Retail Stores
February 23, 2011
Cabela's use of analytics tools that measure how quickly its salespeople engaged customers led to staffing increases — and higher sales — in its shoe and gun departments in Q4.
February 23, 2011
Lowe's gave a lackluster outlook for the current quarter despite strong fourth-quarter results, and its shares fell. The company, which recently laid off about 1,700 middle managers, expects first-quarter earnings of 34 cents to 38 cents a share, while analysts were expecting 38 cents a share.
February 22, 2011
Black Friday is known as the official start of the holiday shopping season. Presidents Day also marks a retail landmark, albeit a less-known one: the start of the secondary sales.
February 21, 2011
American Eagle Outfitters announced a campaign in partnership with FEED Projects to launch a new line available online and at its stores that will benefit the U.S. Fund for UNICEF. American Eagle is now offering FEED Guatemala bags in more than 400 of its stores across the country.
February 21, 2011
Luxottica Group announced it's entered into an agreement in which it will acquire Stanza and High Tech, two sunglass speciality retail chains totaling more than 70 stores in Mexico.
February 21, 2011
Discount grocer Aldi has opened its first-ever New York City-area store in the borough of Queens. The store, which is located in Rego Park, marks the first of three grocery stores the company plans to open in New York, including new locations in the Bronx and Bay Shore, Long Island.
February 21, 2011
Kmart will debut LYS — Love Your Style, Love Your Size — this month, a new and exclusive plus-size apparel line. The collection features trend-forward separates designed to flatter plus-size women of all shapes and sizes.
February 21, 2011
NASCAR is locking in its biggest ever retail promotion with the world's biggest retailer, with CNBC's Darren Rovell, and Brian Sozzi, Wall Street Strategies.
February 18, 2011
Brown Shoe Company said it's acquired privately held athletic shoe maker American Sporting Goods Corp. for $145 million. The acquisition broadens the reach of Brown Shoe, which makes Dr. Scholl's, LifeStride, Franco Sarto and other brands and operates Naturalizer and Famous Footwear stores.
February 17, 2011
Abercrombie & Fitch Co.'s fiscal fourth-quarter net income nearly doubled on strong sales overseas and better U.S. results. The retailer reported net income of $92.6 million, up from $47.5 million a year ago. Revenue for the period ended Jan. 29 rose 23 percent to $1.15 billion, from $936 million.
