REAL ESTATE

The Body Shop continues global expansion efforts

BY Deena M. Amato-McCoy

The Body Shop is staking a new claim in South American as it opens its first location in Chile.

Lured by a population of 17.8 million, and a stable and prosperous customer base, The Body Shop’s new store is located in Santiago, Plaza Egaña Mall — a property that is called the most sustainable mall in Chile.

The new store will feature global iconic products, such as Shea body butter and the Vitamin E line, as well as new favorites, like Oils of Life facial oil and Drops of Youth.

Chile was a natural expansion choice as the company has strong connections to Latin America, including nine Community Trade suppliers that are located in the region.

“After opening in Mexico in 1993, and Brazil in 2014, Chile is our third market in Latin America,” said Paul Kimberley, The Body Shop's director for Latin America. “We are convinced the region offers growth potential and opportunities for development.”

Besides working with colleagues in L'Oréal Chile to gain regional expertise and customer insight, the brand will work directly with the local communities to source some of its ingredients.

“We are committed to protecting and enriching these precious parts of the world, and supporting the communities who live there,” Kimberley added.

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FINANCE

Sales rise at Dollarama, beating expectations

BY Deena M. Amato-McCoy

While some specialty chains struggle to meet earnings predictions, Dollarama reported better-than-expected second quarter results. The Montreal-based discount chain’s net income was $106.4 million for the second quarter of fiscal 2017, ended July 31, 2016 — up 11.4% from $95.5 million for the same period last year.

Sales increased 11.6% to $729 million for the 13-week period, up from $653.3 million a year ago. For the quarter, same-store sales grew 5.7% over the previous year; average transaction sizes increased 4.6%, and the number of transactions climbed 1.0%.

Dollarama credited the gains to “the careful execution of our merchandising strategy, and the implementation of operational improvements,” Neil Rossy, the chain’s president and CEO said in a company statement.

Store growth is also on the rise, with 1,051 stores open as of July 31, 2016, compared to 989 stores on August 2, 2015. The discount chain is on pace to open 60 to 70 new stores by the end of its fiscal year, Rossy added.

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ECOMMERCE

PREIT installs Amazon lockers at 15 malls

BY Al Urbanski

PREIT unveiled Amazon lockers at 15 of its mall locations on the East coast, making it one of the first mall owners to engage in this most physical of online-offline integrations.

Amazon shoppers who choose the locker option when checking out are notified when their packages have been delivered and can go to the locker location to pick them up. Consumers gain an added convenience and mall tenants get Web shoppers in their stores.

“To team up with Amazon to offer a first-of-its-kind, multi-location Amazon Locker installation at some of our malls is a great milestone,” said PREIT CEO Joseph Coradino. “We fully embrace the growing intersection of physical and digital retail, and through this program, are expanding our shopper base to welcome new consumers to our properties.”

Amazon has been rolling out its locker program in varied outlets the last few weeks. Other places they’ve popped up include Portland Plaid Pantry stores in Oregon and Shoppers Food Stores in Maryland.

The curious can check out Amazon lockers at the following PREIT properties:

Maryland: Francis Scott Key Mall, Mall at Prince Georges, Valley Mall

Massachusetts: Dartmouth Mall

New Jersey: Cumberland Mall, Hudson Mall, Moorestown Mall

Pennsylvania: Beaver Valley Mall, Capital City Mall, Exton Square Mall, Plymouth Meeting Mall, Shops at The Bellevue, Willow Grove Park

Virginia: Patrick Henry Mall, Springfield Town Center


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