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  • Delivering a ‘Zero Disappointment Experience’ in the age of innovation

    Many retailers have been slow to embrace technology in their broader operations, technology that has already changed the retail landscape forever – namely by empowering shoppers who are now more tech savvy than the retailers who are trying to catch up. What today’s retailers need to provide is what we at Manhattan Associates refer to as a “Zero Disappointment Experience.” In other words, ensuring that your brand delivers the same experience to shoppers regardless of their choice of engagement.

  • Rue 21 posts better-than-expected profit, but sales disappoint

    Warrendale, Pa. -- Rue 21 earned a better-than-expected $9.1 million for the quarter ended July 28, up from $7.7 million in the same quarter last year.

    Revenue rose 17% to $202.1 million, from $172.8 million. Same-store sales rose 0.5%, well below analyst expectations.

  • Bebe Q2 net income down 36%

    New York -- Bebe Stores Inc. reported that net income for the second quarter fell 36.2% to $3 million, from $4.7 million in the year-earlier quarter.

    Revenue in the quarter fell 0.6% to $131.5 million from last year. Same-store sales fell 2.5%.
     

  • Report: Supervalu seeking buyers for entire company

    New York -- Advisors to Supervalu Inc. are asking potential buyers to bid for the entire operation, even as several suitors have inquired about individual parts of the U.S. grocery company, according to a report by Bloomberg News.

    In July, Supervalu said it was looking at options for overhauling the company, including a sale. The chain hired Goldman Sachs Group Inc. and Greenhill & Co as advisors.
     

  • Big Lots big disappointment

    The nation’s leading closeout retailer offered a bleak outlook for the remainder of the year following worse than expected second quarter results and announced the departure of its top merchant.

  • PacSun sees 2Q sales growth

    ANAHEIM, Calif. — Pacific Sunwear of California reported that net sales for the second quarter of fiscal 2012 ended July 28, were $210.3 million versus net sales of $200.9 million for the second quarter of fiscal 2011 ended July 30, 2011.

    On a GAAP basis, the xompany reported a loss from continuing operations of $17.5 million, or 26 cents per share, for the second quarter of fiscal 2012, compared with a loss from continuing operations of $17.5 million, or 26 cents per share, for the second quarter of fiscal 2011.

  • Target Facebook campaign raises $2.5 million for schools

    MINNEAPOLIS — Target's charitable Facebook campaign garnered more than three million votes in leas than four weeks, the company reported. Through its Give With Target campaign, the company was able to reach its goal of awarding $2.5 million in Target gift cards to schools across the country two weeks earlier than planned.

  • Walmart takes a shot at expanding health care access

    The nation’s largest retailer is expanding an in-store healthcare initiative involving 10 types of immunizations administered at its stores through Nov. 15.

    Walmart said it is working with Mollen Immunization Clinics to provide 10 of the immunizations recommended by the Centers for Disease Control and Prevention at 2,700 stores. In addition, the company said flu and pneumonia vaccines would be available at all 3,800 stores with pharmacies.

  • Sales and earnings up at Michaels in Q2

    IRVING, Texas — Michaels Stores reported a second quarter same-store sales increase of 2.9% driven by a 3% increase in transactions and a positive impact of 0.9% from deferred custom framing revenue partially offset by a 1% decrease in average ticket.

    Net sales for the quarter increased 4.1% to $892 million from $857 million in the second quarter of fiscal 2011.

    Net income for the quarter increased 30% to $13 million, and as a percent of net sales increased 20 basis points to 1.4%.
       

  • Cabela's names new head of credit card division

    SIDNEY, Neb. — Cabela's has named Sean Baker as president of World's Foremost Bank and will be appointed CEO effective Jan. 1, 2013. Baker will replace Joseph Friebe, whose planned retirement was announced in June.

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