News

Kohl’s misses earnings estimates
Kohl’s is heading into the holidays with a loss of momentum after third quarter same store sales declined 1.8% and the company missed analysts’ earnings estimate by four cents.

The third quarter comp decrease of 1.8% was on top of a prior year decline of 1.6%. Total sales at the operator of 1,163 stores declined slightly to $4.37 billion from $4.44 billion. Net income declined to $142 million, or 70 cents a share, from $177 million, or 81 cents a share.
Grommet to go brick-and-mortar for holidays
The Grommet is partnering with a store in Boston to launch a “pop-in” shop on Nov. 20 as part of an effort to bridge the gap between e-commerce and brick-and-mortar stores.

With so many consumers on the hunt for unique holiday gifts, the Grommet said it wants shoppers to be able to touch, test and purchase the company’s offerings. The “pop-in” Grommet shop will be located within Boston boutique Michelle Willey and be open from Nov. 20 through the end of December.

Domino’s launches smartwatch Tracker app

Ann Arbor, Mich. –- Domino’s Pizza is launching its Tracker app, which allows customers to trace their order from the time it is taken, baked and out for delivery, will now be available on the Pebble smartwatch device. This marks the first time that Domino's Tracker has been available on any smartwatch device.
UGG debuts high-tech concept store in Washington, D.C. area

Goleta, Calif. -- UGG parent company Deckers Brands announced the grand opening of its first-ever UGG Australia technology-driven concept store, located in the Washington, D.C. metropolitan area.
JCP turnaround in holiday homestretch

J.C. Penney is in the final phase of its turnaround and the company’s stores are customers’ preferred destination for great style, quality and value, according to company CEO Mike Ullman.

Those comments came after J.C. Penney said its third quarter same store sales were flat and it forecast a fourth quarter comp increase of 2% to 4%. Total sales in the quarter ended Nov. 1 declined slightly to $2.76 billion from $2.78 billion.
Wal-Mart reports rare sales boost, anticipates highly promotional holiday season

Bentonville, Ark. -- A rare sales bump may provide the world’s largest retailer just the momentum it needs going into the important holiday season, say Wall Street analysts, as Wal-Mart reported that 3Q same-store sales rose at U.S. namesake stores for the first time in nearly two years.

However, Wal-Mart tempered the news with warnings that a highly promotional environment lies ahead.
Direct Buy launches member care service

Merrillville, Ind. -- DirectBuy, the membership-based buying organization that enables consumers to purchase directly from manufacturers and suppliers, has implemented a new Member Care Advocacy Team. Typical member resolutions include processing membership renewals, updating contact information, resetting passwords, and resolving members’ questions pertaining to orders or membership.
Survey: Consumers seek Black Friday deals

When asked which Cyber Monday offers they will take advantage of, 70% of consumers said deals. In addition, a new survey from FatWallet.com shows that 42% said coupons, 31% said cash back, 51% said storewide discounts and 68% said free shipping.
11 Main debuts mobile app

San Mateo, Calif. -– 11 Main Inc., the U.S. online shopping platform operated by Chinese e-commerce giant Alibaba Group Holding Inc., has launched a mobile app optimized for iPhone, iPod Touch and Android, with an iPad version coming later in the year. The mobile applications are optimized for each platform and offer 11 Main’s online shopping experience.
Sears encouraging customers to shop its way

Sears is offering early access to Black Friday deals as a means to entice customers to join its free Shop Your Way membership-based loyalty program.

The retailer said its Shop Your Way members can begin Black Friday a week early at Sears.com when exclusive pricing on key items becomes available at 6 p.m. on Nov. 20. Then on Thanksgiving Day, Sears stores will open at 6 p.m. with more than 1,000 doorbuster deals continuing through 1 p.m. on Black Friday.