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  • Chico's misses on Q2 sales and profit; taps beauty exec as Soma president

    Chico's FAS' profit and revenue declined in the second quarter amid same-store declines across all its banners.      The women's apparel retailer also named Mary van Praag as president of Soma, effective September 5, 2017.  She most recently served as CEO of Perricone MD. Prior to that, she held senior executive roles at Coty, and Johnson & Johnson's beauty division.  
  • Report debunks retail apocalypse: More stores opening than closing

    Don't believe the hype — physical retail is still growing, particularly in three key segments.   Retailers are opening 4,080 more stores in 2017 than they are closing, according to a new research report from IHL Group, and they plan to open over 5,500 more in 2018. Mass-merchandisers, including off-pricers and value chains, are the fastest-growing retail segment (+1,905 stores), followed by convenience stores (+1,700 stores) and grocery retailers (+674 stores).  
  • Footwear giant puts best foot forward in Q2

    The parent company of such brands as Famous Footwear, Sam Edelman, and Allen Edmonds topped the Street in its second quarter, fueled by a strong back-to-school selling season.    Caleres reported that its adjusted net earnings rose 4.4% to $20.6 million. Adjusted diluted earnings a share were 48 cents, which topped estimates of 44 cents.  
  • Amazon’s pet sales reach a new high

    More customers are making pet product purchases at Amazon — a practice that has increased category sales by 40%.   This was according to “U.S. Pet Market Focus: The Amazon Pet Food and Supplies Shopper,” a study from Packaged Facts.   
  • Best Buy ups full-year outlook on heels of strong Q2

    Best Buy reported better-than-expected profit and sales for its second quarter amid growth for smartphones, connected home and wearable devices. But the retailer added a slight caveat going forward.   Best Buy's same-store sales rose 5.2% in the quarter ended July 29, easily topping analysts’ estimates for a 2.1% gain. But on the chain's quarterly call with analysts, CEO Hubert Joly said that he did not think that the mid-single-digit rise in comparable sales would continue, and that it did not represent a "new normal."
  • Walmart sets up emergency pharmacy at mega-shelter for hurricane victims

    Evacuees from Hurricane Harvey seeking shelter at the Kay Bailey Hutchison Convention Center in Dallas will find a pharmacy on-site to meet their immediate needs. The facility has been turned into a mini-city to house and care for what is expected to be 5,000 evacuees who are being bused and flown into Dallas from the regions devastated by the storm.   
  • Pizza giant may soon deliver pizzas via self-driving cars — no tips required

    Domino's Pizza may be adding a new item to its take-out menu — driverless deliveries.   The pizza giant is teaming up with Ford Motor Co. to test how well self-driving vehicles can make pizza deliveries. The partners will evaluate how customers react to interacting with a self-driving vehicle within their delivery experience — data that is paramount to understanding how customers perceive the future of food delivery with self-driving vehicles.  
  • Target rolling out another exclusive brand — this time in wine

    Target Corp. is giving Trader Joe's some competition — albeit at a slightly higher price — when it comes to bargain-priced wine.    On September 3, Target will launch its own line of wines at more than 1,100 stores nationwide. The line, called California Roots, consists of five different blends, with two whites and three reds. And each will sell for $5 a bottle.  
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