News

H&M Q2 profit beats on U.S. strength; on track to open 275 stores this year
Stockholm, Sweden -- Hennes & Mauritz AB reported Wednesday that profit for the second quarter rose 23% to $750 million, beating Wall Street estimates and marking the strongest profit increase in seven quarters for Europe’s second-largest apparel retailer.

H&M had announced on June 15 that sales for the quarter rose 15% to $4.5 billion, beating estimates and boosted by sales strength in the United States.
Vizio makes licensing deal with Curtis International
IRVINE, Calif. — Vizio has agreed to let Curtis International Ltd., which sells digital televisions in the United States and Canada under the Curtis brand, become a licensee under Vizio's QAM patent portfolio. The parties have not disclosed financial terms of the agreement under which Curtis has agreed to make royalty payments to Vizio for sales of licensed products.

Green Speak from Wal-Mart

As it celebrates its 50th anniversary this year, Wal-Mart Stores is being recognized for many achievements, not the least of which is its leadership in sustainability. On the green front, the chain has become a leader in best practices, with innovations that deliver positive results for consumers, communities and the company’s bottom line.
Outlook underwhelms at Bed Bath & Beyond

UNION, N.J. — The growth prospects of the nation’s leading home goods retailer is being questioned following a solid first quarter performance and weaker-than-expected outlook.
Gymboree looks for savings with LogicSource

Improved procurement processes at Gymboree are being eyed as a means for the specialty retailer to reduce expenses.

Gymboree, operator of 1,155 stores, said it retained the procurement management firm LogicSource after the firm conducted a detailed analysis of Gymboree’s procurement spend and identified significant savings opportunities. LogicSource will give Gymboree access to its broad-reaching procurement industry expertise, provide a comprehensive vendor network, and drive efficiencies through smart centralization, according to LogicSource.
The Art of Social Gifting

Retailers are always looking for new ways to reach customers, and the race to get onto Facebook walls and news feeds to increase brand exposure has never been greater.

But instead of shelling out dollars to pay for traditional Facebook ads and online banners, many companies are allowing shoppers to do the grunt work for them in an organic way. One of the latest trends is combining social sharing with gift giving, so consumers can send presents — from gift cards to apparel — to others via Facebook.
Proximity to Walmart good for home values, bad for waistlines

Last week a study showed living near Walmart was good for property values while this week we learn that it will also make you fat.
Digital Signage Goes Portable

Portable digital displays proved the ideal solution for a temporary installation at a Gap store in Manhattan. The application takes the hassle, along with the unsightly cords and wiring, out of digital signage.
More studies validate low-price leadership

Week in and week out, Walmart wins on the pricing front with the biggest unknown being the magnitude of the spread between it and competitors, several reports out this confirmed.

Deb Weinswig at Citigroup looks at prices in three U.S. markets every two weeks and her most recent assessment showed Walmart beating Kroger by 12.1%, Safeway by 17.4%, Supervalu by 20.6% and Target by 4.8%.
Parking Lots: Keeping up Appearances

Parking lots serve as the first point of entry for customers and, as such, are an important brand touchpoint. Chain Store Age spoke with Dan Flaherty, national accounts executive, Ultimat/Crius Corp., about how retailers can maintain a positive first impression without breaking the budget.

What, if any, impact does a badly maintained retail property have on customers? Can it affect business?