Retail

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 »

Online Holiday Spending Reaches $22 Billion

Online Holiday Spending Reaches $22 Billion

RESTON, Va.—Spending on the Internet for holiday gifts has reached $22 billion for the Nov. 1-Dec. 10 period, according to comScore, the digital-business research firm. That total represents a 12 percent gain in online holiday sales over the same period in 2009. Online spending last week was $5.2 billion, up 11 percent year over year.More »

Walmart to Close Moscow Office

Walmart to Close Moscow Office

BENTONVILLE, Ark.—Walmart will close its office in Moscow, but will continue to pursue opportunities to open the Russian market. According to a statement from the retailer, “it remains interested in entering the Russian market through an attractive acquisition.” Doug McMillon, chief executive officer of Walmart International, called Russia “a compelling retail opportunity. Since we haveMore »

Bed Bath & Beyond Tests Merchandise of Retailer Cost Plus

Bed Bath & Beyond Tests Merchandise of Retailer Cost Plus

OAKLAND, Calif. — Specialty retailer Cost Plus, Inc. has confirmed that Bed Bath & Beyond is testing its consumable products in three stores, located in San Diego, Totowa, N.J. and Elmsford, N.Y. Cost Plus said in a statement that it continually evaluates merchandising initiatives, such as this one. Known for its casual home living andMore »

Abrams, Founder of Three D, Dies

Abrams, Founder of Three D, Dies

BALBOA ISLAND, Calif.—Bernie Abrams, founder and former chairman of specialty retailer Three D Departments, has died. He was 90. Abrams founded the company in 1957, and led it to become a national presence in home-furnishings retailing. It eventually encompassed Three D Bed and Bath and Linens Plus locations in California, Connecticut and Arizona. Abrams retiredMore »