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The Hab, Mumbai

BY CSA STAFF

The art of sewing comes alive at The Hab, a one-stop shopping destination in Mumbai, India, for all things sewing. The colorful store offers a fresh and youthful take on one of retailing’s more staid, and slightly old-fashioned, categories, and more than lives up to its motto: “A hipper side of sewing.”

Owned by USHA International Ltd., which manufactures a wide range of consumer products, including sewing machines, The Hab (short for haberdashery) offers a comprehensive lineup of product. From threads, buttons and beads in all colors and sizes to laces and zippers to stitching tools and the latest in sewing machines, The Hab stocks anything and everything a sewer could ever need.

More than just sell product, The Hab is designed to inspire people to create, innovative and experience the art of sewing. A series of demo stations — each outfitted with the very latest sewing machines — allow for a hands-on experience. Experts are on hand to help customers create their own personalized fashions.

Along with the ongoing demos throughout the day, sewing classes and related design workshops are also available.

A neon-colored sewing machine installation in the front window sets the tone for the high-energy, modern interior. A spiral staircase takes shoppers to a library stocked with specialty books and international publications related to sewing, knitting and crafts.

The Hab was conceptualized and designed by architect Pinakin Patel and design firm Grandmother India Design.


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duyentran607 says:
Apr-18-2013 10:15 pm

More than just sell product, The Hab is designed to inspire people to create, innovative and experience the art of sewing. mayo clinic info about raspberry ketone

U.Ikad says:
Mar-28-2013 11:50 am

Mumbai is a place peoples thousand peoples come regularly to make there dreams true in different field in fashion world lot of designer come here and want to prove there self in the field of fashion some of them become successful and some not. Bollywood has biggest fashion industry of the world, maya123987http://www.bollyberg.com/category/bollywood-fashion

U.Ikad says:
Mar-28-2013 11:50 am

Mumbai is a place peoples thousand peoples come regularly to make there dreams true in different field in fashion world lot of designer come here and want to prove there self in the field of fashion some of them become successful and some not. Bollywood has biggest fashion industry of the world, maya123987http://www.bollyberg.com/category/bollywood-fashion

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Consumables boost Tractor Supply sales in Q4

BY CSA STAFF

BRENTWOOD, Tenn. — Tractor Supply Company reported that net sales for the fourth quarter increasedto $1.29 billion, or 3.7% over the prior year’s 14-week period.

Same-store sales increased 4.7% compared with a strong 7.6% increase in the prior-year period.The same-store sales increase was driven primarily by continued strong results in key consumable, usable and edible (C.U.E.) products, principally animal- and pet-related merchandise.

Net income for the quarter was $79.5 million, or $1.11 per diluted share, compared to net income of $70.5 million, or 96 cents per diluted share, in the fourth quarter of the prior year.

The company opened 25 new stores in the fourth quarter of 2012 compared to 31 new store openings in the prior year’s fourth quarter.

Greg Sandfort, president and CEO, stated, "Our fourth quarter performance demonstrates the underlying strength we have built in our business, while we continue to drive improved profitability through our strategic initiatives. Our core C.U.E. categories again posted solid increases above last year in both sales and units, and our ability to plan, prepare, execute and react quickly to the trends we are seeing in our business allowed us to deliver our 19th consecutive quarter of year-over-year transaction count increases. Our team executed exceptionally well, delivering a strong same-store sales gain of 4.7% on top of last year’s strong 7.6% comp increase, managing through less than ideal weather conditions for sales of cold weather products and despite less benefit from inflation than last year. We are also delighted with our ability to once again generate double-digit EPS growth during the fourth quarter on top of a strong double-digit increase last year."

For the full year, the company reported that net sales increasedto $4.66 billion, or 10.2% over the prior year’s 53-week period. Same-store sales increased 5.3% compared with an 8.2% increase in fiscal 2011.

For fiscal 2012, net income was $276.5 million, or $3.80 per diluted share, compared to net income of $222.7 million, or $3.01 per diluted share, for fiscal 2011.

The company opened 93 new stores and closed two stores during fiscal 2012 compared to 85 new store openings and one store closure during fiscal 2011.

Tractor Supply anticipates net sales for fiscal 2013 will range between $5.07 billion and $5.17 billion, with same-store sales expected to increase 3% to 5%.

The company projects fiscal 2013 full year net income to range from $4.32 to $4.40 per diluted share.

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NRF: Retailers unlikely to surcharge for credit card use

BY Staff Writer

Washington — Despite some groups’ claims, the National Retail Federation said that few, if any, merchants are expected to surcharge customers for using a credit card as theoretically allowed under a controversial proposed lawsuit settlement with Visa and MasterCard being debated in the courts.


“The ridiculous concept that merchants will start surcharging on any widespread basis is propaganda being spread by the card industry in an attempt to divert attention from their skyrocketing swipe fees,” NRF SVP and general counsel Mallory Duncan said. “The lawsuit sought to bring down swipe fees and the prices paid by consumers, not to increase prices. The card companies’ new surcharging proposal runs 180 degrees counter to the intent of the lawsuit.”

“While there conceivably could be exceptions, merchants in general have no intention of surcharging,” Duncan went on. “We have discussed the settlement with many of our members and other merchants, and not a single one has said they will surcharge.”

While the settlement would allow retailers to surcharge, a number of obstacles would prevent most merchants from actually doing so even if they wanted to:

Ten states representing 40% of all U.S. credit card transactions – California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas – prohibit surcharges by law.

Visa and MasterCard require a retailer to have the same card acceptance policies in all its stores. It is therefore questionable whether national chains or regional chains with stores in the 10 states above would be able to surcharge in the 40 other states.

“National and regional chains don’t want to surcharge and probably couldn’t,” Duncan said. “Small retailers are too busy running their stores to jump through the hoops required by Visa and MasterCard and could not afford the expense. The bottom line is that very few retailers would be able to surcharge, and the vast majority don’t want to surcharge even if they could.”

The surcharge provision is part of a proposed settlement announced in July in a federal antitrust lawsuit brought by merchants against Visa and MasterCard’s swipe fees. Averaging about 2%, swipe fees are a percentage of the transaction taken by banks each time a consumer swipes a credit card to pay for a purchase, and total about $30 billion a year nationwide. The fees have tripled over the past decade, but the settlement failed to take steps to bring them under control. The majority of the plaintiffs who brought the lawsuit have repudiated the settlement and have gone to court to block it from receiving final approval.

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