Retail Stores
October 10, 2011
Haverty Furniture reported that total revenue for its third quarter slipped 1.1 percent to $155.4 million, compared with $157.1 million for the third quarter last year. Same-store sales fell 0.6 percent.
October 7, 2011
A troubled economy and political infighting will darken the upcoming holiday retail season as consumer spending will barely rise over 2010 levels, says a new report from Ball State University. The forecast anticipates that overall retail sales will increase by 0.8 percent over last year. Sales during the last few months of the year have rebounded since the depths of the Great Recession of 2007-09 but still are not close to the prerecession heights.
October 7, 2011
Christopher & Banks Corp. reported a net loss of $13 million for the quarter ended Aug. 27, compared with a loss of $2.5 million in the year-ago period. Sales dropped to $96.2 million from $101.3 million, and same-store sales declined 8 percent during the quarter.
October 7, 2011
Retail same-store sales gained 5.7 percent in September, compared with the previous month which was hurt by Hurricane Irene, Kantar Retail reported. The results are led by stronger-than-average results at food, drug and mass retailers, but apparel and accessory stores and department stores lagged, but posted the most improved growth.
October 7, 2011
bebe reported that revenue for the quarter ended Oct. 1 rose 7.1 percent to $116 million, missing Wall Street's expected $124.1 million in sales. Same-store sales for the quarter rose 7 percent. The apparel retailer said it is focused on international growth and expects its international licensees will grow by up to 30 freestanding stores and 30 shops inside department stores in the fiscal year.
October 7, 2011
Target has announced partnerships with several fashion designers for limited edition women's wear, handbags, lingerie, lounge wear and accessories. Target signed designer Josie Natori for its first limited edition collection of lingerie and loungewear.
October 6, 2011
When we first heard that Mike “The Situation” Sorrentino was launching a tuxedo line, we feared the worst. This is the man who Abercrombie & Fitch offered six figures to stop wearing its clothes. Well, the lookbook has finally arrived (via MTV Style) and we have to say, it’s actually worse than we expected.
October 6, 2011
It's no secret the continuing rise of e-commerce combined with the rapid evolution of smartphones gives shoppers the option to do extensive research and make decisions based on price, location or just plain preference.
October 6, 2011
Ross Dress for Less will celebrate its initial entry into the greater Chicago area with the grand opening of 12 stores on Saturday, Oct. 8. "The opening of these 12 locations kicks off our entrance into the Midwest and our commitment to the greater Chicago area," said Michael O'Sullivan, president and COO for Ross Stores.
October 5, 2011
The e-tailing group's inaugural luxury market mystery shopping study titled Champagne Tastes and Caviar Dreams: A Global Look at Luxury, provides an overview of how the luxury market is using the internet and mobile devices for branding and selling with guidelines to help merchants deliver a sophisticated digital experience that drives engagement.
