News

Build-A-Bear Workshop Q4 profit surges
St. Louis -- Build-A-Bear Workshop reported $11.8 million profit for the fourth quarter, more than double the $5.4 million profit it reported in the year ago period, amid continuing signs of a turnaround. The company’s performance driven by strong sales of licensed characters, including a line of “Frozen” stuffed animals.

Revenue totaled $131.5 million for the quarter, up from $108.1 million last year.
Lots of Build-A-Bears under the tree in Q4
Build-A-Bear Workshop was busy building a lot of bears this holiday season, if the retailer’s same store sales are any indication.

The company reported that same store sales were up 9.9% for the quarter, with a 8.5 percent increase in North America and 14 percent increase in Europe. Build-A-Bear also saw an $11.8 million profit for the fourth quarter, more than double the $5.4 million profit it reported in the prior-year quarter.

Wal-Mart's Q4 results overshadowed by employee pay hike

Bentonville, Ark. -- Increased traffic and better than expected same-store sales growth at Walmart’s U.S. stores were bright spots in the retailer’s fourth quarter earnings. But the big story in Thursday’s earnings release was the announcement that approximately 500,000 full-time and part-time associates at Walmart U.S. stores and Sam's Clubs will receive pay raises in the first half of the current fiscal year.
Price Chopper selects Agilence Retail 20/20 exception reporting

Schenectady, N.Y. – Price Chopper Supermarkets will deploy Retail 20/20 exception-based reporting to replace its legacy exception reporting application. Price Chopper, which operates grocery stores in Connecticut, Massachusetts, New Hampshire, New York, Pennsylvania and Vermont, selected Retail 20/20 for its advanced reporting engine and intuitive interface.
Icahn increases investment in EBay

New York – Billionaire activist investor Carl Icahn has increased his investment holding in EBay Inc. In his regulatory filing for fourth quarter 2014, Icahn disclosed that he purchased about 446,000 shares of EBay.
Nordstrom, Trader Joe's tops in customer satisfaction

Customer satisfaction with retail is on the decline for the first time in four years, according to a report by the American Customer Satisfaction Index (ACSI).

The report says brick-and-mortar retail show weakening or flat customer satisfaction, while Internet retail is up from a year ago.
Report: Target localizes Target Express assortments

Minneapolis – Target Corp. is reportedly localizing the assortments at its smaller-footprint Target Express stores to a high degree. The Minneapolis-St. Paul Star Tribune reported that since opening its first Target Express in the Dinkytown neighborhood of Minnesota in summer 2014, the discounter has carefully considered local customer demographics when stocking shelves.
Albertsons goes with the flow of craft beer

As America's obsession with craft beer shows no signs of losing steam, shoppers looking to fill their own growlers with upscale brews may not need to go farther than their local Albertsons supermarket.

The grocery chain is embracing the craft beer trend by adding growler stations to some of its stores. The company recently added a Growler Station Express to a store in Phoenix, Ariz., to satisfy area craft beer fans.
DirectBuy gets into the sweepstakes game

Merrillville, Ind. - Homeowners looking to upgrade their backyard in time for summer can now enter membership-based buying club DirectBuy’s “Backyard Dream-Over” sweepstakes for a chance to win outdoor furniture, appliances, and more. DirectBuy is utilizing gamification techniques by letting consumers play a game on mobile phone, PC or tablet for a chance to win up to 600 sweepstakes entries while learning about DirectBuy.
Italy’s Miroglio Group selects Zebra WiFi for customer experience

Alba, Italy - The Miroglio Group, an Italy-based international fashion retailer, has selected Zebra Technologies' wireless LAN solution to optimize information processes and transform them into a single omnichannel workflow. This selection was done as part of an overhaul plan that involved all the Italian companies in the Group: four buildings at its headquarters in Alba, its Milan offices and the entire store channel.