News

Seattle -- Nordstrom has surpassed Wall Street estimates with an unexpected jump in profit and sales for the quarter ended Nov. 1.   The department store retailer reported a profit of $142 million for the third quarter, up from $137 million in the year-ago period.   Sales jumped 9% to $3.14 billion, beating the expected $3.11 billion in revenue. Same-store sales rose 3.9%.  

Books-A-Million has appointed Ronald J. Domanico to serve as a member of the board and a member of the audit committee of the board.

“We are very fortunate to have identified a director of the caliber and experience that Ron possesses,” said Clyde B. Anderson, the executive chairman of the board of directors of the company. “Ron is a seasoned financial executive that brings a depth of experience in finance, strategy, and operational matters to our board.”

New York -- Entertainer Nick Jonas joined Lord & Taylor/Hudson’s Bay president Liz Rodbell for the unveiling of the department store’s annual holiday windows on NYC’s Fifth Avenue on Thursday, marking the 100th anniversary of the retailer’s holiday window program.  

New York –- There is a high demand among consumers for mobile apps that would make the Black Friday shopping experience easier. According to data from Verizon, 80% of consumers say knowing where to get the best Black Friday deals would make their experience easier.  

Dollar General is leveraging the expansive reach of its more than 11,500 stores this holiday season to benefit several organizations aligned with the retailer’s mission of serving others.

The retailer is partnering with St. Jude’s Children’s Research Hospital’s Thanks and Giving campaign and the U.S. Marine Corps Reserve Toys for Tots Foundation’s “You’re the Hero” toy drive, as well as other local toy drives, to offer customers an opportunity to give back this holiday season.
 

Washington, D.C. -- U.S. retail sales edged up in October, according to a report released by the Commerce Department, evidence that recent job gains and lower gas prices are lifting consumer spending as the holiday shopping season begins. Retail sales rose 0.3% last month after falling by the same amount in September. Excluding gas stations, where falling prices lowered spending, sales rose a solid 0.5%.  

Spanx, one of the hottest brands in retail, named finance executive Dan Glennon to the new role of COO and CFO to help drive growth at the leading shapewear brand.

Glennon will lead the cross functional teams of global finance, legal, information technology, sourcing, manufacturing and planning as well as data and analytics. He will report directly to Spanx CEO Jan Singer.

New York -- A 2014 Kelly Scott Madison Holiday Shopping Study revealed that the top concerns for consumers this holiday season are shipping costs and online security, as 71% of respondents ranked both as top-of-mind.   Other findings focused on timing and returns: