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Retail same-store sales grew 7.1 percent in June, Kantar Retail reported. The increase was attributed to a drop in gasoline prices. The increase was higher than the 5.7 percent same-store sales gain in May and the 3.2 percent gain last June.
Amazon's Quidsi business (Diapers.com, Soap.com, BeautyBar.com and Wag.com) is looking at opening a 1,600 square-foot BeautyBar store in Manhasset, N.Y., according to a Women's Wear Daily report.
As starts to claim a place on the Lower skyline, the area’s retail scene is beginning to revive, with landlords raising rents in anticipation of thousands of new office workers, tourists and residents, commercial real estate experts said.
Casual Male has officially opened its first men's superstore catering to the big and tall man called Destination XL. DXL is a unique, all-inclusive destination offering over 2,000 styles under one roof from four existing apparel businesses, Casual Male XL, Rochester Big & Tall, Shoes XL and B&T Direct.
The fastest-growing company in web history, Groupon's daily-deal site marries cents-off coupons to a Friday-after-Thanksgiving shopping frenzy. The company broke into the black just seven months after inception; globally, more than 500 copycat sites have already sprung up.
The labor strife now embroiling two major league sports could inflict some financial pain on retailers that sell team-related goods, according to research released by Sterne, Agee & Leach, especially if the two sides remain at loggerheads for an extended period of time.
Saks Incorporated announced the planned opening of a licensed Saks Fifth Avenue store in Almaty, Kazakhstan in August 2012.
WiFi is becoming more widely available and affordable on flights. As such, e-commerce is increasingly taking place at 35,000 feet with a crop of deals enabling online shopping for free.
The usual suspects top this year's National Retail Federation's list of the 100 biggest retailers. But giants like Wal-Mart, Kroger and Target need to be on the lookout for two nontraditional retailers that could threaten their coveted spots.
Stung by a new breed of sophisticated thieves, the nation's major retailers are fighting back. These well-organized crime rings have added tough new challenges for merchants who have long contended with petty shoplifters and their own light-fingered employees.
