Philadelphia -- Destination Maternity said its third-quarter revenue fell 5.3% to $138.8 million. Wall Street had expected $146.4 million. The retailer cut its third-quarter earnings forecast, citing weaker-than-expected sales. Same-store sales fell 2.4%.
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BOCA RATON, Fla. -- Office Depot (NYSE: ODP) is proud to announce a partnership with Born This Way Foundation, a non-profit organization founded by Lady Gaga and her mother, Cynthia Germanotta, that is dedicated to empowering youth and inspiring bravery. The partnership, kicking off during the back-to-school season, will provide students, parents, and teachers with insights and limited-edition products that support Born This Way Foundation’s mission of helping to encourage today’s youth to grow up feeling confident about their individuality. “What I want to do is strike your nerve over and over again to get you talking so
Philadelphia -- Visionworks, the largest wholly owned U.S.-based optical retailer, has opened its first store in the Philadelphia area. Located in Deptford Township, N.J., it is the first of more than 25 stores expected to open in the market through 2013. The San Antonio-based retailer plans to open 17 stores before the end of 2012 and additional locations by April 2013. "Philadelphia is an ideal market to expand our business, and we are looking forward to serving Philadelphia-area residents," said Visionworks president Jim Eisen. Visionworks (formerly Eye Care Centers of America, Inc.) operates more than 550 optical retail stores
Our latest Future Of Retail Report looks at the trend of Auto-Curated Shopping. One manifestation of this theme is Glimpse - a social shopping application that aggregates Facebook ‘Likes’ and data from social network ‘friends’ to create custom catalog pages which aid in the discovery of new products. Presenting items within an image board format, the online tool allows consumers to pre-select and browse a unique collection of branded products which are likely to match their unique sense of style and taste. Utilizing the Facebook ‘like’ button as a bookmark for content, Glimpse allows users to browse products by style, brand, or retailer and to
Tommy Bahama, known for its beach-themed clothes and accessories, is launching a global e-commerce platform as it tries to boost its fledgling international expansion.
Deerfield, Ill. — Walgreens on Tuesday extended its innovation in mobile technology with the introduction of a developer portal that allows third-party software developers to integrate the Walgreens QuickPrints software development kit, enabling photo printing directly from iPhone and Android mobile devices. “Our new QuickPrints SDK enables third-party software developers to tap Walgreens Web services, building a broad selection of apps that deliver our convenient store capabilities to more customers,” Walgreens e-commerce chief technical officer Abhi Dhar said. The launch of the QuickPrints SDK marks the first time that Walgreens has provided an open interface for third-party application developers
Chicago -- Year-over-year national retail sales and foot-traffic are expected to increase for this August’s back-to-school season, according to ShopperTrak, with the overall sales number coming in 4% higher than last year. "This increase will follow year-over-year U.S. retail sales growth in 28 of the last 29 months,” said Bill Martin, ShopperTrak founder. “August will present retailers with a tremendous opportunity to take all steps possible to maximize their shopper opportunity and increase conversion rates." ShopperTrak reports year-over-year foot traffic percentages have been trending positively since Presidents Day. The people counting company expects the trend to continue through August.
Millennials rely on brick-and-mortar stores and technology equally to access information or to gain insights about a product they plan to purchase, according to a study from Today Info Retail, an Atlanta-based strategy and design agency focused on the control and simplification of buying experiences. The study found that the as 18-to-35 year-olds were twice as likely to use technology to learn about products as their older counterparts. The majority also reported that the shopping experience was less than satisfying and that 64 percent of younger adult shoppers are using the web and 65 percent are using stores for
Discount retailer Target is partnering with upscale department store chain Neiman Marcus to offer a limited-edition holiday collection, including apparel, gifts and other items. The retailers said Tuesday that they've assembled 24 leading designers to create the product collection, which is slated to become available Dec. 1 at all 1,763 Target stores and 42 Neiman Marcus stores, as well as on the Target.com and NeimanMarcus.com websites.
New York (WABC/CNN) - Philadelphia Eagles quarterback Michael Vick wants to tackle fashion. The Wall Street Journal reports Vick will launch a clothing line of sports apparel Wednesday called "V-7." Vick said the sports apparel line is a longtime dream. It will be sold exclusively at Modell's Sporting Goods stores through the end of the year. The debut of Vick's clothing line comes just weeks after the Philadelphia Inquirer reported he married his longtime sweetheart and the mother of his two daughters.