As opportunities for store growth in the U.S. have dwindled, many retailers have set their sights overseas. But the latest headlines featuring teen apparel retailer Abercrombie & Fitch prove that in today’s precarious environment, even that strategy is no guarantee of success. Hit hard during the recession, Abercrombie & Fitch made plans to close 15 percent of its U.S. stores and concentrate on Europe as its next expansion stage.
San Francisco Business Times by , Reporter Reporter - San Francisco Business Times Email | Twitter Target Corp. Target Corp. Latest from The Business Journals Follow this company is moving forward on adding more stores to its Bay Area roster. The Minneapolis-based merchant recently acquired 10 acres near the intersection of Kenilworth Drive and East Washington Street in Petaluma from Regency Centers, where the retailer plans on building a 140,000-square-foot store. Target, which prefers to own its stores, will start construction later this year. The store will anchor East
SEATTLE, WA (BRAIN)REI this week reported an 8.4 percent jump in annual sales for 2011, to $1.66 billion, but operating income was down slightly, to $116.2 million from 2010s record $116.6 million. Net income was flat compared with 2010 at $30.2 million. We experienced strong sales in 2011. However, because winter weather failed to arrive, our profitability was impacted, said Brian Unmacht, REIs executive vice president. Looking ahead, our underlying strong financial position allows us to continue our growth plans and invest in ways that make it easy for customers and members to shop REI however they wishonline, on
SEATTLE , March 14, 2012 /PRNewswire/ -- REI ( Recreational Equipment, Inc .), a national retailer of quality outdoor gear and apparel, today announced 2011 sales of $1.80 billion , up 8.4 percent from $1.66 billion the previous year. Operating income was $116.2 million , down slightly from $116.6 million in 2010. Net income was $30.2 million , relatively flat to 2010. As the country's largest consumer cooperative with a significant membership base, REI welcomed nearly 842,000 new members in 2011, up 7 percent from 2010. (Logo: http://photos.prnewswire.com/prnh/20120306/SF65403LOGO ) "We experienced strong sales
Google may open its first stand-alone retail store at its European headquarters in Dublin, according to a filing by the popular search engine. The Google store would be open to the public and sell unspecified "Google merchandise," Google's Irish unit said in a local planning application.