Zara Puts Home Unit Online
Madrid, Spain, Spanish retail giant Inditex is set to launch online sales in its Zara home division, but a spokeswoman said the sale of its clothes on the Internet would not necessarily follow, according to a Reuters report.
Inditex announced on Wednesday it would begin selling Zara Home products online in 13 European countries next month. However, Zara home division’s move into the virtual world didn’t mean “that the rest of the group is going to do this kind of thing,” the spokeswoman said.
The company has been slow to join the Internet revolution shaking up the retail industry in the United States and Europe, but analysts believe it could add substantial sales if it moves online with its clothes, the report said.
Ross Stores August sales up 12%
PLEASANTON, Calif. Ross Stores today reported sales of $461 million for the four weeks ended Sept. 1, a 12% increase over the $410 million in sales for the four weeks ended Sept. 2, 2006. Same-store sales grew 4% for the month of August 2007, compared to a same-store sales increase of 3% for the four weeks ended Aug. 26, 2006.
For the seven months ended Sept. 1, sales were $3.32 billion, a 9% increase over the $3.04 billion in sales for the seven months ended Sept. 2, 2006. Comparable-store sales for the seven months ended Sept. 1 rose 2% over the seven months ended Sept. 2, 2006. Comparable-store sales rose 5% for the seven months ended August 26, 2006.
Michael Balmuth, vice chairman, president and ceo, commented, “Comparable-store sales in August were at the high end of our plan for a 2% to 4% increase. As expected, Texas and Florida were the strongest regions, benefiting from shifts in their sales tax holidays, which moved from July last year into August this year, as well as later back-to-school start dates. We estimate that the sales tax calendar shifts increased total reported comparable-store sales by at least 1% for the month. Looking ahead, we continue to forecast same-store sales gains of 1% to 3% for both September and October.”
Target to be exclusive seller of SNL album
UNIVERSAL CITY, Calif. Target stores will be the exclusive retailer of the first live album from Saturday Night Live in nearly a decade. Beginning Sept. 9, Target shoppers will be able to purchase the 11-track compilation, which features live performances SNL’s last four seasons by artists such as Avril Lavigne, Foo Fighters and Kelly Clarkson. The album is produced by NBC Universal and Broadway Video Enterprises and distributed by Sony BMG.
“We think this is a great way to present these artist’s frontline records in a unique format for our guests, “said Sue Peterson, senior music buyer for Target. “By creating this exclusive CD, we’re able to capture the excitement of SNL’s live performances and further position Target as a true entertainment destination.”