REI, a leading specialty retailer of outdoor gear and apparel, achieved record annual sales of $2 billion in 2013, up 5.9% from $1.9 billion the previous year, despite a challenging retail environment and severe winter weather.
Amazon did a bit of Valentine’s Day data mining of sales of romance novels and sexy music to come up with its fifth annual list of the nation’s top 20 romantic cities. And people are worried about the NSA’s activities?
Macy’s is kicking off its fifth annual National Believe Day. As part of Macy's nostalgic Believe campaign, which was inspired by the New York Sun's famous editorial "Yes, Virginia, there is a Santa Claus," National Believe Day was created to spread the season's message of kindness and generosity toward others.
The Vitamin Shoppe has announced the grand opening of a new distribution center in Ashland, Va., which positions the company for future growth. The new 311,740-sq.-ft. facility began receiving inbound inventory in June and outbound shipments to stores began in September.
Fast-growing flooring retailer Lumber Liquidators got an unpleasant surprise on Thursday when representatives from several federal agencies showed up at the company’s Toano, Va., headquarter with search warrants in hand.
Russell Athletic brand deployed its brand ambassador and Washington wide receiver Pierre Garcon to three Washington, D.C.-area high schools. Garcon delivered Russell Athletic uniforms to the school's respective football teams.
Strong sales in linens, dresses and intimate apparel buoyed Stein Mart’s total sales for the second quarter ended August 3, which increased 3.8% to $290.9 million from $280.4 million for the same quarter last year.
Small businesses are increasingly embracing mobile and social platform to improve their operational efficiency and promotion, according to the latest findings from local media consulting company BIA/Kelsey’s “Local Commerce Monitor” tracking survey.
Capital One Financial Corp.has reached an agreement to sell the portfolio of Best Buy private label and co-branded credit card accounts, with current loan balances of approximately $7 billion, to Citi.
Stage Stores is consolidating its South Hill, Virginia regional operations into its Houston, Texas corporate headquarters, in an effort to increase efficiency, create synergies, reduce expenses and enhance growth.
The National Association of Chain Drug Stores has announced former Secretary of Defense Robert M. Gates as the keynote speaker for the 2013 NACDS Annual Meeting, which will be held April 20 to 23 in Palm Beach, Fla.
The Retail Industry Leaders Association has made changes to its top staff. Former Toys “R” Us and Babies “R” Us executive Garth Gasse has joined the association as director of retail operations, asset protection. Lisa LaBruno has been promoted to SVP for retail operations.