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Foot Locker unveils updated strategic plan, to open stores in 2013
March 6, 2012

New York City -- In a conference call to investors on Tuesday, Foot Locker announced an updated strategic plan and financial initiatives intended to elevate the retailer’s performance for the 2012 to 2016 period. According to chairman and CEO Ken Hicks,...

Ikea Workers, Unions Creating Global Union Alliance
March 6, 2012

Ikea workers and trade union leaders from around the world will meet in Istanbul from March 6 to March 8 to launch the UNI IKEA Global Union Alliance to ensure good working conditions for all workers at all Ikea workplaces across the globe.

Stage Stores Q4 profit edges up 2%
March 6, 2012

Houston -- Stage Stores Inc. reported Tuesday that profit for the fourth quarter rose 2% to $32.7 million, from $32 million a year earlier. Revenue increased 6% to $479.1 million from $453.7 million, beating Wall Street's $468.2 million forecast. For the...

Warnaco Group reports Q4 net loss
March 6, 2012

The Warnaco Group, Inc, a retailer of apparel, sportswear and swimwear, has reported that net loss attributable to the company of $6.69 million, or $0.16 loss per diluted share, for the fourth quarter ended December 31, 2011, compared to a net income...

E-Commerce Critical to TJX Goal in Annual Sales
March 5, 2012

Re-establishing itself as an online retailer several years after shutting down its e-commerce operations is a key element of ambitious growth plans at TJX Companies, the 2,900-store parent company of T.J. Maxx, Marshalls and Home Goods. Executives are aiming to nearly double the company's annual sales to $40 billion by leveraging investments in technology, supply chain and digital commerce initiatives.

Walmart, Walgreens, Amazon Top Customer Loyalty Rankings
March 5, 2012

Customer loyalty is one of the most valuable assets a retailer can possess, so it's no surprise that companies leading in this metric are also among the most successful retailers in the world. The 2012 Brand Keys Customer Loyalty Index ranks Walmart, Walgreens, Amazon.com, Office Depot, Abercrombie & Fitch and Ace Hardware among those that have earned consumers' loyalty by creating "customer delight." The Customer Loyalty Index is based on Brand Keys' 2012 survey of 49,000 adult consumers who self-select for the categories in which they are consumers. The retail category includes 47 brands divided into nine vertical categories;

Etsy Struggles to Define What's Allowed in Handmade Category
March 5, 2012

Etsy's Handmade category is what gives the site its unique culture and differentiates it from sites such as eBay. But as the site grows, Etsy is forced to struggle with the definition of what exactly makes an item "handmade."

Ross plans midwestern growth push
March 5, 2012

St. Louis -- A Ross Dress for Less executive suggested that the midwestern United States offers significant growth potential for the discounter. In an interview on the St. Louis Today website, reported Monday, the company’s VP for the midwest region Fred Shuey said that Ross’s two just-opened St. Louis stores will be joined by more. “This is two of many,” Shuey said at a breakfast, referring to the retailer’s St. Louis debut with openings in two former Linens ‘N Things locations in Chesterfield and Fairview Heights on Friday. The midwestern push had already begun with a 12-store opening in