aggregatedcontent

Apple doubles Tiffany's in retail sales per square foot
November 13, 2012

Apple is once again by far the most valuable retailer based on sales per square foot, more than doubling the sales of Tiffany & Co. Apple's retail stores earn $6,050 per square foot, according to the latest data from RetailSails. In comparison, Tiffany...

Hong Kong's Causeway Bay: World's Priciest Retail Spot
November 13, 2012

New York's Fifth Avenue ended its 11-year run as the world's most expensive retail area, dethroned by Hong Kong's Causeway Bay, according to a survey by real estate services company Cushman & Wakefield.The average retail real estate rent in the Causeway...

Foot Locker Introduces New Retail Concept for Women
November 13, 2012

Foot Locker announced the introduction of SIX:02, an elevated retail concept featuring top brands in fitness apparel and athletic footwear for women. The first three stores will open for the holiday season in Stamford, Conn., Wayne, N.J., and San Antonio. SIX:02's unique design will offer women a broad choice of athletic brands in an environment created especially for her. The store features dedicated fit zones and fitting lounge areas for women to find the perfect fitness pants, sports bras, tops and athletic footwear for her body type, activity and style.

Flash-Sale Site Gilt Launches First TV Ads
November 13, 2012

Exactly five years after its launch, Gilt.com is launching its first television campaign. The online flash-sales site grew rapidly in its early years, in part fueled by the recession. A combination of value-conscious consumers and brands with extra inventory helped the site quickly attract a loyal following. Referrals and word-of-mouth have been the brand's bread and butter, supplemented in more recent years by display advertising and search marketing. Now, the e-commerce brand is ready to take things offline.

Sears Canada narrows loss in Q3
November 13, 2012

Toronto -- Sears Canada Inc. reported Tuesday a loss of $21.85 million, compared with a loss of $44 million in the same period last year. Revenue dropped 6.8% to $1.04 billion, and same-store sales slid 5.7%.

Home Depot Q3 profit tops estimates
November 13, 2012

Atlanta -- An improved housing market boosted Home Depot in its latest quarter, as the home-improvement retailer reported Tuesday that net income for the third quarter rose to $947 million from $934 million in the year-ago period. Revenue climbed 4% to...

News summary: Best Buy's CEO outlines plans
November 13, 2012

JOLY TIMES: Best Buy's new CEO Hubert Joly outlined plans to recharge the electronic retailer's results at an analysts' meeting on Tuesday, including improving store and online customer experiences, redesigning stores and cutting costs. STOPPING THE...

Abercrombie CEO Ordered to Give Second Deposition in Pilot Suit
November 13, 2012

A judge ordered Abercrombie & Fitch Co. (ANF) Chief Executive Officer Michael Jeffries to give a second deposition this month in an age-discrimination lawsuit brought by a former corporate jet pilot in April 2010. Jeffries will be deposed for as many as...

How Zara Grew Into the Worldโ€™s Largest Fashion Retailer
November 12, 2012

Galicia, on the Atlantic coast of northern Spain, is the homeland of Generalissimo Francisco Franco, but is otherwise famous for being a place people try to leave. For much of the 20th century, hundreds of thousands of gallegos, as they are called, emigrated to countries as far away as Argentina to escape Galicia's rural poverty. However, even as Spain teeters on the edge of economic catastrophe, the Galician city La Coruรฑa has attracted notice as the hometown of Amancio Ortega Gaona, the world's third-richest man - he displaced Warren Buffett this year on the Bloomberg billionaire index - and the founder of Zara.