News

New York - American Eagle Outfitters is getting “extreme” with a new omnichannel sweepstakes it is running in stores nationwide and online from July 11 through July 22.

The specialty apparel chain is partnering with World Freerunning & Parkour Federation athletes Gaeton Boullett, Max Henry, Paul Joseph and Tim Burton to promote its Denim X and Flex denim products.

Salt Lake City – Overstock.com is expanding the availability of fresh fruits and vegetables for its customers. The off-price e-commerce retailer already makes fresh farm-grown produce available to nearly half of Americans through its online farmers market store, which serves customers in 35 states.

When it comes to payments, times are changing. Fast. Retailers find themselves in an uncertain world: after a few rough years of data breaches, theft, and fraud, retailers are already feeling pretty beat up. But despite a resulting emphasis on data security and privacy, retailers find they have no room to pause while they secure their enterprises as tightly as they would like. Consumers are moving fast, and retailers must keep up.

San Diego – Net income at warehouse club retailer PriceSmart Inc. stayed essentially flat at $21.2 million during the third quarter of fiscal 2015, compared to $21.3 million in the prior year period. Meanwhile, total revenues rose 13% to $697.1 million, from to $615 million.

Higher income taxes kept PriceSmart’s profits flat even as rising export sales and membership income boosted total revenues. Same-store sales increased 4% during June 2015, compared to the same month in the previous year.
 

San Francisco – Never mind Gen Y, the millennial generation that roughly ends with young consumers born in 2000.

Williams-Sonoma tween and tween banner PBteen is targeting the post-2000 “Gen Z” audience with an original six-episode Web series called “Revved Up Rooms.”

Brentwood, Tenn. - Tractor Supply Co. is extending its private label credit card relationship with Citi Retail Services. The multi-year extension builds on an existing 15-year partnership with Citi.

Irving, Texas – Some stockholders of The Michaels Companies Inc. intend sell 12.5 million shares of Michaels common stock. The selling Stockholders will receive all of the net proceeds from this offering.

No shares are being sold by the company. Goldman, Sachs & Co. will act as underwriter for the offering.
 

International wholesale club PriceSmart keeps attracting shoppers to its stores, as the retailer reported an increase in same store sales for the third quarter.

Gap Inc. continues to suffer from a lack of traffic to its stores and Web site, but the sales decline abated somewhat in June.

The private equity firms that paid a premium to take Michaels private nearly a decade ago continue to gradually unwind their majority position in the nation’s largest arts and crafts retailer.