News

ISSAQUAH, Wash. — Costco's sales for October rose 9% to $7.67 billion from $7.01 billion during the similar period last year.

Total comps for the month increased 7%, consisting of a 7% increase in the United States, and a 9% increase internationally. Excluding the impact of fuel, U.S., international and total same-store sales increased by 5% each.

By Shelley E. Kohan, [email protected]

When reviewing month-to­month sales results, saw tooth performance of 2012 has left many retailers wondering the fate of holiday this year. Early predictions for holiday comp sales results have hinted to low single digits.

Philadelphia -- Destination Maternity Corp. announced that it has entered into a new $61 million revolving credit facility with Wells Fargo Bank, N.A.

The new credit facility replaces the retailer's $55 million revolving credit facility with Bank of America, N.A., which was due to mature on January 13, 2013.

PLANO, Texas — JCPenney has added limited-engagement collections from Lulu by Lulu Guinness, Jenny Packham and Double Happiness Vivienne Tam to its holiday assortment.

BENTONVILLE, Ark. — Walmart has launched its 2012 "12 Days of Giving" campaign by calling on Facebook users to once again nominate the nonprofits that are making an impact in their local communities and need support. Each of the "12 Days" will focus on a different giving theme, including hunger, military assistance and disaster relief.

New York -- As the holidays approach and retailers are still recovering from Hurricane Sandy, October same-store sales results showcased consistent strength in the department store category.

Nordstrom led the pack with a 9.8% rise in same-store sales for the month, and Macy’s Inc. had a solid showing as well.

BOCA RATON, Fla. — Tyco Retail Solutions, a provider of retail performance and security solutions sold direct and through authorized business partners worldwide, has expanded its portfolio of Sensormatic acousto-magnetic Electronic Article Surveillance (EAS) hard tags and alarming wraps. The newly available tags address many high theft, high velocity categories and give retailers a broad, comprehensive solution to protect their entire store, the company said.

The New Sensormatic Tag Portfolio includes:

By Bill Leber, [email protected]