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Retail sales in July rise by the highest rate
in 5 months

Los Angeles Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Shoppers lent a helping hand to the economy in July as retail sales grew by the largest amount in five months, bolstering hope that consumers will continue to buy despite worries over a stubbornly high unemployment rate. The Commerce Department said sales rose 0.8 percent last month, beating economist expectations of a more modest 0.3 percent jump. The positive sign follows three previous months of declines that included a 0.7 percent drop in June. More
Related articles:
Retail sales bounce back in July (Forbes)
Retail rebound sparks hope (Boston Herald)

Dollar Tree grows 77 more stores
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sales for the second quarter ended July 28 increased 10.5 percent to $1.7 billion thanks to a 4.5 percent increases in same store sales and the addition of 77 new Dollar Tree stores, the company announced. Net income increased 25.6 percent to $119.2 million and earnings per share increased 30.8 percent to 51 cents. The profit performance met analysts’ estimates, but guidance for the third quarter in the range of 47 cents to 51 cents was a penny less than the 52 cents Wall Street expected and shares of the company sold off sharply after the earnings report. More
Related story:
Dollar Tree 2Q profit up on higher sales (The Associated Press via San Jose Mercury News)

7-Eleven is buying Tetco stores and wholesale gasoline business
The Dallas Morning News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
7-Eleven Inc. is getting back into the San Antonio market and expanding its wholesale gasoline business. The Dallas-based convenience store chain said that it has signed an agreement to purchase retail and wholesale assets from San Antonio-based Tetco Inc. The deal includes at least 180 stores that will be rebranded as 7-Elevens and a wholesale gasoline supply network of about 550 customers. More

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How to uncover and understand the value of Big Data
National Retail Federation (blog)    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A recent study that reported that 80 percent of retailers are aware of Big Data, yet only about 40 percent know how to use it in their business. More

Target takes aim at Canada, with plans to open 6 stores in Calgary
Montreal Gazette    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The combination of affordable goods, marketing prowess, and style has made Target the second largest discount retailer in the United States. Now, the chain has its sights set on Canada, with 125 to 135 locations — six in Calgary — expected to open before the end of 2013. As early as this week, two Calgary Zellers locations will close their doors for good, ready to be transformed into a new retail space that will look very familiar to cross-border shoppers. More

Hunzicker Brothers: Your Lighting Partner

As your commercial lighting specialist, we will provide you with the highest quality and energy efficient products for maintenance, relamp, special projects, and remodels. MORE
Atlas Sign Industries

Nothing promotes your business like the sign which identifies it. We offer a full line of in house manufacturing from pylon and monument signs, to iluminated channel letters and large format digital printing. MORE

As TJX proves, bargains can be fashionable
Barron's    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Normally when a company's earnings forecast falls short of consensus estimates, investors drop the stock like last year's fashion. But off-price retail giant TJX Cos., the parent of the T.J. Maxx, Marshalls and HomeGoods chains, remains as good a deal as most of its low-priced inventory. More

IKEA plans stylish budget hotel chain in Europe
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
IKEA, best known as the world's largest furniture retailer, plans to build a budget hotel chain across Europe, following a trend for cheap-but-cool accommodation driven by low air fares and increasingly price-conscious business travelers. The 100 hotels, which will not feature IKEA's eponymous flat-pack furniture nor its brand name, represent the company's biggest real estate development to date. More

Walmart profit up despite slowing international growth
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Walmart Stores Inc.'s full-year profit may miss Wall Street expectations as growth slows in international markets, pressuring the world's largest retailer even as its U.S. discount stores continue to rebound. Walmart, viewed as a barometer of economic activity, on Thursday said its customers are still strapped, and spend more at the beginning of the month when they get their paychecks. That "paycheck cycle" has reached beyond the United States. More

Home Depot reports earnings are up 12 percent
NPR    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Home Depot, an Atlanta-based home improvement chain, reported it's beginning to see improving signs in the housing market. Company officials told analysts that homeowners are taking on more small projects around the house. More

Siemens Retail & Commercial Systems

Siemens Site Controls energy management platform enables chain retailers, restaurants and banks to improve profitability by controlling energy and maintenance costs. Site Controls monitors energy-consuming devices through on-site hardware connected to a cloud-based data center. By providing analytics across thousands of locations, Siemens Retail & Commercial Systems helps retailers create compelling shopping experiences while saving money, reducing emissions, and improving business efficiency. MORE

Walgreens campaign touts its history of innovation
MediaPost    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Walgreens may be viewed as a corporate giant chain in the minds of many people, but in fact, its history is rooted in the corner drugstore nostalgia of a bygone era. The Deerfield, Ill.-based company is looking to bring some of that history to light with a new brand campaign from GSD&M. In its first work for the retailer since winning the advertising account last May, the Austin, Texas-based agency looks to tout the company’s 111-year-history of innovation. More

Costco, the genuine retail CSR leader?
Triple Pundit    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Could Costco possibly be the most genuine leader when it comes to corporate social responsibility (CSR) and governance? Retailers across the country constantly crow about the achievements they have made on a bevy of issues from more sustainable fish (Safeway) to solar installations (Walmart). Other retailers are yanking the chains on pork producers to cease the cruel use of gestation crates and of course just about everyone is on the organic and local produce bandwagon. More

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Swirl ties online content to what's in store
Internet Retailer    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With $6 million in backing from outside investors, Swirl launched as an e-marketplace that lets consumers recommend products to one another and shows the location of physical stores where Swirl users can buy featured items. More

Spanx firms up plans for standalone stores
Brandchannel    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Spanx founder Sara Blakely is now a household name, appearing in People magazine and on the cover of Forbes as the youngest self-made female billionaire in its history of ranking billionaires — all thanks to the stunning success of her cheeky brand of body-contouring shapewear. Currently sold online and "within bigger department stores and boutiques" in 40 countries, the Atlanta-based Spanx brand that she founded with $5,000 of her life savings is gearing up to expand into standalone branded stores, starting with the U.S., in the fourth quarter. More

Toys'R' Us continues expansion in China with the opening of its 1st stores in Beijing
BusinessWire via MarketWatch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
By September, Toys 'R' Us, Inc. will operate 30 stores in 21 cities throughout China. The toy company announced that it continues its expansion across China with the opening of its first stores in Beijing. The company will make its debut in Northern China with two new stores on the eastern side of the capital city. More

Macy's leads industrywide shoe expansion on 50 percent margins
Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Macy's Inc. is opening what it calls the world's largest women's shoe department at its New York flagship store beginning this month. Barneys New York Inc. just opened a unisex shoe floor, and Saks Inc. is expanding its 10022-SHOE concept at its main store and rolling it out to more branches. More


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A new day dawns for discounter Ross Stores
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A new era is beginning at Ross Stores, as the company set out plans to elect a new CEO in 2014. At the same time, the company continues to put its trust behind vice chairman and CEO Michael Balmuth, agreeing to extend Balmuth's employment agreement through May 2016. More

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6 US retailers set to invade Canada's malls
CBC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It hasn't been such a smooth ride for Canadian retailers lately. Montreal-based clothing chain Le Chateau has struggled to keep its head above water amid dwindling sales and higher inventory for several quarters in a row. More

Kay Krill on giving Ann Taylor a makeover
Bloomberg BusinessWeek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Building on the success of her Loft division, Kay Krill is making over Ann Taylor with smaller stores and cheaper clothes. She talks with Carol Hymowitz about shopping during the downturn. More

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