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Patriot, Knick to help Kmart promote Protege campaign

BY CSA STAFF

HOFFMAN ESTATES, Ill. — Kmart announced that Roger Mason, Jr. of the New York Nets and Deion Branch of the New England Patriots will be featured in the company’s social campaign for Protege, the company’s exclusive footwear and apparel collection.

During September, Kmart said its campaign aims to rally young men to give back to their communities and can be digitally signed on the Protege Facebook Page. The campaign will live online through a website displaying the Pledge, along with videos and links to the brand’s Facebook and Twitter pages. On Sept. 2, from 12 p.m. to 2 p.m. EDT, Mason, Jr. and Branch will tweet live utilizing the hashtag #protegemvp, to discuss the Pledge and ways to give back.

In addition to the Pledge, Kmart will donate $1 for each eligible pair of Protege shoes purchased through Dec. 31 split equally between the Amateur Athletic Union of America (AAU) and Boys & Girls Clubs of America, with a minimum donation of $100,000 to each charity. Protege is also a sponsor of the Steve Harvey Mentoring Weekend, engaging over 100 African-American men each weekend.

"Since the launch of the Protege brand, our team has been committed to giving back to the communities we serve," said Nick Grayston, president of Kmart’s footwear division. "And now through the Protege Movement, we have a great opportunity to help encourage young people to make a difference, and continue to support the message of giving back."

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News

Zale comps grow, offers customers gem of a finance deal

BY CSA STAFF

DALLAS — While Zale Corp. posted a nearly 10% comps increase for its fourth quarter, higher commodity costs lead to a wider net loss for the period. The company stands to gain even more in the way of sales, with additional financing options for its customers.

Zale Corp. reported that revenues for the quarter ended July 31 were $377 million, an increase of $32 million, or 9.4%, compared with $345 million in the same period last year. Comparable-store sales during the quarter ended increased 9.8%, compared with a decrease of 2.1% during the same period last year.

The company reported a net loss for the fourth quarter of$33 million, or $1.02 per share, compared with a net loss from continuing operations of $29 million, or 89 cents per share, in the comparable quarter last year.

Revenues for the year ended July 31 were $1.74 billion, an increase of $126 million, or 7.8%, compared with $1.62 billion in fiscal year 2010. Comparable-store sales for the fiscal year ended July 31, 2011 increased 8.1%, compared to a decrease of 6.6% for the fiscal year 2010.

For the fiscal year ended July 31, the company incurred a net loss from continuing operations of $112 million, or $3.49 per share, compared with a net loss from continuing operations of $96 million, or $2.99 per share, in fiscal year 2010.

“In fiscal 2011, we made substantial progress in the multi-year initiative to return to profitability,” commented Theo Killion, CEO. “The strength of our assortment, marketing and field organization position us well to navigate through the current economic environment.”

Zale also announced a new partnership with Monterey Financial Services to offer alternative financing options to its U.S. customers. The service is available for those customers whose credit applications have been declined by Zale’s main financing provider, Citibank.

“We are pleased to be able to expand our financing options so that even more guests can affordably purchase beautiful jewelry,” said Ken Brumfield, VP financial products for Zale Corp. “These offerings demonstrate our continuing effort to build long-term loyalty and sales for Zale.”

Zale Corp. operates approximately 1,830 retail locations throughout the United States, Canada and Puerto Rico, as well as online. Zale Corporation’s brands include Zales Jewelers, Zales Outlet, Gordon’s Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda.

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HOT CONCEPTS

The Melt, San Francisco

BY CSA STAFF

The Melt, a new quick-serve restaurant in San Francisco, is built around a basic but classic menu option: the grilled cheese and soup combination. But it leverages the latest technology to provide ordering convenience and innovative food preparation, delivering made-to-order grilled cheese sandwiches and soups in less than 90 seconds.

"Life is complicated enough…so a simple, affordable meal like grilled cheese and soup is an easy way to make people happy," said The Melt founder Jonathan Kaplan. The entrepreneur is best known as the founder of Pure Digital, creators of the Flip Video camcorder.

The sandwiches at The Melt are prepared on custom presses powered by radiant infrared heat to expedite cooking time and maximize flavor.

The format uses location-based mobile technology that allows customers to remotely order menu items from their computers and mobile phones. After ordering, the customer receives a QR code that can be scanned at the restaurant, enabling the customer to skip the line and quickly pick up their freshly-made order.

Designed by hospitality and architecture firm AvroKO, The Melt has a contemporary, streamlined look. It is eco-friendly, and made entirely of recycled materials from the walls to the floors. The company uses only plastic-free and independently BPI certified compostable packaging.

The Melt will open five locations in the Bay Area by the end of 2011 — with plans to expand to over 500 locations nationally by 2015. The new venture is backed by some major players. Apple retail guru and soon-to-be J.C. Penney CEO Ron Johnson is on the company’s board. Sequoia Capital’s Michael Moritz, chef and restaurateur Michael Mina and Benchmark Capital’s Bruce Dunlevie are also members of its board.

Click here for more Hot Concepts.

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B.Bretlee0035 says:
Apr-24-2013 05:06 am

the heart be thank the
the heart be thank the authors of shares. http://meratol.tripod.co.uk http://proactol.tripod.co.uk http://capsiplex.tripod.co.uk

B.Bretlee0035 says:
Apr-24-2013 05:06 am

the heart be thank the authors of shares. http://meratol.tripod.co.uk http://proactol.tripod.co.uk http://capsiplex.tripod.co.uk

P.Lopez says:
Apr-10-2013 11:24 am

Chatrandom
The format uses location-based mobile technology that allows customers to remotely order menu items from their computers and mobile phones. Chatrandom

P.Lopez says:
Apr-10-2013 11:24 am

The format uses location-based mobile technology that allows customers to remotely order menu items from their computers and mobile phones. Chatrandom

C.Floz says:
Nov-30-2012 11:55 am

Despite the complexities of
Despite the complexities of our life today, it is so welcome to know that grilled cheese and soup is still served in the busy metropolis. Good job guys. - Theodore Stroukoff

C.Floz says:
Nov-30-2012 11:55 am

Despite the complexities of our life today, it is so welcome to know that grilled cheese and soup is still served in the busy metropolis. Good job guys. - Theodore Stroukoff

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