News

True Value expands again in PIttsburgh
The True Value Company family has expanded with the addition of Pittsburgh-based Busy Beaver Home Improvement Centers.
Roosevelt Field enters its final stage of redevelopment
Garden City, N.Y. -- Simon announced that Roosevelt Field, located in Garden City, New York, has entered its final stages of redevelopment, and also released the names of retail brands to occupy the new two-level retail wing. Most of the stores, with some opening early September, will make their Long Island debut. The new wing will lead to the area's first Neiman Marcus store opening in February 2016.

And the one bright spot at Gap Inc. is ...

Gap Inc.’s sales slump continued in August across all its brands with one notable exception.
Retailers open doors at midnight in anticipation of ‘The Force’

New York -- Disney unleashed its considerable marketing prowess on Friday and retailers were hoping the company’s “force” would translate into big sales.

On Friday, the entertainment giant formally debuted hundreds of toys and other products related to its upcoming — and hugely anticipated — film, "Star Wars: The Force Awakens.”
Genesco takes the Lid off sales in Q2

The CEO of Genesco Inc. says the company had strong sales despite the later start to the back-to-school season and some pressures to right-size inventories.
Five Below’s Q2 sales performance raises questions, but store expansion remains on track

Philadelphia -- Teen and tween fave Five Below Inc. may not be meeting sales projections, but it remains on track for store expansion, with plans to open a total of 70 net new stores during fiscal 2015, including 16 net new stores in the third quarter.

The company, where every item costs no more than $5, is achieving its profitability targets, but doing so with productivity improvement in its selling space that is surprisingly weak given the newness of its store base.
Why Costco may be the envy of Walmart

Despite reporting ho-hum sales for July, Costco said Thursday that its comps for the fourth quarter and fiscal year were up an impressive 6%.
Lowe’s supporting wireless IoT standard

Milpitas, Calif. – Lowe’s Companies Inc. is strengthening its support of the ZWave wireless Internet of Things (IoT) standard.

Lowe’s has joined The Z-Wave Alliance, a global consortium of more than 325 member companies, with its Iris smart home solution.

Launched in July 2012, Iris by Lowe's is a smart home solution created to monitor and control virtually everything in the home anytime, anywhere from a computer, smart phone or tablet.
Report: Apple reveals new retail store design

Apple is about to embark on a whole new path when it comes to the design of its retail stores, starting with its next project in Memphis, Tenn.

According to the Memphis Daily News, Apple’s new location at the Shops of Saddle Creek mall in Germantown will see several departures from the company’s traditional retail look and feel, with the facade set to feature “a matte granite reinforced panel on the exterior wall," among other differences.
Online giant expanding instant-order program — with big new benefit

New York -- Amazon is not only expanding its instant-order “Dash” button program, it’s also making the buttons virtually free.