News

E-commerce propels profits for Neiman Marcus
Neiman Marcus got a boost in the second quarter from its October purchase of mytheresa.com, a German luxury e-retailer.

For the 13 weeks ended Jan. 31, the company reported a profit of $27.8 million, compared with a year-earlier loss of $84 million. Revenue grew to $1.52 billion from $1.43 billion in the prior-year period. Sales at stores open more than a year and online rose 5.6%.
Consumer optimism falls with rising gas prices
Alexandria, Va. - Rising gas prices are taking a toll on consumer optimism about the economy. According to survey results released by the National Association of Convenience Stores (NACS), consumer optimism fell from 54% to 44%, the largest decrease in optimism since August 2014,

Lowe's raises walls with a six-time NASCAR winner

The decade-old team effort between Lowe's and Habitat for Humanity was on display again this month in Las Vegas, but this time, a six-time NASCAR Sprint Cup champion joined the team as well.

Jimmie Johnson worked together with Lowe’s employee volunteers and other volunteers from Habitat for Humanity Las Vegas to raise the walls of a new home at Las Vegas Motor Speedway during the Kobalt 400 race weekend.
Casey’s Q3 profit beats Street; plans 37 new stores, new DC

Ankeny, Iowa – Casey’s General Stores Inc. beat Wall Street estimates with net income of $39.2 million in the third quarter of fiscal 2014, more than triple $12.65 million earned in the year-ago period. Steady decline in wholesale fuel costs and rising inside sales helped Casey’s achieve impressive profit growth.

Casey’s currently has 26 new and 11 replacement stores under construction. The retailer’s annual goal is to build or acquire 72 to 108 stores and replace 25 existing stores.
Old Navy targets Millennials on Yahoo, Tumblr

Old Navy is turning to Yahoo and Tumblr with a new digital campaign directed at Millennials.

The campaign will highlight Old Navy’s newest apparel this spring, and feature tips from the brand’s style ambassadors, Emily Current and Meritt Elliott.
Survey: Small businesses optimistic, seek higher revenue

Framingham, Mass. - The majority of small business leaders (87%) are optimistic about the year ahead. According to a recent Staples small business survey conducted online by Research Now, leaders are focused on results, with the top three small business goals in 2015 consisting of increasing revenue (76%), driving profits (70%) and gaining more customers (70%).

Promotional marketing (46%), better organization (38%) and software technology upgrades (35%) are the top tactics small businesses plan to use to meet these goals.
UPS puts problem solving skills to the test

UPS still loves logistics, but a new marketing campaign from the company puts a finer point on the range of problem-solving abilities alluded to when UPS first asked, “What can Brown do for you?”

United Problem Solvers, the new brand positioning from UPS, is designed to communicate the company’s unique capabilities to solve problems for all customers, ranging from small businesses to the largest global enterprises.
Macy’s closes Bluemercury acquisition

Cincinnati -- Macy announced the completion of its previously announced acquisition of beauty products and spa services retailer Bluemercury, for $210 million in cash.
Coupons.com nabs loyalty leader for new role

Former Safeway executive Keith Colbourn has joined Coupons.com in a new retail oriented role focused on targeting and analytics.
Ron Johnson leads $16 million funding in Nasty Gal; second store in works

Los Angeles -- Ron Johnson is sweet on teen fave Nasty Gal. The online edgy- fashion retailer recently closed $16 million in funding to support its growth. The round was led by former Apple retail chief and Penney CEO Ron Johnson, who also joined the company’s board.