OPERATIONS

Report: Shooter terrorizes Garden State Plaza, Paramus, N.J.; kills self

BY Marianne Wilson

Paramus, N.J. – A lone gunman who entered the Garden State Plaza in Paramus, N.J., with an assault rifle the evening of Nov. 4 and went on an hours-long shooting rampage has reportedly been found dead of what appears to a self-inflicted gunshot wound. According to the Newark Star-Ledger, the body of 20-year-old Richard Shoop of Teaneck, N.J., was found by authorities at 3:20 a.m. on Nov. 5 in an area of the mall usually not accessible to customers.

Shoop, who authorities described as an unemployed known drug abuser who may have had a criminal record, reportedly entered the mall, which includes more than 300 stores, with a .22 assault rifle and spent several hours roaming around, firing at least six bullets. He did not kill or injure any shoppers or police and several customers said he did not shoot them although he had opportunity, leading police to believe his intention was to cause his own death without hurting anyone else.

Shoop borrowed the gun without permission from his brother, who legally owned it. Police evacuated customers and employees from the mall throughout the night in small groups as they searched the entire complex for him.

(AP Photo/Julio Cortez)

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
REAL ESTATE

Target makes a splash with pop-up in Grand Central Station

BY Staff Writer

New York — Target is celebrating the launch of Sonia Kashuk’s new line bath and body products collection with a larger-than-life art installation and pop-up store in New York City’s Grand Central Station. The centerpiece of the space is a gleaming white bathtub on a platform that is raised some eight feet off the floor. A live model sits in the tub, which is surrounded by bubble-like balloons.

The new line, which includes shower gels, body lotions, loofas and shower caps, is on display in the pop-up and available for sale.

In tandem with the launch, the brand is running an Instagram contest: Four winners who tag #skbody will be entered to win "a full scent family of products."

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Weak retail climate dims LeapFrog’s holiday view

BY CSA STAFF

LeapFrog Enterprises is rolling into the holiday with its strongest product lineup ever but concerns about consumer spending have the leading educational entertainment company tempering its view of fourth quarter sales.

LeapFrog just reported sales for the third quarter ended September 30, that increased 4% to $201 million due to shipments of products such as LeapPad Ultra, LeapPad2 Power, LeapPad 2 holiday bundles and LeapReader. However, much of the company’s growth was driven by international sales which increased 14% to $54.2 million including a 3% negative impact from currency exchange rates.

Domestically, sales were up 1% to $146.8 million. Profits on an adjusted basis to account for non-recurring expenses increased 19% to $26.8 million, or 38 cents a share, from $22.5 million, or 32 cents a share, the prior year.

“Despite a tough retail climate in most of the markets in which we operate, the LeapFrog team delivered another solid quarterly financial performance,” CEO John Barbour said of the company’s performance. “We head into the all-important holiday season with the best product offering we have ever had. We have hundreds of new pieces of life-changing educational entertainment content, an expanded learning tablet line with LeapPad Ultra, LeapPad2 Power, LeapPad2 and our LeapPad exclusive holiday bundles, a new learn-to-read-and-write line with LeapReader and new learning toys such as Read With Me Scout & Violet.”

As is often the case, LeapFrog brands products tend to be featured on most of the top toy lists retailers generate for the holiday and the company continues to win accolades from consumer and independent experts.

“We are well-positioned for the holidays with improved in-stocks, stronger retail promotions and greater marketing investment during the highest-volume shopping weeks. At the same time, we see a weak retail climate and growing concern surrounding this holiday season, especially in the U.S.,” Barbour said.

LeapFrog CFO Ray Athur echoed the concerns of his boss.

“While our financial performance to date has met our expectations, we are concerned about the fourth quarter given economic headwinds and a weak retail environment,” Arthur said. “Additionally, the holiday season will be more challenged and trend later in the U.S. this year compared to last year with six fewer shopping days between Thanksgiving and Christmas, and two fewer weekend shopping days.”

Those concerns caused the company to adjust its full year outlook with sales now projected to range from $570 million to $590 million, which could leave the company with either a 2% increase or decrease compared to last year’s sales of $581 million. Earnings per share are forecast to range from 36 cents to 46 cents, below last year’s profit of 56 cents a share.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...