Retail Stores

Retail Pours Most New Dollars Into Online Ads
August 18, 2011

The U.S. online ad market is on a sharp trajectory this year, eMarketer estimates, with spending set to increase 20.2 percent to $31.3 billion. Based on an updated industry breakdown, retail and consumer packaged goods will account for the largest shares of new spending.

 

Nordstrom Uses Alias for New Store, Donating All Proceeds to Charity
August 17, 2011

Nordstrom is opening a full-priced store in Manhattan. But the store will not have Nordstrom in its name, or even feel like a Nordstrom. Called Treasure&Bond, the new store will open Aug. 19 in SoHo and will be less than a tenth the size of a typical Nordstrom department store. In fact, it is a big experiment that will not even contribute to Nordstrom’s bottom line, as the profits have been committed to charity.

Retailer A.P.C Recycles Old Jeans
August 17, 2011

French fashion label A.P.C has come up with a new technique for creating the perfect vintage look: recycling. Instead of abandoning worn-out A.P.C jeans, you can now take them to the store and swap them for a brand-new pair for half the price.

Back-to-School Shopping Sends Apple's Sales Soaring
August 17, 2011

Back-to-school sales have been particularly strong for Apple this year, with both the Mac and iPad proving popular, while non-Apple tablets have failed to gain traction with education buyers.

Sur La Table to Open NYC Flagship in Hearst Tower
August 16, 2011

Cooking retailer Sur La Table said it will open a flagship store in New York City's Hearst Tower in late 2011. The new store will include Sur La Table’s largest kitchen and cooking class program. Consumers will be able to take cooking classes, as well as attend events with media partners and renowned chefs from around the world. Cooking classes are currently slated to start in early December.

Kohl's On Track to Open 31 Stores as Profits Rise
August 16, 2011

Kohl's Corp. reported that profit for the quarter ended July 30 rose 17 percent to $303 million, compared with $260 million in the year-ago period. The retailer cited tightened cost controls and success of store-label brands for the improved performance, and has raised its full-year guidance.

Urban Outfitters Reports Record Sales in Q2
August 16, 2011

Urban Outfitters, a lifestyle specialty retail company operating under the Anthropologie, Free People, BHLDN, Terrain and Urban Outfitters brands, announced net income of $57 million and $95 million for the three months and six months ended July 31, 2011, respectively. Earnings per diluted share were $0.35 for the quarter and $0.59 for the six months ended July 31, 2011

Old Navy to Launch Superfan Nation, Selling Licensed Sports Gear
August 16, 2011

Looking to profit from the lucrative sports market, apparel chain Old Navy will open Superfan Nation, an in-store shop featuring licensed sports gear, at its U.S. stores this month. Beginning Aug. 18, Old Navy will sell apparel and accessories from NFL and select collegiate sports teams at about 1,000 stores, with each catering to the local community's favorite teams.

Payless ShoeSource to Rebuild Joplin, Mo., Store
August 15, 2011

Payless ShoeSource announced that it will rebuild its tornado-demolished store in Joplin, Mo., with a new 3,100-sq.-ft. store at the same location. “The people of Joplin have been through a great loss and they need the support of many to build-back all that was lost," said LuAnn Via, CEO and president of Payless. "They are now energized by their future and focused on rebuilding a community even better than before. And we'll be there with them."

Nordstrom's Q2 Profit Soars
August 15, 2011

Nordstrom reported that net income for its second quarter rose 20 percent to $175 million, compared with $146 million in the year earlier period. Revenue surged 12.4 percent to $2.72 billion, benefited by strong promotions and matching Wall Street estimates. Same-store sales rose a solid 7.3 percent. The department store retailer has raised its profit outlook for the full year.