. Same store sales for the third quarter decreased approximately 6%, with the appliance category relatively flat. However, the company estimated that its e-commerce sales were up approximately 59% for the third quarter.