City of Industry, Calif. -- Hot Topic reported net income in the first fiscal quarter of $3.8 million, compared with a net loss of $7.7 million for the year-ago period. The results include $12.4 million of expenses for the implementation of the strategic business changes and cost reduction plan. Total sales for the first quarter ended April 28, 2012, increased 6.4% to $171.5 million compared to $161.3 million for the first quarter last year. Same-store sales rose 7.5%. “Our first quarter sales and earnings increases at both the Hot Topic and Torrid brands exceeded our early expectations. The quarterly
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DDI has been heralding the latest retail store design ideas since 1988 and has become a trusted source for all things retail. When DDI first appeared 20 years ago, the market was right for a magazine that focused on the retail environment. DDI has grown to become the retail design resource for store design concepts and a trusted guide to retail design ideas. DDI carefully chronicles the changes and focuses on the things that generate a buzz the world over in the retail industry.
The No. 1 goal for online retailers is to consistently deliver engaging website experiences. In order to accomplish this, marketers must execute multiple test campaigns simultaneously to discover which offers, messages and presentations create a winning formula.
Boston Business Journal Weak sales in Australia and Europe put a crimp on first-quarter sales for office supply giant Staples Inc. (Nasdaq: SPLS), while layoff expenses cut into earnings, the Boston Business Journal reports. The office supply retailer...
SINGAPORE (Reuters) - Consumer comfort, social media and mobile devices lie at the heart of online retailer My-wardrobe's strategy in Asia, said Sarah Curran, the company's founder, on Wednesday.The company, already big in the United Kingdom, is expanding to the Asia-Pacific region, and tech-savvy Singapore is the first stop of its Asian rollout. It's also where Curran intends to learn the tastes and cultures of Asian consumers before expanding further into the region."The Asian consumer has been much more of an early adopter to social media, and much more open in terms of online," Curran told Reuters while she
New York -- Walmart plans to install solar panels on about half of its stores in Massachusetts, making it the largest user of solar power in the state. Walmart is partnering with Greenskies Renewable Energy LLC, Middletown, Conn., on the project, which involves 27 stores. “On average, the systems we’ll be using in Massachusetts will provide from 10% to 15% of each store’s power requirements,’’ said David Ozment, Walmart’s director of energy programs. “We’re very optimistic that we’re going to save some dollars over time.”
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