News

Dollar General Q2 profit tops Street, on track to open 730 stores
Goodlettsville, Tenn. — Dollar General posted better-than-expected earnings for the second quarter, but came up short on sales, even amid strong demand for tobacco products and other consumables.

The discounter reiterated plans to open approximately 730 stores in 2015, and relocate or remodel 875 units. To date, the company is on track with its pipeline development to accelerate new store openings to 7% square footage growth in 2016.
H&M to award a prize for recycling innovation
H&M is looking to appeal to eco-conscious millennials with a lucrative contest that promotes recycling.

The Swedish retailer announced that it will fund the Global Change Award. Five winners will share a grant of 1 million euro ($1.16 million) and receive access to a tailor-made innovation accelerator. The global public will be invited to distribute half of the total grant through an online vote. The results will be announced at a grand award ceremony in Stockholm in February.

Macy’s gets personal with style

New York – Macy’s is getting more personal with its customers.
Study: CMOs shifting marketing investments

New York -- Technology-related spending by chief marketing officers (CMOs) is on the rise.

According to a study from Foundation Capital, technology spend by CMOs will increase 10 fold in 10 years, growing from $12 billion to $120 billion.
How Target plans to get its mojo back

Target is looking to return to the days when shoppers flocked to its stores for fabulously designed products, thanks to new directon from CEO Brian Cornell.

According to Ad Age, the company is refocused on wooing shoppers once again with a renewed emphasis on design that is "fab and functional," one of Target's core areas where the retailer really stands out in the crowded mass market field.

Read more about Target's design focus by clicking here.
Tully’s revels in mobile POS capability

Seattle – Tully’s Coffee is reveling in a new mobile POS capability.

More precisely, Tully’s has selected Revel's iPad POS systems to be deployed across 46 corporate stores located in the western U.S.

The lightweight Revel hardware decreases the amount of counter space used, connects to the cloud and seamlessly integrates with Tully's current Synergy loyalty platform. Tully’s can also track inventory, manage payroll and provide analytics in real time.
Meijer asks customers to help the hungry

Meijer is recognizing the need to fund hunger programs in the communities it serves with a new promotion.
Walmart to stop selling assault rifles

New York -- Walmart plans to stop selling AR-15 assault rifles and other modern sporting rifles, a move the company says is motivated not by politics but by falling consumer demand.
The Bon-Ton poised for omnichannel growth

The Bon-Ton Stores is opening a new fulfillment center as the retailer looks to cut back on the amount of time it takes to deliver an online order.

The company announced the grand opening of its 743,000 square-foot state-of-the-art direct-to-consumer fulfillment center in West Jefferson, Ohio. The facility, which began transitioning fulfillment operations in June, was designed with the customer in mind and supports the company’s expanding e-commerce business and aggressive omnichannel growth, the company says.
Target emphasizes design as it works to restore its old magic

New York -- Target is leaning on its product design and development team as its works to return to the days when shoppers flocked to "Tar-zhay" for fabulous design and inventive product, according to a report in Ad Age.

For a look inside the retailer's design lab, read the full story here.