Retail Stores

Bed Bath & Beyond to Open 45 Stores in 2011
April 12, 2011

Bed Bath & Beyond announced plans to open approximately 45 new stores across all of the company's concepts during 2011. "We believe that throughout the U.S. and Canada, there's an opportunity to create in excess of 1,300 Bed Bath & Beyond stores, as well as grow our Christmas Tree Shops and buybuy BABY concepts from coast to coast," said Warren Eisenberg, co-chairman of Bed Bath & Beyond.

Costco to Sell $1M Diamond Ring
April 12, 2011

Costco is selling a 6.77 carat diamond solitaire ring for $1 million. The million dollar diamond ring is a bargain, having been valued at ยฃ1.6 million by the International Gemological Institute. Costco sells everything from t-bone steak to toilet paper and so adding a diamond ring to its product portfolio may seem a little strange from the onset.

Sears to Roll Out Beauty Departments
April 12, 2011

Sears announced the expansion of beauty departments to more than 100 store locations and Sears.com. The new cosmetics departments will include beauty products from such well-known brands as L'Oreal, Maybelline, Revlon and CoverGirl, in a range of hues for every woman.

Retail Container Traffic Expected to Rise in April
April 12, 2011

Import cargo volume at the nationโ€™s major retail container ports is expected to be up 9 percent in April over the same month last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

Gap Seeks Makeover to be the โ€˜Peopleโ€™s Brandโ€™
April 12, 2011

It may be an exaggeration that the Gap has had no outstanding marketing since the 1990s. The company has been struggling for years to figure out how to attract younger consumers as well as win back those who have stopped shopping there.

Microsoft Execs in Heated Battle Over Opening More Retail Stores
April 11, 2011

An internal battle is raging at Microsoft over whether and how fast the company should open more retail stores. According to sources close to the company, CEO Steve Ballmer and COO Kevin Turner are both hot on the idea of matching โ€” or even surpassingโ€”  Apple's retail presence of over 300 stores. The stores are a big reason for Apple's success in the last decade, as they give customers opportunities to play with products like the iPad and iPhone.

Best Buy Faces iPad 2 Shortages, Restricts Sales
April 11, 2011

Best Buy is temporarily restricting sales of the Apple iPad 2 as it faces supply shortages and an "upcoming promotion." In response to reports that some customers seeking to buy an iPad had been turned away, Best Buy acknowledged that its employees had been asked to hold on to iPad inventories not yet sold or reserved.

Wal-Mart Brings Back Products in Bid to End Slump
April 11, 2011

Wal-Mart is restoring 8,500 products to its stores as it seeks to turn around declining same-store sales in the U.S. The company will add 11 percent more products on average to its stores, accompanied by "Itโ€™s Back" flags on the items.

Audio: The Return of Luxury Retail
April 11, 2011

Consumers spent more on retail goods in the first quarter than they did during the same time last year. That's despite higher gas prices, bad weather and a late Easter holiday.

Easter Spending Expected to Rise
April 8, 2011

Not since 1943 have Americans seen an Easter fall this late in the calendar, but it seems the delayed holiday wonโ€™t impact consumersโ€™ eagerness to spend on dรฉcor, food and even new spring apparel.