September 22, 2014

Chain Store Age will host a webcast on how retailers can enhance their business intelligence reporting and take it to practical — and actionable — insights.

New York -- Chain Store Age will host a webcast on how retailers can enhance their business intelligence reporting and take it to practical — and actionable — insights. Hear from the world's largest omnichannel retailer of martial arts equipment, Century Martial Arts, how it is leveraging BI to better monitor and engage with customers.

September 12, 2014

DDR Corp. announced that CEO Daniel B. Hurwitz will be leaving the company next year, as he and the board agreed not to renew his employment agreement, which expires December 31, 2015.

Beachwood, Ohio -- DDR Corp. announced that CEO Daniel B. Hurwitz will be leaving the company next year, as he and the board agreed not to renew his employment agreement, which expires December 31, 2015.

According to DDR, Hurwitz is expected to remain CEO through 2015 to facilitate a smooth leadership transition.

Hurwitz was named CEO on January 1, 2010, after serving as the company’s president and COO for two years prior. He has worked for DDR in various senior executive capacities since June 1999.

September 22, 2014

Ascena Retail Group Inc. on Monday reported fourth-quarter net earnings of $15.7 million, compared with $29.8 million in the year-ago period. Its results missed Wall Street expectations.

Mahwah, N.J. -- Ascena Retail Group Inc. on Monday reported fourth-quarter net earnings of $15.7 million, compared with $29.8 million in the year-ago period. Its results missed Wall Street expectations.

Revenues for the quarter were $1.18 billion, compared with $1.20 billion in the prior year. The company attributed the decrease challenging tween market conditions at Justice and inventory-related issues at Lane Bryant. Results were partially offset by positive comp growth at Maurices and Catherines and new store growth at Maurices.

September 22, 2014

AutoZone on Monday reported better-than-expected fiscal fourth-quarter net income of $373.7 million from $347.8 million a year earlier.

Memphis, Tenn. -- AutoZone on Monday reported better-than-expected fiscal fourth-quarter net income of $373.7 million from $347.8 million a year earlier. The chain also reported a milestone as its net income for the full year rose 7.7% to $1.1 billion.

The auto parts retailer’s revenue in the fourth quarter rose 3.4% to $3.05 billion in the period, up falling short of Street forecasts of $3.06 billion. Same-store sales rose 2.1%.

September 22, 2014

The Washington, DC-based brokerage Cassidy Turley agreed to sell 100% of its equity interests to an affiliate of DTZ Investment Holdings, which is backed by a consortium of investors .

Washington, D.C. -- The Washington, DC-based brokerage Cassidy Turley agreed to sell 100% of its equity interests to an affiliate of DTZ Investment Holdings, which is backed by a consortium of investors.

The deal is expected to fully close on Dec. 31, after the consortium acquires DTZ around Oct. 31

September 22, 2014

DD’s Discounts, a division of Ross Stores Inc., will open a new store in Orlando on Sept. 27.

Dublin, Calif. – DD’s Discounts, a division of Ross Stores Inc., will open a new store in Orlando on Sept. 27. The store is located in the Century Plaza. 

Including this new location, DD’s Discounts will operate approximately 150 locations in 13 states and is on schedule to complete its expansion plan to open approximately 20 locations in 2014. Together, Ross Dress for Less and DD’s Discounts currently operate more than 1,300 off-price apparel and home fashion stores in 33 states, the District of Columbia and Guam.

September 22, 2014

Haggar Clothing Co. has hired Eve Richey as chief digital officer, effective Sept. 15.

Dallas – Haggar Clothing Co. has hired Eve Richey as chief digital officer, effective Sept. 15. Richey, formerly VP of global digital marketing for Toms Shoes, will be responsible for creating a seamless approach to the consumer experience across a variety of shopping channels.

Richey will report directly to Michael Stitt, CEO of Haggar Clothing Co. She brings more than 14 years of experience developing and executing digital omnichannel strategies and implementing e-commerce solutions for brands such as Toms Shoes and Dell.

 

September 22, 2014

Nearly three-quarters (74%) of U.S. households plan to spend money on Halloween-related items, according to the International Council of Shopping Centers (ICSC) Halloween Consumer Spending Survey.

