Hot Topic same-store sales fall in Sept.
San Francisco Hot Topic said Wednesday that its September same-store sales declined 4%.
Analysts expected same-store sales to fall 6.3%, according to Thomson Reuters.
Total sales for the five weeks ended Oct. 3 fell 2.5% to $59.3 million.
Report: DVDs not winning for Walmart
BENTONVILLE, Ark. As part of its effort to streamline the in-store experience, Walmart reportedly will no longer use display cases to promote the latest movies.
The Wall Street Journal reported that Walmart is changing its DVD selling strategy to correspond with its Project Impact initiative that focuses on giving more shelf space to top-performing categories and less to those that are slacking. In addition, the article noted that the company is looking to cut back on aisle clutter in order to attract a higher-end consumer.
Walmart, along with other retailers have been adding DVD rental kiosks near store entrances.
It appears from the report that DVDs are falling in the wrong end of Walmart’s “Win. Play. Show.” strategy.
From Project Runway to Macy’s
Project Runway designer Irina Shabayeva has won the opportunity to design a holiday dress for Macy’s INC International Concepts brand.
Part of Macy’s participation in Project Runway Season 6 was to create a challenge that would be judged by Martine Reardon, EVP Macy’s Inc. “It is tremendous to see what these young and talented designers can do in a very short time and with such imagination. Irina’s fresh take on fashion is the ideal fit for our INC brand,” said Reardon. “Our customer will love her ultra-feminine aesthetic.”
Shabayeva’s rayon matte jersey dress with butterfly embellishments will be available in sizes small through x-large, retailing for $139.00. Irina along with her model Katie Sticksel will be featured modeling the dress on macys.com.