Walgreens sales fall 2.1% in October
Deerfield, Ill. — Walgreens on Monday reported October sales of $6 billion, down 2.1% compared with October 2011. The results include the brunt of the impact from Hurricane Sandy — at the peak of the storm, approximately 750 of 1,400 stores in the impacted area were closed, Walgreens said. Nearly all of those locations have since reopened.
Total same-store sales were down 5.9%.
The chain also announced that its new Balance Rewards loyalty program, which has been available for only six weeks, has signed more than 28 million customers through Oct. 31.
Virtual Piggy’s digital distribution channel adds Barnes & Noble, Sephora
Hermosa Beach, Calif. — Virtual Piggy announced that it has expanded its digital distribution channel with the addition of Barnes & Noble and Sephora to its online store.
Virtual Piggy allows parents to set up a monthly allowance for their children and promotes financial management while empowering U21s to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by their parents.
Narcisco Rodriguez arriving at Kohl’s
MENOMONEE FALLS, Wis. — Kohl’s Department Stores has announced that the Narciso Rodriguez for DesigNation collection will be available nationwide on Nov. 7 at 7 a.m.
The limited edition, limited time collection is the first in the company’s DesigNation concept which features fashions from premier designers based on international destinations. Inspired by a trip to Istanbul, the Narciso Rodriguez collection melds the designer’s simple, sophisticated esthetic with the vibrancy of the Turkish culture, creating a collection that epitomizes exceptional design at incredible value.
The contemporary collection of rich fabrics, bold prints and chic silhouettes will feature misses’ outerwear, dresses, skirts, pants and shirts with retail prices ranging from $30 to $150. To give consumers even more options, the company is launching more than 30 exclusive styles and colors that will be available only on Kohls.com.
“Kohl’s is thrilled to launch the first DesigNation collection this holiday season, giving our consumers even more access to world-class designer fashions at a price point they can afford,” said Don Brennan, Kohl’s chief merchandising officer. “Narciso Rodriguez for DesigNation delivers extraordinary quality, design and selection. With more than 100 pieces in the collection, our customers will have an unbelievable selection to choose from just in time for holiday.”
Kohl’s second DesigNation collection will feature fashions from Derek Lam who will draw creative influence from his trip to Rio de Janeiro, Brazil. The collection, featuring misses’ apparel and swimwear, will be available nationwide in April 2013 exclusively at Kohl’s and Kohls.com. Kohl’s will launch multiple DesigNation collections annually featuring a different world-class designer, and marrying his or her aesthetic with influence from select international destinations.