New York -- Nearly three-quarters (74%) of U.S. households plan to spend money on Halloween-related items, according to the International Council of Shopping Centers (ICSC) Halloween Consumer Spending Survey. The total for Halloween-related spending is expected to be approximately $11.3 billion in 2014.

September 22, 2014

Digital identity solution provider ID.me has unveiled its new retail rewards marketplace, which helps retailers hyper-target influencers and consumer segments with exclusive offers that are protected from fraud.

McLean, Va. - Digital identity solution provider ID.me has unveiled its new retail rewards marketplace, which helps retailers hyper-target influencers and consumer segments with exclusive offers that are protected from fraud. The new product extends ID.me’s coverage from niche affinity groups like the military and students to all consumers.

September 22, 2014

Checkpoint Systems has been selected by global retailing giant Inditex Group to implement radio frequency identification (RFID) technology into its distribution centers.

Thorofare, N.J. -- Checkpoint Systems has been selected by global retailing giant Inditex Group to implement radio frequency identification (RFID) technology into its distribution centers.

Inditex’s RFID implementation project was recently unveiled by chairman and CEO Pablo Isla at the company’s annual general meeting.

September 22, 2014

Junction Solutions was was recognized as the 2014 U.S. Microsoft Dynamics AX Retail Partner of the Year.

Denver -- Junction Solutions was was recognized as the 2014 U.S. Microsoft Dynamics AX Retail Partner of the Year. The company was honored among the top Microsoft partners for demonstrating sales excellence in innovation and implementation of customer solutions based on Microsoft technology.

September 22, 2014

McAlister's Deli has signed an agreement with existing franchise group Southern Deli Holdings LLC to open 10 additional locations throughout North and South Carolina, Colorado and Wyoming, with three locations slated to open in late 2014.

Alpharetta, Ga. - McAlister's Deli has signed an agreement with existing franchise group Southern Deli Holdings LLC to open 10 additional locations throughout North and South Carolina, Colorado and Wyoming, with three locations slated to open in late 2014. In addition, the franchise group recently acquired seven existing locations in St. Louis.

The new development commitments will result in two new restaurants per year during the next five years.

September 22, 2014

Pet Supermarket has recently opened its 150th store in Bartow, Florida.

Sunrise, Fla. - Pet Supermarket has recently opened its 150th store in Bartow, Florida. The per supply retailer now has more than 100 in Florida, as well as stores in Georgia, Alabama, North Carolina, South Carolina, Tennessee, Texas, Kentucky, California and Nevada, and is continuing to consider real estate opportunities in the states and markets it serves, as well as others.

September 22, 2014

As part of its recent Fall Expo Event, Plug and Play, a Silicon Valley-based global investor and technology accelerator that specializes in growing tech startups, held a startup pitch competition with 19 companies that are part of its Brand and Retail Accelerator program.

As part of its recent Fall Expo Event, Plug and Play, a Silicon Valley-based global investor and technology accelerator that specializes in growing tech startups, held a startup pitch competition with 19 companies that are part of its Brand and Retail Accelerator program.

September 22, 2014

Potomac Mills, an outlet and value retail shopping center in the Washington, D.C., area with more than 220 stores, is adding A|X Armani Exchange, Steve Madden, an outlet concept for Swarovski and a first-in-market location for Great American Cookies.

Woodbridge, Va. - Potomac Mills, an outlet and value retail shopping center in the Washington, D.C., area with more than 220 stores, is adding A|X Armani Exchange, Steve Madden, an outlet concept for Swarovski and a first-in-market location for Great American Cookies. Potomac Mills also recently added Factory Outlet, Kate Spade New York Outlet, Charlotte Russe and a first-in-state location for The Limited Outlet.

September 22, 2014

Beleaguered consumer electronics chain RadioShack Corp. said is in talks with an unidentified “major vendor” about modifying a commercial agreement in a way that could benefit a financial restructuring.

Fort Worth, Texas – Beleaguered consumer electronics chain RadioShack Corp. said is in talks with an unidentified “major vendor” about modifying a commercial agreement in a way that could benefit a financial restructuring. But the retailer said there can be no assurances" that talks will prove fruitful.

RadioShack announced the ongoing discussions in a Sept. 22 regulatory filing.

