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Winick Realty Group announced that HomeGoods has signed on for its first Manhattan location.The discount home-furnishings retailer will occupy 5,732 sq. ft. on the ground floor and 20,671 sq. ft. of retail space on the lower level in the new development called Columbus Square. It is located at 795 Columbus Avenue, between 98th and 99th Streets.The new HomeGoods store is expected to open in the first quarter of next year.
Sunglass Hut's Social Sun, an interactive device that lets consumers try on sunglasses, digitally capture and compare their looks and share images with family and friends, is driving sales.
Gross profit increased 59 basis points (bp) to 30.4%, largely a result of increased margins in the video category attributable to increased sales of more feature-rich products, and increased margins in the appliance category.
Comps for Specialty Retail Stores segment, comprising Neiman Marcus Stores and Bergdorf Goodman, increased 11.1%.
Target reported net sales of USD 4.585 billion for the four weeks ended July 31, 2010, a 3.8% increase over numbers reported for the same period in 2009. Comparable-store sales (comps) grew 2.0%. Traffic was referenced as 'strong.' Apparel comps were above the company average, whereas relatively soft performance was cited for electronics, video games, music, and movies. Fiscal year-to-date sales increased 4.7% to USD 30.284 billion. Comps grew 2.2%. On August 5, 2010, Target operated 1,743 stores in 49 states.
Sales for the quarter increased 5.7% to USD 1.13 billion while year-to-date (YTD) sales increased 7% to USD 2.35 billion. Comparable store sales (for stores open at least two years) increased 3.8% and 4.9% for Q2 and YTD 2010, respectively.
Comps for Gap North America declined 6% compared to a decline of 9% in the prior year. Comps for Banana Republic North America increased 2% compared to a decline of 7% in the prior year. Old Navy North America reported positive 6% comps as compared to a negative 8% in the prior year. Comps for the international markets increased 3% as compared to a decline of 4% in the prior year.
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The Men’s Wearhouse has acquired Dimensions Clothing Ltd. and certain assets of Alexandra plc, two leading providers of corporate clothing uniforms and workwear in the United Kingdom.
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