News

A home improvement start-up with a green conscience and niche positioning is finally ready to expand out of its Austin, Texas, hometown.

TreeHouse will serve as the anchor tenant at The Hill, a new North Dallas shopping center being revived, refreshed, and repositioned by Dallas developer, Cypress Equities. The store, which will be designed by Lake|Flato Architects, is slated to open in early 2017. It will be the retailer’s second location, but perhaps not for long.

DSW has a robust store expansion plan in the works to tap future penetration within the U.S. market this year.

"New store growth is an important and exciting piece of the DSW formula. It allows us to bring the brand to more communities and build relationships with new customers. More stores also enable us to provide additional customers with immediate access to our full assortment. We look forward to engaging with these new customers and helping them find the perfect shoe at the prefect price," said Valara Gee, VP Stores

Hudson's Bay Company says online sales were particularly strong in the fourth quarter and contributed to the company's same-store sales growth of 11% for the period.

The Canadian firm and parent company of the Saks Fifth Avenue banners said that for the fourth quarter ended Jan. 31:

• Same-store sales grew 11%;
• The Department Store Group (DSG) had a same store sales increase of 4%;
• Saks Fifth Avenue Off 5th same-store sales increased 2%;
• Saks Fifth Avenue same-store sales decreased 1.2%;

The Retail Design Institute has revealed the finalists for its 45th Annual International Store Design Awards Program.

All the awards, including the highly anticipated Store of the Year Award, will be revealed, and bestowed on the honorees, at the Institute’s annual Awards Gala on March 12, 2016, at the Hilton Anatole, Dallas. For more information and to buy tickets, click here.

Here are the finalists (in alphabetical order):

When it comes to providing a positive environment for online shoppers, one retailer stands above the rest.

In conjunction with its 18th Annual Mystery Shopping Study conducted in the fourth quarter of 2015, the e-tailing group has released its ninth annual Customer Experience Index. Nordstrom.com received a top score of 86.75. Websites are scored on a 100-point scale based on an assessment of metrics from five key pages, presence and execution of vital merchandising tactics, and exemplary customer service.

Macy’s says cold weather in January helped the retailer report a better than expected decrease in same store sales for the fourth quarter even as the company explores an expansion of its off-price and beauty formats.

For the period ended Jan. 30, same store sales fell 4.3%, slightly less than the 4.7% fall it had estimated. Total sales declined to $8.87 billion.

Cold weather in January helped Macy’s report a decline in same-store sales for the fourth quarter that was less than analysts had expected. In other news, the chain announced plans to expand its off-price and specialty beauty formats.

For the period ended Jan. 30, Macy's net income fell 31% to $543 million, dragged down by store closings and other costs.

Adjusted profits were $2.09 per share, better than the $1.86 per share estimate from analysts, according to Zacks Investment Research,

Atlanta-based The Home Depot reported record fourth-quarter and fiscal year results, as it emphasized "the interconnected customer experience" and rode a recovering U.S. housing market.

The company's fourth-quarter sales were a record $21.0 billion, up 9.5% from the same quarter last year. Net earnings for the three months were $1.5 billion, compared with $1.4 billion a year ago.

Comp-store sales for the fourth quarter were up 7.1%, and up 8.9% for U.S. stores.