News

WOONSOCKET, R.I. — The year appears to be off to a good start and CVS Caremark executives were optimistic Wednesday morning as the company pulled in a “strong” first quarter and narrowed its 2013 guidance to reflect higher-than-expected performance.

In the 18 months since I joined the National Retail Federation, I’ve been struck repeatedly by how rapidly our industry continues to evolve. As we all know, retail has always changed and adapted — and in just the past 20 years we’ve advanced from then-radical game changer Amazon.com to more recent models like Hointer, which boasts what amounts to online shopping in a store. 

Following the second warmest retail May in 2012, this year will trend colder, especially across the Eastern half of the nation. Colder temperatures in the East will cause a dip in year-over-year demand for seasonal products like apparel, sun care, cold beverages, lawn and garden supplies, ice cream and fans/air conditioners. May 2013 is setting up to be a more active month for severe weather than last year with the highest risk periods in early May and again during retail week three. Localized demand for chainsaws and other clean-up products will be needed in the South and Midwest.

GREENWICH, Conn. — Brynwood Partners’ portfolio company, Pearson Candy Company, has acquired the Bit-O-Honey confectionery brand from Nestle. The acquisition marks the fifth brand Brynwood Partners has acquired from Nestle. Terms and conditions of the transaction were not disclosed.

The Bit-O-Honey national brand has been around for more than 90 years and is available in a variety of formats, which are widely distributed in the U.S. through leading retailers in the food, drug, mass and dollar channels.

LOS ANGELES — Guess has appointed former Victoria’s Secret executive Sharleen Ernster Lazear as chief design officer, overseeing all product categories for the Guess brands. She will report to CEO Paul Marciano. 

ATLANTA, Ga. — Red Book Connect, a global service-driven technology solutions company serving the retail, restaurant and hospitality industries, has appointed Larry A. Abramson as its CEO, a previously unfilled position since the formation of the company in January 2013.

EL SEGUNDO, Calif. — Big 5 Sporting Goods Corp. reported upticks in net income, sales and same store sales for first quarter fiscal 2013. Net income grew from $156,000 to $7.5 million.

Net sales were $246.5 million, up from $218.3 million a year earlier, while same-store sales rose 10.5%. First quarter sales improved despite the negative impact of the calendar shift of the Easter holiday, when the retailer’s stores are closed.

NEW YORK — The Jones Group Inc. returned to a profit in the first quarter, but sales were hampered by unseasonably cool weather. The company said net income for the three months ended April 6, after paying preferred dividends, totaled $500,000. That compares with a loss of $1.2 million in the year-ago period.

Social shopper media firm Collective Bias may have been founded in Walmart’s home town of Bentonville, Ar., but the firm has big plans to help suppliers to Target achieve their social media objectives.

Collective Bias established a presence in Minneapolis last year and more recently tapped Kristen Brown to lead the firm’s growth efforts. Brown spent five years with NPD in the company’s Minneapolis office where she served as retail insights director. She is also a best-selling author and motivational coach.

WASHINGTON — The NRF Foundation, the careers and education division of the National Retail Federation, has launched the Retail Insight Center — a website designed to serve as a resource for researching industry, government, economic and consumer trends within the retail industry. 

The Retail Insight Center is made possible by a contribution from KPMG LLP, the U.S. audit, tax and advisory firm.