September 22, 2014

When retailers and brands deliver experiences that fail to meet customer needs and expectations, these customers — left feeling confused, frustrated and angry — quickly terminate the relationship and seek other options from competitors.

By Gary Lee, InReality

September 22, 2014

A class-action settlement RadioShack Corp. reached with consumers that offered them $10 vouchers as compensation for printing their credit and debit card expiration dates on receipts has reportedly been overturned by the 7th U.S. Circuit Court of Appeals in Chicago.

Fort Worth, Texas – A class-action settlement RadioShack Corp. reached with consumers that offered them $10 vouchers as compensation for printing their credit and debit card expiration dates on receipts has reportedly been overturned by the 7th U.S. Circuit Court of Appeals in Chicago. According to Reuters, a panel of three federal judges said the total $1 million settlement is too small considering the amount of legal fees that must be paid.

September 22, 2014

British supermarket retailer Tesco suspended four executives, including its U.K. managing director, after revealing that its half-year profit was overstated by $407 million, the BBC reported.

New York -- British supermarket retailer Tesco suspended four executives, including its U.K. managing director, after revealing that its half-year profit was overstated by $407 million, the BBC reported. The retailer has launched an investigation headed by Deloitte.

Tesco CEO Dave Lewis, who took over the struggling company in September, said the decision to ask employees to stand aside was not an indication of guilt or that disciplinary action was warranted. He declined to speculate on what the investigation might turn up.

 

September 22, 2014

Safeway Inc. is offering to pay cash consent fees to holders of three series of senior notes due in 2017, 2018 and 2019.

Pleasanton, Calif. – Safeway Inc. is offering to pay cash consent fees to holders of three series of senior notes due in 2017, 2018 and 2019. Note holders who accept the fees would release Safeway of the obligation to repurchase the notes at 1% interest when its expected fourth quarter merger with Albertson’s LLC occurs.

September 22, 2014

Shopzilla has changed its name to Connexity to highlight its recent transformation from comparison shopping to technology driven marketing solutions.

New York -- Shopzilla has changed its name to Connexity to highlight its recent transformation from comparison shopping to technology driven marketing solutions.

According to the company, its new solutions enable retailers and brands to understand their consumers better, acquire new customers at a lower cost and increase sales based on retail signals that it provides.

September 22, 2014

Sportsman's Warehouse is expanding with new locations in Sheridan, Colorado and Flagstaff, Arizona.

Midvale, Utah - Sportsman's Warehouse is expanding with new locations in Sheridan, Colorado and Flagstaff, Arizona. The Sheridan store will be the fifth Sportsman's Warehouse location in the state of Colorado and the Flagstaff location will be the fourth location in the state of Arizona.

Both of these stores are planned to open in the summer 2015. These locations are part of the eight new stores that Sportsman's Warehouse plans to open in 2015.

September 22, 2014

Online retailers are prioritizing immediate investments in customer-facing tactics such as price, marketing and customer service over strategic infrastructure for the 2014 holiday season.

King of Prussia, Pa. – Online retailers are prioritizing immediate investments in customer-facing tactics such as price, marketing and customer service over strategic infrastructure for the 2014 holiday season. According to the 2014 Holiday Retail Audit, a U.S. survey of more than 1,000 ecommerce and marketing professionals from retailers with revenues of $5 million to $250 million conducted by EBay Enterprise, retailers identified a renewed focus in marketing efforts.

September 22, 2014

Tiffany &Co. plans to offer two series of senior notes, one due in 2024 and one due in 20144, for a total of $500 million.

New York – Tiffany &Co. plans to offer two series of senior notes, one due in 2024 and one due in 20144, for a total of $500 million. The initial purchasers of the notes are expected to be Merrill Lynch, Pierce, Fenner & Smith Inc., Goldman, Sachs & Co., BNY Mellon Capital Markets LLC, J.P. Morgan and Mizuho Securities.

September 22, 2014

Following the successful launch of 3D print in six markets across the country, The UPS Store announced it is is expanding 3D printing services to meet the growing demands of its small business customers to nearly 100 additional locations nationwide.

San Diego -- Following the successful launch of 3D print in six markets across the country, The UPS Store announced it is is expanding 3D printing services to meet the growing demands of its small business customers to nearly 100 additional locations nationwide.