News

Highly promotional activity and increased multichannel initiatives not only helped Shoe Carnival hit its expectations, but exceed $1 billion in net sales for the year.   For the quarter ended January 28, 2017, the retailer’s net sales were $234.2 million, a 0.2% increase, compared to net sales of $233.7 million for the fourth quarter of fiscal 2015. While it was in line with its goals, this was just shy of Wall Street’s prediction for sales of $235 million.  

Lord & Taylor is looking to engage shoppers with a new luxe concept dedicated entirely to one of its core categories: dresses.   The retailer has transformed the fifth floor of its Manhattan flagship into a dedicated space for dress shopping for all occasions. Spanning over 30,000 sq. ft., the updated space includes a rotating pop-up shop that launches with one-of-a-kind vintage designer dresses, a concierge service, and The Gallery, a dedicated area for designer dresses.  

Jos. A. Banks hopes to better connect with its shoppers during online searches by “speaking their language.”   In its quest to create a more inspiring online experience, especially one that could would make product searches more consistent and relevant, Jos. A. Banks is taking steps to improve its product descriptions. The retailer began this journey by adding the Edgecase Product Intelligence Platform, a solution that helped create more than 60,000 new product values, or attributes, to define online merchandise. 

With Easter being almost a month later than last year, Americans are on track to spend more than ever, according to the National Retail Federation.  

Whole Foods Market has opened its second largest location in Chicagoland.     The supermarket retailer has opened a 76,000-sq.-ft. store in the city’s Lakeview area. It replaces an older Whole Foods across the street. The older store, which opened in 1996, closed the day the new store opened.