Content about News

August 26, 2014

Ace Hardware is kicking off its J.D. Power Award Neighborhood Tour for the second year in a row. Recently ranked "Highest in Customer Satisfaction with Home Improvement Retail Stores" for the eighth year in a row by J.D. Power, Ace will celebrate the achievement by taking all eight J.D. Power trophies on the road, visiting 38 states and more than 175 neighborhood stores.

August 26, 2014

Online sales at Best Buy grew 22% in the second quarter to $581 million, but that wasn’t enough to offset weak sales and traffic trends at physical stores or prevent the company from forecasting similar declines in the third and fourth quarters.

August 26, 2014

In perhaps the most rapid shift in consumer behavior ever witnessed, the number of people who intend to buy something online has doubled from just three years ago, according to Nielsen’s new Global Survey of e-commerce.

August 26, 2014

Nordstrom is partnering with Curalate to launch Like2Buy, a platform that aims to offer consumers a more seamless shopping experience via Instagram.

August 26, 2014

Leading Northeastern food retailer Wegmans is introducing a new line of peeled, deveined and wild-caught Gulf of Mexico shrimp and enticing shoppers with seafood promotion featuring a wide range of domestically sourced products.

August 25, 2014

Amazon has reached an agreement to acquire Twitch Interactive, a leading live video platform for gamers. In July, more than 55 million unique visitors viewed more than 15 billion minutes of content on Twitch produced by more than 1 million broadcasters, including individual gamers, pro players, publishers, developers, media outlets, conventions and stadium-filling e-sports organizations.

August 25, 2014

The Grocery Manufacturers Association (GMA) has presented retired Walmart president and CEO Mike Duke with its 2014 Hall of Achievement Award at the GMA Leadership Forum at The Broadmoor. The Hall of Achievement Award represents the highest honor given by the more than 100 year-old association.

August 25, 2014

Two industry retailers were honored for their political advocacy and grassroots support at the National Association of Chain Drug Stores Political Involvement Reception during the NACDS Total Store Expo.

August 25, 2014

PetSmart has partnered with the City of Sacramento to bring a portable, popup dog park to Sacramento. The dog park, which provides more than 9,000 sq. ft. of space for pet owners and their pets, is now open.

August 25, 2014

ShopYourWay, the digital loyalty, marketing and shopping platform of Sears and Kmart, has enlisted YouTube celebrities Ricky Dillon and Jenn McCallister to be “curators of cool” for the site.

August 25, 2014

Ann Inc. is being urged to explore options, including a sale, by activist investor Engine Capital and Red Alder. The two firms, who collectively own more than 1% of the outstanding shares of Ann Inc., are publicly urging the company to sell at a substantial premium above current stock price.

August 22, 2014

Although Ann Inc. began the quarter on a positive note, the company was unable to capitalize on the momentum it generated through mid-June. The second half of the quarter was marked by softer traffic levels and a highly promotional environment that pressured sales and margin.

August 22, 2014

Hibbett Sports president and CEO Jeff Rosenthal said that comparable store sales for the second quarter ended Aug. 2 were softer than expected. However, he is encouraged by improvement in traffic in early August.

August 22, 2014

Solid performance of GameStop’s business units, including technology brands, as well as sales of new consoles and games bolstered the company’s profits and overall second quarter results.

August 22, 2014

Although same-store sales at Gap were flat in the second quarter, the company reported a better-than-expected quarterly profit, buoyed by strong sales at Old Navy, and raised its full-year profit forecast as a result.

August 22, 2014

During the fourth quarter, Tuesday Morning Corporation continued working on the final phase of its turnaround program. Judging by its comparable-store sales trend, increased inventory turnover and improved cash position, the company’s plan is working.

August 22, 2014

Foot Locker chairman and CEO Ken C. Hicks credited his entire team for once again achieving record levels of sales and profits in the second quarter.

August 21, 2014

Aaron's has tapped EVP and CFO Gilbert L. Danielson as interim CEO, effective following the previously announced retirement of Ronald W. Allen August 31.

August 21, 2014

Describing second-quarter earnings as "unacceptable," Sears Holdings chairman and CEO Edward Lampert added that his company's transformation is continuing and online sales are growing.

August 21, 2014

During the second quarter, Ahold USA experienced a dip in sales, while its online grocery operation, Peapod, achieved double-digit sales growth.

August 21, 2014

Dollar Tree delivered its 26th consecutive quarter of positive comparable store sales growth in the second quarter, but profit declined 2.6% thanks to increased freight costs and investments in higher-value products.

August 21, 2014

Four years after it opened its first location in New York City, teen and pre-teen bargain retailer Five Below is set to open its first location in Brooklyn at the borough’s Gateway Center Aug. 29. The 7,500-sq.-ft. store will feature all of the company’s merchandise, all priced at or below $5.

August 21, 2014

Kirkland's SVP and CFO W. Michael Madden has been promoted to president and chief operating officer, effective immediately. Madden will remain the company’s principal financial officer pursuant to S.E.C requirements.

August 21, 2014

Stein Mart CEO Jay Stein is focused on the company’s growth strategy, which includes plans to continue expanding the company’s e-commerce business, following second-quarter results.

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