News

RT offices closed Monday for Presidents Day
The offices of Retailing Today will be closed on Monday, Feb. 15, for President's Day, and the RT Daily Edition will not publish. RT will resume normal business hours on Tuesday, Feb. 16.
Apple Pay use lags awareness
Consumers know about Apple Pay, but that doesn’t necessarily mean they are conducting mobile payments with it.

According to a December 2015 survey of 1,300 U.S. household financial decision-makers, including 580 iPhone 6 users, conducted by First Annapolis Consulting Inc. awareness of Apple Pay is quite high. Among all survey respondents, 73% have heard of Apple Pay, while awareness jumps up to 84% for the sub-group of iPhone 6 owners.

CSA offices closed Monday for Presidents Day

The offices of Chain Store Age will be closed on Monday, Feb. 15, for President's Day. and the DayBreaker will not publish. CSA will resume normal business hours on Tuesday, Feb. 16.
What went wrong at Advance Auto parts

Warm weather hurt sales at Advance Auto Parts in the fourth quarter, but other factors were in play too as the company’s performance lagged competitors.

The retailer said same store sales were negatively impacted by the timing of the New Year's day holiday, which fell in the 53rd week last year, by the foreign exchange currency fluctuations from its Canadian business, and by warmer winter weather.
World to get glimpse of Canadian cool at summer Olympics

The contingent of athletes representing Canada at this summer’s Olympic games in Brazil will be feeling strong and confident during the opening ceremonies thanks to a new design deal announced by Hudson’s Bay Company.

Hudson's Bay, Canada's iconic retailer, announced that Dean and Dan Caten, Dsquared2 will design the outfit for Team Canada for the Opening Ceremonies at the upcoming 2016 Olympic and Paralympic Games in Rio.
Online jewelry retailer continues leap into brick-and-mortar

Blue Nile made its brick-and-mortar debut last June, and the company is so pleased with the results that it plans to add more stores.

The online jeweler announced it will open its second physical outpost, at the Westchester Mall in White Plains, New York, by early summer. It is the first of up to four locations the company plans to open this year.
Toys"R"Us names new global leader

Toys“R”Us has promoted its senior vice president of store operations to a global leadership role.
Nordstrom teases New Yorkers with a glimpse of the future

Nordstrom revealed dramatic plans for a massive and elaborate flagship in Manhattan designed to wow residents of a city accustomed to the best retailers have to offer.

The approximately 363,000-sq.-ft. store will encompass four individual properties in the Columbus Circle neighborhood of Manhattan, along Broadway between West 57th and West 58th Streets. Slated to open in 2019, it will be the retailer’s second largest store to date (the largest, at 383,000 sq. ft., is in its Seattle hometown).
What went wrong at Advance Auto parts

Warm weather hurt sales at Advance Auto Parts in the fourth quarter, but other factors were in play too as the company’s performance lagged competitors.

The retailer said same store sales were negatively impacted by the timing of the New Year's day holiday, which fell in the 53rd week last year, by the foreign exchange currency fluctuations from its Canadian business, and by warmer winter weather.
Shop Companies sells 100% leased center in Texas

Cross Roads, Texas -- Shop Companies Investment Sales announced the sale of Crossroads Crossing a 14,680 sq. ft. shopping center located in Cross Roads, Texas.

Crossroads Crossing at the time of closing was 100% leased. The tenant mix includes: Domino’s, State Farm, January’s Salon, Cornerstone Dental and Villa Grande Mexican Restaurant among others. Just east of a newly opened Wal-Mart Supercenter.