News

Reston, Va. -- Online U.S. retail spending reached $38.0 billion for the first quarter, up 12% versus year ago, according to comScore. It marked the sixth consecutive quarter of positive year-over-year growth and second consecutive quarter of double-digit growth rates.

Dallas -- Transplace, a leading provider of transportation management services and logistics technology, announced that Anna’s Linens has selected the third-party logistics provider (3PL) as its 2010 Business Partner of the Year.

Anna’s Linens recognized Transplace, which manages all of the specialty retailer’s domestic transportation activities, for delivering supply chain improvements via the 3PL’s managed services solution and logistics technology.

Comfort and wellness-footwear products  manufacturer Aetrex Worldwide has opened its first retail store, in Englewood, N.J. Designed by Gensler, the store has an upscale look, and combines the latest in technology with eye-catching graphics, high-end millwork and a fitting areas shaped like the company’s corporate logo.

Organic growth initiatives come out on top (46%) when it comes to how to increase market share, followed by a mix of organic growth and M&A (22%) and primarily M&A (22%), according to a survey of 152 senior financial executives of global retail companies by KPMG International.

Starbucks CEO Howard Schultz told Britain’s Sky.com that the chain’s focus on improving its offerings and encouraging innovation as opposed to cost-cutting and store-closings are the reasons for its turnaround.

“You can’t “cut your way to prosperity,” Schultz said. “You have to create growth and opportunity.”

Menomonee Falls, Wis. -- Kohl’s Corp. said Thursday its first-quarter earnings rose 6%, helped by online sales and Easter demand in the Southeast.

Net income rose to $211 million from $199 million in the year-ago period. Sales in the quarter ended April 30 rose 3.1% to $4.16 billion. Same-store sales were up 1.3%.

Washington, D.C. -- Retail sales rose 0.5% in April after a 0.9% increase in March, the Commerce Department reported Thursday. It was the tenth straight increase and came as consumers spent more on gasoline, clothing and autos in April.

Much of the gain in April, however, came from a surge in gasoline and food prices. Excluding a 2.7% jump in gasoline sales, the increase was a much smaller 0.2%.

Grocery stores sales jumped 1.5% -- triple the March increase. That partly reflected higher food prices.

BELLEVUE, Wash. — Drugstore.com on Tuesday announced the expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to the proposed merger by which the company would be acquired by Walgreens in a cash transaction.

The deal previously was announced on March 24.

NEW YORK — Credit Suisse on Wednesday initiated coverage of General Nutrition Centers, the specialty retailer of supplement and nutritional products and partner with Rite Aid in a store-within-a-store program across more than 1,000 drug store locations.

MALVERN, Pa., and VIRGINIA BEACH, Va. — Building on the successful introduction of the nutrition iQ program to stores, two Supervalu banners announced that they will implement an education initiative designed to help grocery shoppers navigate the aisles with great-tasting foods that meet their nutritional needs.

Acme and Farm Fresh Food & Pharmacy said the Colors in Your Carriage initiative shoppers find quick-to-prepare, good-tasting solutions to fill the nutrient gaps highlighted in the 2010 Dietary Guidelines.