Retail Stores

The internet killed the music business, ruined the newspaper industry and has effectively brought the publishing world to its knees, and for years there's been speculation it would do the same to brick-and-mortar stores, as consumers began to flock online for their shopping needs.

Children's Place managed its merchandise better in the holiday fourth quarter, leading to fewer discounts and improved margins, an indication that the company had finally shrugged off its inventory problems.

With an estimated 122 million Americans planning to celebrate St. Patrick’s Day this year, there will be no shortage of parties or celebrations. According to the National Retail Federation’s 2011 St. Patrick’s Day Consumer Intentions and Actions survey, conducted by BIGresearch, 52.4 percent of Americans will celebrate the Irish holiday, up from 45.2 percent last year and the most in the survey’s eight year history.

Aeropostale announced that it's signed a licensing agreement with Montreal PTE Ltd., a joint venture between Apparel Group LLC and Jay Gee Melwani Group, to open approximately 25 stores across Singapore, Malaysia and Indonesia over the next five years.

Best Buy has confirmed it's testing tablets and POS apps during the launch of its "Connected Store" pilot program. Tablets being tested include the Apple iPad, Samsung Galaxy Tab and the Motorola Xoom.

For several years, Costco has been promoting itself as way to for brides and grooms to create a memorable wedding day without busting the bank. The warehouse club store sells everything from engagement rings to invitations and flowers to the honeymoon trip.

Urban Outfitters reported that net income for the quarter ended Jan. 31 dipped slightly to $75 million, compared with $77 million in the year-ago period. For the full year, profit rose to $273 million from $220 million a year earlier. Fourth-quarter net sales rose 14 percent to $668 million.

Macy’s will help consumers unlock magical moments in-store this spring when they scan a code or send a text message with Macy’s Backstage Pass. A groundbreaking new initiative for the retailer, Macy’s Backstage Pass customizes QR code and SMS technology to deliver exclusive and engaging video content to users’ mobile phones.

Collective Brands, the parent company of Payless ShoeSource, said its net loss narrowed slightly in the fourth quarter as sales improved in its wholesale unit. The performance beat Wall Street expectations.

Major big-box retailers have been shifting to smaller stores — and scratching around for more profitable ways to fill under-used spaces as they go about reinventing themselves.