Retail

Pier 1 Net Falls 46 Percent in Third Quarter

Pier 1 Net Falls 46 Percent in Third Quarter

FORT WORTH, Texas—Although it was the company’s fifth consecutive quarter with a profit, Pier 1 Imports’ net income dropped 46 percent to $21 million in its fiscal third quarter. In its statement detailing the results, the company noted that last year’s bottom line received a $55.9 million boost from an income-tax benefit that stemmed fromMore »

Retail Container Traffic Expected to Grow 9 Percent in December

Retail Container Traffic Expected to Grow 9 Percent in December

WASHINGTON—Import cargo volume at the nation’s major retail container ports should increase nine percent this month, according to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates. In addition, 2010 should end with a 17 percent in retail container traffic. To Jonathan Gold, NRF’s vice president for supply chain andMore »

Green Monday Shopping Logs 12 Percent Increase

Green Monday Shopping Logs 12 Percent Increase

RESTON, Va.—Consumer spending online on Green Monday earlier this week rose 12 percent over last year, totaling $954 million, according to research by comScore, the digital-marketing research firm. A designation for the second Monday in December, Green Monday has historically represented one of the peak days in online spending for holiday gifts. This year’s totalMore »

Retail Sales Rise for Fifth Straight Month

Retail Sales Rise for Fifth Straight Month

WASHINGTON—U.S. retail sales reached $378.7 billion in November, up 0.8 percent over October and marking the fifth consecutive month of growth, according to this morning’s report from the U.S. Department of Commerce. The total also represented a gain of 7.7 percent over November 2009. The increase included a 2.8 percent month-over-month gain by department storesMore »

New Macy’s Fulfillment Center to Support Online Business

New Macy’s Fulfillment Center to Support Online Business

CINCINNATI–Macy’s, Inc. will build a major fulfillment center near Martinsburg, W.Va., to support the continued growth of its online business, the company announced this morning. Construction on the 1.3 million-square-foot facility, located about 80 miles northwest of Washington, D.C., is expected to begin in spring 2011; order shipments, primarily to customers in the Northeast andMore »

Best Buy Net Slips in Third Quarter

Best Buy Net Slips in Third Quarter

MINNEAPOLIS—A drop in revenue and a slight increase in expenses pushed Best Buy’s net income down 4.4 percent in its third quarter, to $217 million. Revenue declined 1.1 percent to $11.9 billion in the quarter, which ended Nov. 27.  This falloff included a 3.3 percent drop in same-store sales, including a decrease of five percentMore »

Lillian August Opens Manhattan Location

Lillian August Opens Manhattan Location

NEW YORK–Home furnishings and interior design retailer Lillian August opened its fifth location last month and its first freestanding store outside Connecticut, where it is based. The 17,000 square-foot space here on West 20th Street aims to be a one-stop resource for both consumers and interior designers, Dan Weiss, president and chief executive officer, toldMore »

’Tis the Season for Pop-Ups

’Tis the Season for Pop-Ups

Teaming the temporary pop-up store with the holiday season presents an ideal way to reach consumers this month, and three made their way to New York City. Real Simple magazine held its first pop-up here in Rockefeller Center (in the same space QVC had its in September). More than 90 products were available on theMore »