News

WASHINGTON — The National Retail Federation is hoping to dispel fears that merchants are expected to surcharge customers for using a credit card as theoretically allowed under a controversial proposed lawsuit settlement with Visa and MasterCard being debated in the courts.

INDIANAPOLIS — Lackluster performance in the video space ontinues to impact Hhgregg's sales and earnings results, causing the retailer to focus on more lucrative categories.

The electronics retailer reported net income of $17.4 million, or 51 cents per diluted share, for the third quarter ended Dec. 31, 2012, compared with net income of $22.5 million, or 60 cents per diluted share, for the comparable prior year period. 

NEW YORK — Samsung Electronics has partnered with New York-based designer to create the industry's first co-created print inspired by crowd-sourced sketches and images using the Galaxy Note II. The print will appear on a limited-edition bag that will be sold in key markets around the world to raise funds for Art Start, an award-winning, nationally-recognized charity that uses the arts to nurture the creative talents of at-risk children and youth. 

CAMP HILL, Pa. — Rite Aid reported a slight increase in same-store sales for the month of January, thanks in part to strong sales of flu products.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that same-store sales for the month of January edged up 0.3%, boosted by a 4.2% rise in front-end sales for the month along with increased prescription counts.

Total sales for the four-week period decreased 0.5% to $1.914 billion.

The art of sewing comes alive at The Hab, a one-stop shopping destination in Mumbai, India, for all things sewing. The colorful store offers a fresh and youthful take on one of retailing’s more staid, and slightly old-fashioned, categories, and more than lives up to its motto: “A hipper side of sewing.”

GREEN BAY, Wis. — Shopko has completed the conversion of 163 Pamida stores. The move makes Shopko one of the largest U.S. retailers to serve smaller and rural communities. The merger was first announced one year ago this month.  

Mooresville, N.C. -- Lowe’s Cos. has named Stephen Szilagyi to the post of supply chain executive, reporting to Rick Damron, COO.

In his new role, Szilagyi will oversee Lowe’s logistics and distribution network that expedites the replenishment of merchandise and supplies to all Lowe’s stores.

Szilagyi has more than 25 years of supply chain experience, including leadership roles prior to Lowe’s in wholesale distribution and retail/consumer products supply chain consulting services.