News

Online fulfillment choices ‘Pick Up’
The seminal digital event that occurred in the year 2007 was the introduction of the first iPhone, but there was another noteworthy development that year involving Walmart e-commerce.

A few months after the iPhone made headlines, Walmart rolled out its buy online, pick up in store service branded as Site to Store and helped give meaning to the word omnichannel. In digital terms, 2007 was eons ago.
Costco blames sales drop on lower gas prices
Costco Wholesale Corp. reported its first quarterly decline in same store sales since 2009, although profit at the club store did rise.

Same store sales declined 1% in the third quarter ended May 10, including fuel and foreign currency impacts. This was below the 0.7% growth expected by analysts. The company said sales were hurt by low gas prices and a stronger dollar that reduced the value of sales from overseas markets.

Kate Upton helps Express sizzle in Q1

New marketing efforts at Express appear to be resonating with customers, as the retailer posted a strong first quarter performance.
Former Toys executive is new HR chief at HBC

Hudson's Bay Company has appointed a former Toys”R”Us executive and Target veteran as chief of human resources.

Dan Caspersen will be responsible for leading the human resources function across the company, and report directly into the office of the chairman, the company said.
Amazon expands same-day delivery, and makes it free

Amazon is upping the ante in the fulfillment wars by expanding its same-day delivery service for Prime members to more markets and making it free.

The company added two new markets, San Diego and Tampa Bay, to its list of same-day delivery areas while also reducing the price to free for orders over $35. The company already offers same-day delivery in several regions, including New York, Philadelphia, San Francisco, Seattle, Atlanta, Boston, Baltimore, Dallas-Ft. Worth, Indianapolis, Los Angeles, Phoenix, and Washington, D.C.
Drug costs weigh on Fred's profit

Higher prices for generic drugs contributed to a net loss of $29,000 for Fred's in the first quarter.
Signet Jewelers sparkles in first quarter

The integration of Zales helped Signet Jewelers turn i a robust financial performance in the first quarter.
Abercrombie still fighting for survival

Abercrombie & Fitch Co.'s revitalization efforts appear to be paying off, as the teen retailer says same store sales are rapidly improving.
Omnichannel efforts pressure profits, boost Belk sales

In what has become a familiar industry tale, the Belk department store chain’s investments in omnichannel drove first quarter sales growth but negatively affected profits.
A look at the evolving payments landscape

We live in interesting times when it comes to all the ways we can pay and complete purchases, times when you can now order food for delivery without ever leaving your search engine. More convenient and secure ways of making payments are advancing on a number of interesting fronts, including computer chip enabled EMV credit and debit cards that are soon to replace magnetic stripe cards in the United States, and mobile phone-based digital wallets like Apple Pay and CurrentC (not to mention the digital currency bitcoin, which admittedly we’re pulling for).
ULTA Beauty continues to dazzle shoppers

ULTA Beauty is that rare breed of retailer capable of exceeding ever loftier growth expectations and it did so again with the release of first quarter results on May 28.

ULTA reported that net sales increased 21.6% to $868.1 million from $713.8 million in the first quarter of fiscal 2014. Same store sales increased 11.4% compared to an increase of 8.7% in the first quarter of fiscal 2014. The 11.4% same store sales increase was driven by 7.2% growth in transactions and 4.2% growth in average ticket.
McMillon, McKenna and Murray headline CRE event

The Walmart shareholders meeting is next week and while the event is great for the retailer’s associates, suppliers looking for deeper insight into new priorities and key initiatives will be better served by attending a more content rich event the following week.

That’s when the Center for Retailing Excellence in the Sam M. Walton College of Business at the University of Arkansas plans to hold its annual Emerging Trends in Retail conference. The event, scheduled for Thursday, June 11, is especially noteworthy for several reasons this year.