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MINNEAPOLIS – Target Corp. plans to aggressively expand its grocery business and also move into urban markets.
WARRENDALE, Pa., Sept. 27, 2010 (GLOBE NEWSWIRE) -- rue21, inc.
Jewelry company Zale Corp. narrows its 2010 fiscal year net loss even as revenue fell 9.2 percent during the year. The Irving-based jewelry company posted a net loss of $94 million, or $2.92 per share, on revenue of $1.62 billion.
Wal-Mart, the world’s largest retailer, is adding thousands of items to its shelves, including inexpensive ones, and is asking dollar-store suppliers to create small, under-a-dollar packages for its stores, too. In areas with high unemployment, Wal-Mart is grouping together its less than $1 items in a clear challenge to the dollar stores.
Online activity will influence in-store shopping this holiday season, as social networks and mobile applications are playing a more prominent role in the shopping process. As such, retailers should seek to deliver tightly-integrated and consistent merchandise, inventory and promotional messages to customers moving between Web-based and physical storefronts, a Deloitte study suggests.
Target Corp. will open its first store under its new small urban format in Seattle in 2012. The chain plans to launch the smaller-store concept in 10 additional urban markets in the next few years.
Saks Fifth Avenue is driving consumers in-store via an offer for Nars lipstick after checking into any of the retailer’s participating locations on Foursquare.
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Retailers like Fort Worth-based Pier 1 Imports and J.C. Penney Co. may have the gift of a job to give this holiday season, according to a recent report.