Skip to main content

News

  • Study: Harsh winter freezes retail sales

    San Jose, Calif. – This winter has not only frozen roads and roofs, but also had a chilling effect on retail sales. According to the monthly Retail Performance Pulse from RetailNext, there was a 10.4% year-over-year decrease in sales on a 12.5% decline in traffic at brick-and-mortar stores for the retail month of February (Feb. 1-28).

  • Same store sales keep sliding at Roundy's

    Regional grocery chain Roundy’s Inc. is heading out of a “transition year,” according to CEO Robert Mariano, with lackluster same store sales growth.

    Roundy’s reported a same-store sales decline of 2.3% for the fourth quarter. In 2014 overall, same-store sales dipped 2.9%. For the year, net sales reached $3.86 billion, up from $3.35 billion in 2013. 

  • Sephora in big omnichannel push: beacons, in-store augmented reality and more

    San Francisco -- Sephora on Thursday officially unveiled its San Francisco-located Innovation Lab, which will focus on the development of new strategies and technologies for both in-store and mobile shopping. In conjunction with the debut of the Lab, the beauty retailer announced the rollout of four new digital programs:

  • Ascena Retail Group names lead independent director, adopts new rules

    Mahwah, N.J. - Ascena Retail Group Inc. has named board member Randy L. Pearce to the newly created role of lead independent director. As lead independent director, Pearce will preside at executive sessions of the independent directors, will serve as liaison between the independent directors and the chairman of the board and between the independent directors and senior management, and will call meetings of the independent directors.

  • Fewer retailers among Fortune’s ‘Best Companies’ list

    The retail industry continued to backslide on Fortune’s list of the 100 Best Companies to Work For, but the slight may not be as bad as it seems.

    The 2015 version of the list included 10 retailers compared to 12 retailers on the 2014 version and 14 retailers on the 2013 version. Notable inclusions on the 2015 list were Wegman’s (7), Container Store (27), QuikTrip (54),Whole Foods Market (55), Recreational Equipment (58), Build-A-Bear (59), CarMax (64), Publix (81), Zappos (86) and Nordstrom (93).

  • Roundy’s net income doubles in Q4; will open five stores

    Milwaukee – Roundy’s Inc. reported net income of $7.5 million in the fourth quarter of fiscal 2014, more than double $3.5 million in the same quarter the prior fiscal year. A shift from net after-tax loss to net after-tax income from 27 Rainbow stores that were closed or sold drove net income growth.

    Roundy’s plans to open five new stores in fiscal 2015, including one in the first quarter.

  • Petland hires ex-Walmart exec as it aims to expand

    Petland has hired a former Walmart executive as vice president of corporate stores as the pet supply retailer looks to expand its national footprint. 

    Although Tony Samples last worked at Walmart in 2006, Petland touted his Walmart experience in a news release. "Tony brings extensive retail experience to Petland at a time when Petland is expanding its retail footprint," said Petland President and CEO Joe Watson. Samples will lead Petland's retail store division and oversee the company's merchandising and marketing efforts.

  • Fred's reports flat same store sales for February

    The deep freeze hitting much of the United States this winter helped Fred’s improve its same store sales from the prior year, with cold weather product departments performing well in February.    Fred's total sales for February, not adjusting the closed stores, decreased 2% to $154.1 million from $157.4 million in February 2014. Same store sales for the month were approximately flat versus a decrease of 2.2% in February last year.  
X
This ad will auto-close in 10 seconds