Retail Stores
February 28, 2012
According to company sources, there are plans in place for an Apple Store to be opened in the world famous Harrods department store. With 360 Apple stores operating in cities throughout the world, the last 11 years has seen the company always searching for the next standout location to deliver heavy footfall and large exposure. London already has five existing Apple Stores; however, the proposed site in Harrods would be the city's first store-within-a-store location.
February 28, 2012
Following a successful 23-store launch, Macy's will expand its Store-to-Door program throughout 290 store locations by the fall, according to a recent call with financial analysts. This program allows Macy's to be able to ship from a different store to the customer directly if an item is not in stock.
February 28, 2012
Chico's will invest $93 million to upgrade its technology, distribution and supply chain systems. The company is also planning for 135 new brick-and-mortar stores in 2012. More details on these initiatives will be released in March.
February 24, 2012
Sears is looking toward its substantial real estate portfolio to offset its weak financial performance. The operator of Kmart, Sears and Lands' End said it will spin off some stores and sell others as it seeks to regain profitability and market share.
February 24, 2012
Gap reported that net income for the fourth quarter plummeted 40 percent on higher costs and aggressive discounting during the holiday selling season. Net income for the quarter ended Jan. 28 was $218 million, compared with $365 million a year earlier.
February 24, 2012
Target opened a one-day-only pop-up store in Toronto yesterday for its limited edition collection by designer Jason Wu. The store featured an assortment of Jason Wu products, including a Target-branded tote bag created exclusively for the pop-up shop.
February 24, 2012
Antiques marketplace Ruby Lane has decided to shelve its gift card program, which soft launched earlier this month. The gift cards could be used for purchases in any Ruby Lane shop and were designed to increase sales throughout the site.
February 24, 2012
OfficeMax reported that net income for the quarter ended Dec. 31 dropped to $2.9 million from $32.8 million a year earlier. Sales edged up 3.9 percent to $1.8 billion in the quarter, but dipped 0.4 percent to $7.1 billion for the full year.
February 24, 2012
Nordstrom recently announced adjustments to its loyalty program; Barnes & Noble unveiled temporary price cuts to its Nook tablets and e-readers; and Safeway, Kroger and Stop & Shop are hoping to offset rising food prices by providing gasoline discounts to their rewards members and personalized savings for loyal shoppers.
February 24, 2012
Columbia Sportswear has implemented a new payment data solution. This cloud-based solution protects sensitive point-of-sale payment data and reduces Columbia's PCI scope by reducing the retailer's requirement of storing any payment data on its network. The implementation across Columbia Sportswear's 54 U.S. retail locations will be completed by April 2012.
