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May 18, 2012
Bill reverses right of New Jersey to claim unused gift card

A 2010 law that gave the state of New Jersey the authority to claim the value of unused gift cards as revenue has been repealed by the state’s Senate Budget and Appropriations Committee, according to the Newark Star-Ledger.

May 18, 2012
Casual Male profit falls 45% on higher tax rate

First-quarter net income dropped 45% at Casual Male Retail Group Inc., hurt by a higher tax rate.

May 18, 2012
GameStop Q1 profit slides on weak demand

GameStop said that net income for the quarter ended April 28 slid to $72.5 million, from $80.4 million in the same period last year, negatively impacted by weakened demand in the video game market.

May 18, 2012
Gartner: Measuring ROI critical to social CRM initiatives

Although the adoption of social media by sales, marketing and customer service departments continues to grow rapidly, by the end of 2012, only 50% of Fortune 1000 companies will receive a worthwhile return on investment from their social customer relationship management (CRM) initiatives, according to Garner.

May 18, 2012
Hibbett profit increases 24%; opening 55 to 60 stores

Hibbett Sports Inc. said that its fiscal first-quarter net income increased 24% on higher demand for sneakers and other athletic gear.

May 18, 2012
Kirkland profit plunges 38%

Kirkland's first-quarter profit dropped 38% amid promotions and price cuts.

May 18, 2012
Regal Cinemas to open at Trails Town Center

Fort Worth, Texas-based Buxton said that Regal Entertainment Group will open a new Regal Cinemas at The Trails Town Center, located in Benbrook, Texas.

May 18, 2012
Report: Sainsbury in talks to license brand match technology

J. Sainsbury Plc is in talks with retailers in the United States and South America to license the technology behind Sainsbury’s Brand Match, a price promise that has fueled sales outperformance, according to a report by Bloomberg.

May 18, 2012
Safeway launches online and mobile savings tool

Safeway launched an online and mobile shopping program, called Just for U, in the company's Oregon and Washington divisions.

May 18, 2012
Save-A-Lot opens in Atlantic City

Discount grocer Save-A-Lot, a wholly-owned subsidiary of Supervalu, opened its first store in Atlantic City, N.J., on May 17, becoming the first full-service grocery store within a 21-mile radius of the city.

May 18, 2012
Starbucks announces management changes to accelerate growth

Starbucks Corp. announced a series of management changes that it said it was undertaking to accelerate its innovation and growth.

May 18, 2012
Subway plans 1,200 stores for 2012, making deals at RECon

Sandwich mega-chain Subway said that it has set 2012 development goals of 1,200 North American locations and, toward that end, said a large contingent of company representatives will be in attendance at the International Council of Shopping Centers’ RECon event in Las Vegas, May 20-23.

May 18, 2012
Weis Markets breaks ground on what will be its first LEED-certified store

Weis Markets on announced it has begun the construction of an environmentally innovative 65,000-sq.-ft. superstore in Fogelsville, Pa.

May 17, 2012
Foot Locker names COO

Foot Locker Inc. said Thursday that current executive VP and retail group president Richard Johnson as been promoted to COO, giving the company veteran operational oversight of all the retailer’s banners. The appointment is effective immediately.

May 17, 2012
Aeropostale profit down 65%

Aeropostale said that net income for the first quarter narrowed to $10.6 million, from $16.4 million in the same period last year.

May 17, 2012
Buckle Q1 net income up 13%

The Buckle Inc. reported Thursday that profit for the quarter ended April 28 increased 13% to $37.8 million, compared with $33.5 million in the year-ago period, as shoppers spent more in the teen retailer’s stores and online.

May 17, 2012
Cato Q1 profit edges up 4%, raises outlook

Women’s apparel retailer Cato Corp. said that first-quarter profit rose 4% to $31.7 million, from $30.5 million last year, prompting the company to raise its full-year profit forecast.

May 17, 2012
Charlotte Russe selects Innotrac for e-commerce fulfillment, contact center solutions

Commerce solution provider Innotrac Corp. said that Charlotte Russe has selected it to provide fulfillment and contact center solutions for the retailer’s growing e-commerce business.

May 17, 2012
Children's Place profit slides 19%, beats Street

The Children's Place reported that net income for the first quarter slid 19% to $23.6 million from $29.1 million last year, but beat Wall Street forecasts and prompted the retailer to raise the low end of its full-year outlook.

May 17, 2012
Gap Q1 profit beats Street

Gap Inc. said that profit for the quarter ended April 28 was flat compared with the year-ago period, but its results beat Wall Street forecasts and prompted the retailer to raise its outlook for the year.

May 17, 2012
Life is good leverages Demandware platform

E-commerce solution-provider Demandware said Wednesday that lifestyle brand Life is good has selected Demandware Commerce as the central platform to support its digital growth strategy.

May 17, 2012
Limited Brands Q1 profit slips, still beats Street

Limited Brands Inc. reported a first-quarter profit of $124.6 million, compared with $165.2 million in the year-ago period. Results topped Wall Street estimates.

May 17, 2012
Pacific Sunwear narrows loss in Q1

Pacific Sunwear of California reported a loss of $15.6 million, narrowed from a loss of $28.7 million in the year-ago period.

May 17, 2012
Ross profit rises 21% in Q1, increases long-term store growth outlook

Ross Stores reported that net income for the first quarter surged 21% to $208.6 million, from $173 million in the same period last year.

May 17, 2012
Silver Jeans Co. to expand U.S. store presence, names head of retail

Canadian denim company Silver Jeans Co. said it will expand its branded stores in the United States, and has created a new retail division to execute the strategy.

© 2012