News

BURLINGTON, N.J. — Burlington Coat Factory Warehouse reported that net sales for the third quarter ended Oct. 27 were $967.8 million compared with $898.7 million for the comparative period ended Oct. 29, 2011, a 7.7% increase. Comparative-store sales increased 2.1% for the quarter.

New York -- With retail books closed prior to Hurricane Sandy’s arrival in the Northeast, most retailers experienced same-store sales gains for the month of October, some with stronger showings than others.

The 17 retail chains tracked by Thomson Reuters are predicted to report 4.3% growth in October same-store sales, up slightly over the 4.1% advance reported in the year-ago period and a significant gain over September’s 0.8% rise.

WAYNE, N.J. — Toys"R"Us is now offering customers the ability to shop online and pay for them in store, giving them the freedom to use cash or check, as well as credit, to make the purchase.

Los Angeles -- Survey results released Thursday by PriceGrabber revealed that 16% of consumers will shop using a mobile device during the holiday season, compared with 13% last year. Nearly all respondents indicated that they will do some online shopping from a computer.

The number of consumers who plan to visit brick-and-mortar stores dropped by two percentage points to 46% compared with last year.

Dodgeville, Wis. -- Canvas Lands' End is reinventing the pop-up concept by taking it online with the first-ever blog-up shop. The result is Arrivals, a virtual pop-up shop series curated by eight well-known fashion and lifestyle bloggers. Each shop will function as its own mini e-commerce site and will feature fall and holiday looks styled by the blogger in his or her unique style that readers can purchase.

VEVEY, Switzerland — Nestlé on Tuesday named Luis Cantarell head of Nestlé Nutrition with the departure of Kurt Schmidt, deputy EVP Nestlé Nutrition, who has decided to leave the company for personal reasons effective Dec. 1.

Cantarell will assume this role in addition to his current responsibilities as president and CEO of Nestlé Health Science. Between 2001 and 2005, he was in charge of Nestlé’s Nutrition Strategic Business Division.

Washington -- The National Retail Federation and more than a dozen of the nation’s most prominent retailers today asked a judge to reject a proposed class-action settlement of a federal antitrust lawsuit, saying it would not bring credit card swipe fees charged by Visa and MasterCard under control and does not give retailers who oppose it an adequate mechanism to opt out.

NCR Corporation got a big order from Walmart this week that will allow the retailer to expand its self-checkout capability and potentially attract shoppers turned off by Walmart’s long checkout lines.

NCR said it would be installing 10,000 of its SelfServ Checkout lanes in more than 1,200 Walmart stores. That works out to about eight self checkouts per store, although the companies didn’t provide details concerning Walmart’s installed base of self-checkouts.