Retail

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 »

Online Spending Up 13 Percent During 2010 Holiday Season

Online Spending Up 13 Percent During 2010 Holiday Season

RESTON, Va.–Online spending for the Nov. 1-Dec. 26 holiday period totaled $30.8 billion, an increase of 13 percent over the same period in 2009, according to comScore, the web-spending research company. This included a 17 percent jump in online holiday spending registered in the final week of that period. Gian Fulgoni, comScore’s chairman, said theMore »

Retailers Woo Savings-Minded Shoppers

Retailers Woo Savings-Minded Shoppers

By Barbara Thau The recession might be officially over, but consumer spending has not returned to its heady 2006 levels. In turn, home furnishings retailers are settling in to the new normal by playing up the lower-price point fare in their product assortments, crafting value-oriented marketing messages and cooking up new promotional strategies to keepMore »