News

No surprise that traffic to retail websites falls off appreciably in February after the big holiday surge, but Target really took it on the chin and nearly fell out of online measurement firm comScore’s ranking of the top 50 U.S. Web properties.

NEW YORK — Macy’s on Wednesday outlined a new initiative to grow its business with the Millennial generation (ages 13 to 30). The group spends an estimated $65 billion each year for the type of goods sold at Macy’s.

All retailers want to be perceived as great places to work and build a career as it aids in recruitment and retention of employees in an industry where costs associated with notoriously high rates of turnover cause a drag on performance.

WASHINGTON — The National Retail Federation has named Ellen Davis SVP and executive director of the NRF Foundation, the education and research arm of NRF.

By Theodore J. Kobus III, Esq., [email protected]

MEMPHIS — Regional discounter Fred’s made good on its promise of a year ago to further expand a new merchandising initiative, but an intensely competitive market made fourth-quarter sales tough to come by.

Philadelphia -- A Wednesday report by Reuters said that discounter Five Below is said to be considering an initial public offering. 

The report, citing unnamed sources, said that the Advent International- and LLR Partners-owned chain has hired underwriters and is in discussions with bankers.

Five Below is in a growth mode and could potentially command a market valuation of over $1 billion.

San Mateo, Calif. -- Coupa Software said Monday that sandwich chain Quiznos, India, will deploy its cloud spend optimization software service in the region.

Apollo Elixirs Pvt., Ltd., a master franchisee of Southern India, selected the Coupa for Retail e-procurement solution based on its ability to harness the stores’ collective spend intelligence and predict the future purchasing needs of each Quiznos location.