Content about Retail Executive News

May 23, 2013
A.T. Kearney study: Retailers under-utilizing customer data

Leading retailers are much better than other retailers at collecting data, measuring activities, acting on their insights, and measuring again to see the results, according to A.T. Kearney’s 2013 Achieving Excellence in Retail Operations (AERO) Study.

May 23, 2013
Consumer confidence rises on economic optimism

A Thursday report by Bloomberg said that U.S. consumer confidence for the week ended May 19 advanced, indicating that Americans’ outlook on the economy is optimistic.

May 23, 2013
Limited Q1 profit advances, raises guidance

L Brands Inc., formerly known as Limited Brands, reported Wednesday that profit for the quarter ended May 4 surged 14% to $142.5 million, from $124.6 million last year.

May 23, 2013
Macy’s, Target file suit against Visa and MasterCard

A group of large U.S. retailers – including Macy’s, Target and J.C. Penney – filed suit against Visa and MasterCard on Thursday, abandoning a proposed $7.2 billion settlement reached last year over allegedly inflated credit card processing fees.

May 23, 2013
Ralph Lauren’s Q4 profit jumps 35%

Ralph Lauren Corp. reported a 35% jump in fourth-quarter profit as the retailer benefited from lower cotton prices.

May 23, 2013
Report: Delhaize looks to sell off Sweetbay and Harveys units

A Reuters report citing unnamed sources said that Belgian grocer Delhaize is looking to sell its U.S.-based Sweetbay and Harveys units as the Food Lion parent looks to ramp up cost-cutting efforts here.

May 23, 2013
Rue21 to be acquired by Apax Partners in $1.1 billion deal

Apax Partners will acquire the 900-store, teen apparel retailer Rue 21 in a deal valued at about $1.1 billion.

May 23, 2013
Study: More Hispanic shoppers use mobile than general market shoppers

A study released Thursday by The Integer Group and M/A/R/C Research found that 16% of Hispanic shoppers are using their mobile devices to make purchases, compared to 12% of general market shoppers.

May 22, 2013
BDO report: Retailers rate economy and regulatory as top risks

General economic conditions and federal, state and/or local regulations rank as the top two risks facing the retail industry, according to a new report by BDO USA.

May 22, 2013
Judge weighs injunction against Abercrombie & Fitch over store accessibility

A federal judge in Denver is considering an injunction after ruling that nearly 250 Abercrombie & Fitch stores, including its namesake and Hollister banners, are unfriendly to the disabled, the Associated Press reported.

May 22, 2013
Target Q1 profit plunges 29%; lowers full-year outlook

Target Corp. reported a 26% drop in its first-quarter profit as unseasonably cool weather, the payroll tax increase and other economic pressures took a toll on sales.

May 22, 2013
Wal-Mart hires Hill+Knowlton exec and former Bush advisor as VP of corporate affairs

Walmart announced that Dan Bartlett will become the company's new executive VP of corporate affairs in late June.

May 22, 2013
Zale swings to profit in Q3; names former CEO of Signet as chairman

Zale Corp. on Wednesday reported net income of $5.1 million for the third quarter, compared with a loss of $4.5 million in the year-ago period.

May 21, 2013
NFC -- Coming Soon to a Store Near You

By George Hoffman, FineLine Technologies, Inc.

May 21, 2013
Parago study: Shoppers seek deals

The hunt for the deal has grown significantly in the past year and is now a behavior consistently seen in shoppers from all demographics, according to an annual shopper study by Parago.

May 21, 2013
Saks Q1 sales increase, net income drops

Saks Incorporated reported a roughly 5% increase in total sales between first quarter 2012 and first quarter 2013, although net income dropped during that same time period.

May 21, 2013
Target tests video streaming service

Target Corp. is testing a video streaming service with internal employees.

May 20, 2013
Mall shoppers thrive on experience

Shopping malls continue to be popular with consumers because they offer hands-on shopping experience, according to results of a new survey from Glimcher Retail Monitor.

May 20, 2013
Smashburger plans expansion, possible IPO

Fast food hamburger chain Smashburger plans to more than double its nationwide store count to about 500 in the next few years. The chain currently runs about 200 locations across the US.

May 17, 2013
Another big loss for J.C. Penney as sales plunge 16.4%

J.C. Penney Co. reported a deeper-than-expected loss of $348 million for its first quarter, compared to $163 million in the year-ago period, amid a 16.4% decline in revenue.

May 17, 2013
Former Tuesday Morning CEO files discrimination lawsuit again ex-employer

Kathleen Mason, former CEO of Tuesday Morning, has filed a lawsuit against her ex-employer in Dallas District Court claiming discrimination.

May 16, 2013
Retailers Must ‘Think Visual’

Among the many albums released by legendary rock band The Kinks, “Think Visual” stands as a forgettable collection of generic hard rock songs released in the mid-1980s, when the British Invasion pioneers were long past their creative prime and worn down from years of infighting.

May 16, 2013
SDL Survey: Consumers expect same pricing, discounts and sales across channels

Sixty-nine percent of shoppers expect a brand’s online store, mobile app and physical store to offer same pricing, discounts and sales, according to a survey by SDL that looked at the mobile and social media habits of consumers in the United States, United Kingdom, Australia and Singapore.

May 16, 2013
ULI Report: Gen Y shoppers still flocking to stores

Despite being the most tech-savvy generation in history, Generation Y, the 80-million strong cohort of Americans between the ages of 18 and 35, has not forsaken shopping in stores for online purchasing – as long as retailers keep their offerings "fresh" and interesting, according to a new report from the Urban Land Institute (ULI).

May 16, 2013
Wal-Mart’s Q1 sales, profit disappoints; issues tepid Q2 outlook

Wal-Mart Stores on Thursday reported profit and sales that were just below Wall Street expectations as the giant retailer struggled with a number of issues that impacted its U.S. sales, from the payroll tax increase to an unseasonably cold spring to delayed tax returns.

© 2013