News

Destination XL Group swings to Q4 profit
Canton, Mass. -- Destination XL Group Inc. grew sales and margin and swung to a profit in its fourth-quarter, reporting net income of $1.6 million, after a $55.1 million loss in the same period a year earlier. It also announced plans to open 40 DXL stores in 2015.

The retailer of men’s big and tall apparel reported revenue of $119.6 million in the period. Sales per square foot in DXL stores rose 10% to $165. Total same-store sales increased 8.9%.
Weis Markets expands in-store pickup service
Sunbury, Pa. — Weis Markets is set to expand online shopping with in-store pick-up to its 26th location, making the service available at its West Lawn, Pennsylvania, store.

NCR to help modernize Defense Commissary Agency’s systems

Duluth, Ga. -- NCR Corp. announced that NCR Government Systems will modernize operations for the Defense Commissary Agency (DeCA). DeCA’s Enterprise Business Solution (EBS), built upon NCR’s software solutions, will help to transform DeCA’s mission-critical retail systems and provide industry-leading capabilities that optimize its operations from warehouse replenishment through to the point-of-sale, along with customer loyalty management and payment solutions.
Accenture: Retailers struggle to meet consumers’ in-store, mobile needs

New York -- U.S. retailers are struggling to meet the demands of consumers, according to a report by Accenture. An overwhelming majority (82%) of consumers expect a retailer’s prices to be the same in-store and online, up 13% over last year’s study, but only 34% of retailers met this expectation for more than 80% of the items assessed, Accenture found.
Home Depot prepares for spring

It’s the busiest time of year for the Home Depot and this cool time lapse video from store 116 in Woodstock, Ga., shows the considerable effort that goes into resetting the retailer’s indoor seasonal department. For more on the retailer's spring time efforts check out the following, http://builtfromscratch.homedepot.com/merchandising-spring%3C/a%3E%3C/p%3E
Sam's Club wins payment innovation award

Sam’s Club’s newest credit card program has been recognized as an innovator in the fast-changing world of payment technology.

Sam’s Club’s 5-3-1 card earned a Gold Medal in the Best Comeback Story category in the PYMNTS.com 2015 Innovator Awards.
Ex-Save Mart chairman Bob Piccinini dies

Robert “Bob” Piccinini, the longtime chairman of Save Mart Supermarkets, has died. He was 73.

In a statement, the company said that Bob was most passionate about two things: his family and his company. He purchased Save Mart from the Piccinini and Tocco families in 1985 after working his way up through the ranks as a box boy, truck driver, store manager, vice president of real estate and on to president and CEO.
Weis Markets opens store pickup in 26th store
Study: Retailers missing the omnichannel mark

Retailers must move quickly to improve their ability to deliver a “seamless retail” experience to customers, according to new research by Accenture released Wednesday.
American Eagle takes flight in South America

Specialty apparel retailer American Eagle had a solid fourth quarter and now is eyeing growth opportunities far from its home market by teaming up with leading South American retail conglomerate Cencosud.
Christopher & Banks sails through challenging Q4

Christopher & Banks Corp.
Dollarama's same store sales jump 8.5%

Some retailers have had a rough time being successful in Canada, but not Dollarama, where profits, sales and store counts are on the increase.

In fact, customers increased their spending at the Canadian discounter over the fourth quarter, leading to the chain’s quarterly profit rising about 21%.