Foot Locker completes acquisition of Runners Point
New York — Foot Locker said that it has completed its previously announced acquisition of Runners Point Group, the specialty athletic store and online retailer based in Recklinghausen, Germany. The results of the two companies will be combined with an effective date of July 7, 2013.
Runners Point Group operates more than 200 athletic retail stores, principally in Germany under the Runners Point and Sidestep banners, as well as an online business. It had sales in 2012 of $254 million.
The acquisition of Runners Point Group significantly expands Foot Locker’s European footprint, where it already operates more than 600 Foot Locker stores and had revenue of more than $1 billion in 2012.
Strong growth in merchandise imports to resume in fall
Washington, D.C. — Import volume at the nation’s major retail container ports is expected to increase a modest 1.1% in July over the same month last year, but a slow summer should be followed by significant increases as retailers head into the holiday season this fall, according to the monthly Global Port Tracker report released Wednesday by the National Retail Federation and Hackett Associates.
“With the economy recovering slowly, retailers have been cautious with imports this summer but it’s clear that they expect an upturn later in the year,” NRF VP for supply chain and customs policy Jonathan Gold said. “Import numbers have been close to flat since spring, but we expect to see stronger increases this fall.”
Cargo import numbers count only the number of cargo containers brought into the country, not the value of the merchandise inside them. But the amount of merchandise imported nonetheless provides a rough barometer of retailers’ expectations. U.S. ports followed by Global Port Tracker handled 1.38 million Twenty-foot Equivalent Units in May, the latest month for which after-the-fact numbers are available. That was up 1.2% from April.
June was estimated at 1.37 million TEU, down 0.7% from a year ago. July is forecast at 1.43 million TEU, up 1.1% from last year; August at 1.45 million TEU, up 1.7%; September at 1.44 million TEU, up 2.4%; October at 1.46 million TEU, up 9.1%; and November at 1.38 million TEU, up 7.3%. The first six months of 2013 totaled an estimated 7.8 million TEU, up 1.2% from the first half of 2012. The total for 2012 was 15.8 million TEU, up 2.9% from 2011.
Despite the projected increase in imports, Hackett Associates founder Ben Hackett said actual results will hinge on consumer confidence.
“Consumer sales remain relatively weak compared with GDP,” Hackett said. “If consumers do not turn their confidence into purchases then import volumes will drop.”
Global Port Tracker, which is produced for NRF by the consulting firm Hackett Associates, covers the U.S. ports of Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Hampton Roads, Charleston, Savannah, Port Everglades and Miami on the East Coast, and Houston on the Gulf Coast.
Macy’s courts back-to-school shoppers on social media
NEW YORK — Macy’s is getting social, and that’s the place to be when reaching out to potential shoppers who are getting ready to go back to school.
The retailer is offering students an interactive shopping experience that allows them to connect with one another and stay current on the latest trends and events. To drive traffic into its brick-and-mortar and e-commerce site, the retailer is complementing savings on popular brands with social programs, Facebook and Twitter sweepstakes, family-oriented activities and a charitable partnership with Reading Is Fundamental.
“Macy’s is a favorite destination during the back-to-school season,” said Martine Reardon, Macy’s CMO. “Whether buying on a budget or looking for the brands you love, Macy’s is your one-stop shop for everything needed to head back in style. In addition to great fashion, we’ve also added exciting partnerships with hit television series, music acts and style-setters to add even more fun to the Macy’s shopping experience for our customers.”
Macy’s is courting the college crowd with a landing page that offers them “a crash course in dorm essentials” such as bedding and bath to décor and organization must-haves. The page offers students inspiration, shopping tips and a printable checklist with a simple click and allows them to create and share wish lists with their Facebook and Twitter networks or via e-mail. Students are also encouraged to text DORM to 62297 or on the page between now and July 31 for a chance to win a $500 Macy’s gift card.
Macy’s is courting parents of younger students as well with a first day of school photo sweepstakes on its Facebook page. The retailer is encouraging parents to upload photos of their children, ages 5 through 10, on their first day of school for the chance to win a $500 Macy’s gift card. The sweepstakes runs from Aug. 13 through Sept. 11. Five winners will be chosen.
The retailer has also designated Saturday, Aug. 10 as Teen Vogue Back-to-School Saturday, a one-day shopping event marketed at the back-to-school crowd. At select Macy’s locations nationwide, consumers can shop will being treated to sweets and music. Shoppers who spend $50 in the Mstylelab department will receive a MINI emergency kit jam-packed with necessities like lip balm, mints and a sewing kit while supplies last. Customers can also enter for a chance to win a trip to New York City, including an mstylelab shopping spree and a style consultation with a “Teen Vogue” Style Expert at teenvogue.com/mstylelab.
Macy’s and Reading Is Fundamental are partnering for the 10th year and deliver its 10 millionth book to children in need through the Be Book Smart campaign. The campaign invites Macy’s customers coast-to-coast to give $3 to help provide a book for a child in their local communities. Now through July 21, customers who make a $3 donation to RIF will receive a coupon for $10 off an in-store purchase of $50 or more, and Macy’s will donate 100% of every $3 ticket to RIF.
Click here to see additional events and promotions that will take place in July.