Retail

NRF Convention Marks Association’s 100th Anniversary

NRF Convention Marks Association’s 100th Anniversary

NEW YORK—The National Retail Federation’s Annual Convention, which is taking place this week at the Jacob K. Javits Convention Center here, is celebrating the association’s 100th anniversary. In recognition of the event, Mayor Michael R. Bloomberg has proclaimed the period from Jan. 8-12 National Retail Week in New York City. More than 18,500 attendees andMore »

Retailers Register Laggard December Same-Store Sales

Retailers Register Laggard December Same-Store Sales

NEW YORK—After hitting the accelerator in November, major U.S. retail chains saw their same-store sales numbers brake somewhat last month, despite the holiday season. In the department-store channel, Dillard’s led the way with an impressive 7 percent comparable-store gain, on top of its 8 percent increase in November. Both Kohl’s and Macy’s reported 3.9 percentMore »

Eddy, Catuna Promoted at BJ’s; Company to Restructure Operations

Eddy, Catuna Promoted at BJ’s; Company to Restructure Operations

NATICK, Mass.—As rumors continued to circulate about a possible takeover, BJ’s Wholesale Club announced several personnel and operational moves this morning. Robert Eddy, senior vice president and director of finance, and Cornel Catuna, senior vice president of field operations, have been promoted. Eddy will assume the post of executive vice president and chief financial officer,More »

First-Quarter Net Rises 10 Percent for Family Dollar

First-Quarter Net Rises 10 Percent for Family Dollar

MATTHEWS, N.C.—Net income for Family Dollar increased 9.9 percent to $74.3 million in its fiscal first quarter, which ended on Nov. 27. The discount retailer benefited from a 9.5 percent jump in net sales in the quarter, which totaled $2 billion and which included a 6.9 percent increase in same-store sales. Howard Levine, chairman andMore »

Macy’s to Expand E-Commerce Business

Macy’s to Expand E-Commerce Business

CINCINNATI–In an effort to bolster its growing online business, Macy’s Inc. is creating roughly 725 positions over the next two years in New York, San Francisco and Atlanta to support macys.com and bloomingdales.com. “Macy’s, Inc. is building one of the largest, most efficient and resourceful e-commerce organizations in American retailing as part of our comprehensiveMore »

BJ’s Stock Rises on Takeover Speculation

BJ’s Stock Rises on Takeover Speculation

NEW YORK—Speculation of a hostile bid to acquire BJ’s Wholesale Club has sent the warehouse club’s stock climbing over the past week. Last week, The New York Post reported that Leonard Green & Partners, a California-based private-equity company, is planning a bid to acquire BJ’s. As of the end of trading yesterday, BJ’s stock priceMore »

Shoppers Look to Buy More Home Furnishings 2011

Shoppers Look to Buy More Home Furnishings 2011

COLUMBUS, Ohio–U.S. consumers are planning to buy more home furnishings this year, according to a report from Kantar Retail. The research firm’s monthly ShopperScape update said 35 percent of shoppers surveyed in October are either very or somewhat likely to buy home furnishings in the New Year, up from 30 percent in the same surveyMore »