Retail Stores

Williams-Sonoma Profit Up 19% in Q3
November 18, 2011

Williams-Sonoma reported that profit for the third quarter rose 19 percent to $43.4 million from $36.5 million in the same period last year. Revenue rose 6 percent to $867.2 million, compared with $815.5 million last year, solidly beating Wall Street’s expected $855.7 million in revenue.

Gift Card Kiosks Going into 100 Malls
November 18, 2011

Self-Service Networks is deploying 100 of its GiftWise kiosks in 100 malls owned by General Growth Properties. The gift card-vending solutions will be up just in time for the properties' 2011 holiday shopping season.

Consumer Spending on Discretionary Categories Boosts October Retail Sales
November 17, 2011

Led by discretionary purchases, October retail sales saw impressive growth across the board, an encouraging sign for retailers as the holiday season gets underway. According to the National Retail Federation, retail sales increased 0.7 percent from September and 4.7 percent over last October.

Lowe's Q3 Profit Plummets on Store Closing Charges
November 16, 2011

Lowe's reported that net income for the quarter ended Oct. 28 dropped 44 percent as store-closing charges undercut a slight uptick in quarterly sales. The retailer reported net earnings of $225 million, compared with $404 million in the year-ago period.

Store Closings to Jump 37.5% in 2012
November 16, 2011

Christopher & Banks, Syms and Filene's Basement are the most recent retailers to shutter some of their stores, bringing the total number of store closings so far in 2011 to 3,126.

Crocs Launches New Branded Retail Store Design
November 16, 2011

Crocs will open its doors to three new concept stores this week. The new shops are designed to drive a holistic, engaging approach to the Crocs retail experience. They are located in three busy shopping destinations: Mall of America in Bloomington, MN.; Barton Creek in Austin, TX.; and Streets at Southpoint in Durham, N.C.

Wal-Mart Profit Below Wall Street Views
November 15, 2011

Wal-Mart quarterly profit growth missed Wall Street's expectations, as the economy continues to weigh on customers at Wal-Mart. Still, key sales at those U.S. discount stores rose more than expected, reversing a string of nine quarterly declines.