FINANCE

Retail sales flat in August

BY Katherine Boccaccio

Washington, D.C. — A report released Wednesday by the Commerce Department said that retail sales were flat in August, the weakest showing in three months.

Apparel retail sales fell 0.7% in August, following a 0.3% decline in July. Department store sales declined 0.3%. General merchandise stores such as Wal-Mart and Target fared better, with 0.1% gains. Analysts said Hurricane Irene likely disrupted sales in late August along most of the East Coast.

The Commerce Department also said Wednesday that July retail sales were slightly weaker than first thought, rising 0.3% rather than the initial reading of 0.5%.

The lack of growth suggests consumer reaction to the fluctuating stock market and continued concerns about the economy.

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REAL ESTATE

Report: Victoria’s Secret set to debut in Russia

BY Katherine Boccaccio

Moscow — Multiple sources in Moscow on Wednesday said that Victoria’s Secret will open its first Russian store in Moscow on Sept. 30.

According to local paper Vedomosti Business Daily, experienced American brand franchisee Moneks will open four Victoria’s Secret stores in and around Moscow prior to year’s end.

Moneks Trading, which operates U.S. brands such as The Body Shop, Claire’s, Mothercare and American Eagle, is said to be opening a second Victoria’s Secret store in Moscow in October, a third in November and a fourth in December. Moneks has not formally commented on the openings.

Russia is a robust lingerie market, as sales last year in the category rose 12% to $5.23 billion, eclipsing results both in the United States and Europe.

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P.Lopez says:
Apr-10-2013 07:39 pm

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Eagle, is said to be opening a second Victoria’s Secret store in Moscow in October, a third in November and a fourth in December. Moneks has not formally commented on the openings. ChatRandom

P.Lopez says:
Apr-10-2013 07:39 pm

Eagle, is said to be opening a second Victoria’s Secret store in Moscow in October, a third in November and a fourth in December. Moneks has not formally commented on the openings. ChatRandom

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OPERATIONS

Family Dollar testing ShopperGauge Learning Lab

BY Staff Writer

Winston-Salem, N.C. — RockTenn and BVI Networks announced the debut of its first large-format ShopperGauge Retail Learning Lab at Family Dollar Stores.

The goal is to provide a state-of-the-art “learning laboratory” in a set of real stores where Family Dollar and its suppliers can test designs, displays and promotions with customers, ultimately improving the in-store shopper experience.

The 20-store testing environment is the first of its kind in the retail industry. The ShopperGauge in-store behavior monitoring system utilizes video and advanced analytics to automate the process of collecting and analyzing shopper behavior in real-time as shoppers move about the store, naturally interacting with brand messaging and displays.

The system then generates quantifiable metrics showing how many shoppers visited each location and which brands were most effective in engaging and converting them to purchase.

“The ShopperGauge Learning Lab will provide us with instant access to shopper insights, allowing us to incorporate the voice of the customer into our in-store merchandise and marketing decisions,” said Don Hamblen, senior VP, customer marketing, Family Dollar.

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