Retail

Strong November Sales Launch Holiday Season for U.S. Chains

Strong November Sales Launch Holiday Season for U.S. Chains

NEW YORK–Major U.S. retail chains enjoyed a prosperous beginning to the holiday season, reporting same-store sales increases for November. The surprising leaders among the chains tracked by HFN were J.C. Penney with a 9.2 percent increase in same-store sales, and Dillard’s with an 8 percent pickup. Both chains had tended to be among the weakerMore »

Pier 1’s Comp-Store Sales Rise 10.2 Percent in Q3

Pier 1’s Comp-Store Sales Rise 10.2 Percent in Q3

FORT WORTH, Texas–Same-store sales for Pier 1 Imports grew 10.2 percent in the third quarter, according to a preliminary report on its quarterly results from the specialty retailer. The comparable-store increase occurred on top of a 13.7 percent same-store gain in the third quarter of last year. Total sales for the quarter reached $354 million,More »

Belk Posts $4.2 Million Net Loss in Third Quarter

Belk Posts $4.2 Million Net Loss in Third Quarter

CHARLOTTE, N.C.—Department-store retailer Belk reported a net loss of $4.2 million in its fiscal third quarter ending on Oct. 30, as opposed to net income of $400,000 for the third quarter of last year. In a statement on the results, Tim Belk, chairman and chief executive officer, attributed the red bottom line to increased costsMore »

Henri Bendel Holiday Displays Incorporate Crystorama Chandeliers; One Facebook Fan Will Win One

Henri Bendel Holiday Displays Incorporate Crystorama Chandeliers; One Facebook Fan Will Win One

WESTBURY, N.Y.–Crystorama chandeliers are part of Henri Bendel’s The Nutcracker-themed display at its Fifth Avenue store in New York this holiday season.  Made with Swarovski Spectra crystals, the 10 chandeliers are incorporated in both the window and atrium displays of the legendary retailer. Referencing Act 1 of The Nutcracker, the window display reflects a theaterMore »

Cyber Monday Spending Tops $1 Billion

Cyber Monday Spending Tops $1 Billion

RESTON, Va.—U.S. consumers spent more than $1 billion online on Nov. 29, the so-called Cyber Monday, according to comScore, a research firm that tracks web spending and the digital market. Cyber Monday’s online spending total represented a 16 percent increase over Cyber Monday last year, making it the biggest day for online spending in history,More »

Consumer Confidence Gains in November

Consumer Confidence Gains in November

NEW YORK—U.S. shoppers have entered the holiday season somewhat more upbeat, according to the latest consumer confidence index from The Conference Board. The index picked up 4.2 points from October to November, to 54.1. Both of its key component indexes, present situation and expectations, also rose. Expectations provided most of the fuel by rising 6.7More »

Kohl’s Promotes Brennan, Worthington, Eskenasi and McDonald

Kohl’s Promotes Brennan, Worthington, Eskenasi and McDonald

MENOMONEE FALLS, Wis.—Four key executives at Kohl’s have been promoted to new posts. Don Brennan, senior executive vice president, has been named chief merchandising officer, responsible for all of the retailer’s merchandising divisions, merchandising planning and allocation, and e-commerce. Brennan has also assumed oversight over product development. John Worthington, senior executive vice president, has becomeMore »