Retail

CLEANCut Featured on “The View”

CLEANCut Featured on “The View”

NEW YORK—The CLEANCut Touchless Paper Towel Dispenser was featured on ABC-TV’s “The View” on Dec. 17. Larry Nusbaum, chief executive officer of Ronco, demonstrated the product for the show’s co-hosts, Whoopi Goldberg and Sherri Shepherd, during a segment on “as seen on TV” products. According to a statement from Clean Cut International, the CLEANCut automaticallyMore »

Macy’s Initiates Round-the-Clock Shopping

Macy’s Initiates Round-the-Clock Shopping

NEW YORK–Fourteen Macy’s stores will remain open all day, every day beginning tomorrow and ending 6 p.m. on Christmas Eve. Half of the stores are located in the New York/New Jersey metro area; the remainder are in the greater Washington, D.C. and Philadelphia metro areas, California, Illinois, Massachusetts, Michigan and Minnesota. Macy’s has offered 24-hourMore »

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 »