News

A penny for their business? J.C. Penney is on a roll
J.C. Penney continues to be a bright spot in the retail sector with impressive increases in same store sales and earnings, as well as a new marketing campaign that is generating a lot of buzz.

On Thursday the retailer announced that same store sales grew 4.1 % for the fourth quarter ended Jan. 30. A combination of strong sales growth, accelerated gross margins and disciplined expense reduction resulted in full year adjusted EBITDA of $715 million, a $435 million increase.
RCP announces $300 million mixed-use development
Atlanta -- RCP Companies announced a $300 million, experiential, mixed-use development in the heart of Henry County known as Jodeco|Atlanta South in Atlanta. Construction is expected to commence later this year with initial tenants opening doors in 2017.

Preliminary plans for the mixed-use development include retail and restaurants, an entertainment hub, amphitheatre, outdoor fitness and recreation areas and residences within an amenity-rich, urban district.

Key Corner in Gaslamp Quarter to be redeveloped

San Diego -- OliverMcMillan announced plans to transform the former theatre building at 5th Avenue and G Street located in the Gaslamp Quarter in downtown San Diego.

“Our vision is to revitalize this active corner perfectly situated in the heart of the Gaslamp. Redeveloping this prime site will provide Downtown more opportunities to engage our local community and tourists alike,” said Dene Oliver, CEO of OliverMcMillan.
Tech Bytes: Three ways mobile payment is changing

Although mobile payment is still very much an emerging technology, the next stage of its evolution is occurring. The introduction of Apple Pay is September 2014 could be said to be mobile payment’s introduction as a mainstream technology, and the landscape has been steadily shifting since then.

Here are three key ways mobile payment is changing before the industry’s eyes.

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Foot Locker reports healthy Q4 sales, profit

The CEO of Foot Locker credits the company's revised strategic framework with single digit sales gains and double digit earnings gains in the fourth quarter.

For the period ended Jan. 30, Foot Locker reported net Income of $1.14 per share, a 13% increase from the prior year quarter. Earnings per share were $1.16, 16% above last year. Same-store sales increased 7.9%.
2016 Sweets & Snacks Expo to focus on retail innovation

This year's Sweets & Snacks Expo attendees will be treated to panel discussions by experts from the Consumer Electronics Show, Canadean, and the Center for Advancing Retail & Technology.

All three sessions on the latest advancements taking place in retail will be held at the Expo’s new Discovery Theater located in Skyline Hall, which will host more than 130 new exhibitors and is home to “Innovation Avenue”.
Regional grocer offers the personal touch

Niemann Foods, a 100-plus-store independent supermarket chain headquartered in Quincy, Illinois, is individually engaging customers wherever they are.
Shoppers love 'healthy living for less' at Sprouts

Perhaps no other retailer is profiting as well from Americans' changing eating habits than Sprouts Farmers Market, which reported record sales and earnings for the fourth quarter.

The Arizona-based grocer said that same store sales during the period ended Jan. 3 rose 7.4%. Net income was $28.2 million and diluted earnings per share were 18 cents. Net sales were $3.59 billion, a 21% increase compared to reported net sales in 2014. Adjusted diluted earnings per share of $0.86, a 19% increase from 2014.
Tech Guest Viewpoint: SMS Marketing Tips from Walmart

If you want to improve your SMS marketing, you should take a look at Walmart; they’ve got some dynamite strategies. Walmart’s SMS offerings are broad, yet each either solves a problem or reduces a pain point traditionally associated with in-store shopping.

In-Store Product Info via SMS
Walmart has developed an SMS-based system called Simple Text that allows mobile users to send a text to a phone number posted in-store to receive product location and information.
GBT acquires land for new Sprouts Farmers Market location

Dallas -- GBT Realty Corp. announced it has acquired 2.3 acres of the 12-acre retail site at Eldorado and Teel Parkways in Frisco, Texas on Feb. 16 from CMTEX, Inc. for $1.1 million. Sprouts Farmers Market will build its second store in Frisco, Texas on the site. To date, GBT has developed four locations in two states for the healthy grocer that offers fresh, natural and organic foods at great prices.