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Cato Reports September Same-Store Sales Down 4%
October 4, 2012

CHARLOTTE, N.C., Oct. 4, 2012 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales of $71.1 million for the five weeks ended September 29, 2012, a 1% increase over sales of $70.7 million for the five weeks ended October 1, 2011....

Family Dollar Continues Expansion
October 4, 2012

Matthews, N.C.-based Family Dollar Stores Inc. plans to open 500 new stores and close between 70 and 90 units in fiscal 2013. In fiscal 2012, the company opened 475 stores, including 41 stores in California, and renovated, relocated or expanded 854...

Retail sales up modest 0.8% in September
October 4, 2012

After splurging on back-to-school, shoppers took a break from the malls in September in advance of what is expected to be a decent holiday season. Major chains posted a 0.8% increase in retail sales in September compared with the same month a year...

โ€˜Showroomingโ€™ Threat Under Control, Retail CFOs Say
October 4, 2012

Finance chiefs at dozens of U.S. retailers think their companies have so-called showrooming โ€” the phenomenon of shoppers using brick-and-mortar stores to check out merchandise but then buy it online โ€” under control, according to a poll released Tuesday. What CFOs are more concerned about is how consumer confidence may be affected by next month's presidential election, according to an annual poll by BDO USA, the assurance, tax and financial consulting firm.

Costco and TJX beat estimates in September
October 4, 2012

NEW YORK โ€” Costco Wholesale Corp. reported a better-than-expected 6% rise in September same-store sales, helped by higher gasoline prices and a stronger dollar. Excluding the impact of gasoline prices and foreign exchange, comparable September same-store...

Best Buy Wants Amazon to Be Its Showroom
October 4, 2012

Every time the subject of Best Buy's struggles comes up, it takes all of two seconds for someone to mention the term "Amazon's showroom" as illustrative of the challenges facing the consumer electronics chain. In the latest move to address the Amazon...

Restoration Hardware Sued for Copying Product
October 4, 2012

Fresh from a scandal that saw its rugged spokesmodel and unofficial mascot Gary Friedman ousted from his post as CEO, Restoration Hardware is back in hot water for ripping off Emeco's Navy Chair, the aluminum classic designed by the Hanover, Pa.-based company in 1944 for the U.S. Navy and in production ever since. The cut-rate clone, which appears throughout the company's phonebook-sized fall catalog, is called โ€” wait for it โ€” the "Naval Chair."

U.S. Retail Sales in September Slow from Summer's Faster Pace
October 4, 2012

U.S. retail sales experienced a more-subdued performance in September after two months of strength as back-to-school buying wound down and shoppers took a pre-holiday breather. Costco Wholesale Corp. (COST) posted a 5% rise in U.S. same-store sales minus...

Target Bets on QR Codes, Exclusive Toys This Holiday
October 4, 2012

Starting October 14, Target will feature 20 toys at the front of its aisles promoted with signs featuring QR codes. Shoppers with smartphones can scan the codes to buy any of those items and have them shipped free. "Providing this convenience for mom is about ensuring that she's able to shop the way that she wants to," said Stephanie Lucy, Target's vice president of toys and the mother of two who knows about not wanting to ruin the surprise of the holidays.