OPERATIONS

Report: Target promotion with Neiman Marcus not off to spectacular start; in-store execution lacking

BY Marianne Wilson

New York — Early reports indicate that Target Corp.’s holiday promotion with Neiman Marcus is not off to the spectacular start that many industry experts had expected. The promotion includes some 50 gift items featuring works of 24 well-known designers from Marc Jacobs to Diane von Furstenberg to Judith Leiber.

“We were disappointed by in-store execution. The collection was tucked in the back of the store, shelves were full and messy, and we saw little traffic.” said Citigroup analyst Deborah Weinswig, in a MarketWatch report. Weinswig visited Target in New York.

In a Target store in suburban New Jersey (Clark), the collection was in the rear of the store, close to the fitting rooms. The apparel part of the collection was tightly packed together on display fixtures.

In the MarketWatch report, J.P. Morgan analyst Christopher Horvers sounded a note of optimism, and noted the collection, which officially launched on Dec.1, occurred at a time when there is typically a lull during the holiday shopping period. He said several items on Neiman Marcus’s website were listed as sold out.

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S.King says:
Jun-17-2013 09:30 am

This is very informative post
This is very informative post and helpful for those who are searching for it.I away get wonderful information from your blog.I hope you will provide more information in future.Thank you for sharing. Topes estacionamiento

S.King says:
Jun-17-2013 09:30 am

This is very informative post and helpful for those who are searching for it.I away get wonderful information from your blog.I hope you will provide more information in future.Thank you for sharing. Topes estacionamiento

duyentran607 says:
Apr-20-2013 10:57 pm

ChatRandom
In a Target store in suburban New Jersey (Clark), the collection was in the rear of the store, close to the fitting rooms. The apparel part of the collection was tightly packed together on display fixtures.ChatRandom

duyentran607 says:
Apr-20-2013 10:56 pm

ChatRandom
In a Target store in suburban New Jersey (Clark), the collection was in the rear of the store, close to the fitting rooms. The apparel part of the collection was tightly packed together on display fixtures.ChatRandom

P.Lopez says:
Apr-10-2013 10:48 am

ChatRandom
The promotion includes some 50 gift items featuring works of 24 well-known designers from Marc Jacobs to Diane von Furstenberg to Judith Leiber. ChatRandom

P.Lopez says:
Apr-10-2013 10:48 am

The promotion includes some 50 gift items featuring works of 24 well-known designers from Marc Jacobs to Diane von Furstenberg to Judith Leiber. ChatRandom

C.James says:
Mar-29-2013 04:38 am

To inform and remind
To inform and remind customers about the products and services offered, promotion is an essential element in the business. - Kale Flagg

C.James says:
Mar-29-2013 04:38 am

To inform and remind customers about the products and services offered, promotion is an essential element in the business. - Kale Flagg

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FINANCE

Conn’s swings to Q3 profit

BY Staff Writer

The Woodlands, Texas — Conn’s returned to a profit in its third quarter as the chain booked fewer charges and sales of furniture and mattresses improved. The company raised its fiscal 2013 forecast.

Conn’s, which also sells home appliances, consumer electronics and other items, posted a better-than-expected net income of $11.8 million for the three months ended Oct. 31, compared with a net loss of $12.7 million in the year-ago period.

Revenue increased 11% to $206.4 million from $186.6 million. Same-store sales rose 12.6%.

The recent quarter included about $1.4 million in charges related to extending and expanding its borrowing capabilities and moving its headquarters to The Woodlands, Texas. The prior-year period included about $19.2 million in charges.

Separately, the retailer said that it is selling about 1.4 million, and certain shareholders are selling about 3.6 million shares in a public offering that started Monday.

Conn’s said that it will give the underwriters a 30-day option to buy up to about 750,000 shares to cover any excess demand.

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REAL ESTATE

Chestnut Hill Shopping Center renamed ‘The Street’

BY Staff Writer

Chestnut Hill, Mass. – To better reflect its transformation into a walkable retail destination that seeks to be the new downtown in the heart of Chestnut Hill, Mass., the Chestnut Hill Shopping Center has been renamed "The Street," owner/manager WS Development announced today.

With nearly ½ mile of frontage along Route 9, The Street was one of New England’s first shopping centers when it opened in 1950. The Street’s redevelopment continues to place it at the forefront of retail destinations both locally and beyond.

“Chestnut Hill Shopping Center was part of a then-revolutionary wave of retail projects opening around the country just after World War II,” said Jeremy Sclar, president, WS Development. “Today, however, the project has a new, powerful, cutting-edge, configuration and mix of specialty shops and restaurants. Rebranding it as “The Street’ more accurately reflects the sophisticated offerings and urban experience our customers will experience.”

The Street features a mix of national, regional and local retailers that offer fashion, casual and fine dining options, a state-of-the-art fitness center, and the best boutique cinema in Greater Boston. Coming soon are Showcase Super Lux featuring Davio’s Cucina, The Sports Club/LA, Polarn O. Pyret, Pottery Barn, lululemon athletica, Shake Shack, Pinkberry, Del Frisco’s, Bernard’s, Treat Cupcake Bar, Styled, and many others soon to be announced. New tenants will join an already robust lineup including The Container Store, Legal Sea Foods, Aquitaine, The Cottage, Star Market, City Sports, Portobello Road, Urban Grape, EyeSpot, Comella’s, Angora Ice, and others.

The phased redevelopment, designed by Cambridge, Mass.-based Prellwitz/Chilinski Associates, is expanding and transforming the project into a town center complete with tree-shaded pedestrian walkways, outdoor dining, and new buildings with glass facades overlooking Hammond Pond. For the first time, storefronts will line both the south side facing Route 9 as well as the north side facing the Pond.

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