Retail

Lavazza to Purchase Stake in Green Mountain

Lavazza to Purchase Stake in Green Mountain

WATERBURY, Vt.–Green Mountain Coffee Roasters and Luigi Lavazza S.p.A. have formed an agreement in which Lavazza will purchase a stake in Green Mountain. The two companies are also working on a further agreement through which they will develop single-serve espresso machines. Under the terms of the purchase deal, Lavazza will buy $250 million of newlyMore »

Retail Container Traffic to Rise 16 Percent in September

Retail Container Traffic to Rise 16 Percent in September

WASHINGTON–Import cargo volume at the nation’s major retail container ports is expected to increase 16 percent this month, according to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates. The push will come from the need for stores to stock up on holiday merchandise, according to Jonathan Gold, NRF’s viceMore »

Anchor Hocking to Open Online Store

Anchor Hocking to Open Online Store

LANCASTER, Ohio–The Anchor Hocking Company will soon launch its new online store, so consumers can peruse its line of glass drinkware, servingware, storage and bakeware, as well as items from the Anchor Home, Anchor Signature and Stölzle Stemware collections. The store can be accessed through anchoronline.com or anchorhocking.com.  “The online store will offer a numberMore »

Fashion’s Night Out Scheduled for Sept. 10

Fashion’s Night Out Scheduled for Sept. 10

NEW YORK–Scheduled for this Friday, Sept. 10, Fashion’s Night Out is a global event that celebrates and supports the fashion and retail industries with full-price shopping. Participating retailers, found at fashionsnightout.com, will host parties and performances that night for the event, which runs from 6 to 11 p.m. In New York, participating retailers include EthanMore »

Reports: Ikea to Sell Second-Hand Furniture

Reports: Ikea to Sell Second-Hand Furniture

KRONOBERG, Sweden—Known for its affordable furniture and accessories, Ikea has begun to sell used as well as new furniture, according to online reports. This week, the retailer began selling second-hand Ikea products online in Sweden, with the intention of extending the program to other foreign outlets. “It is about taking an environmental responsibility for howMore »

Chains Post Gains in Same-Store Sales

Chains Post Gains in Same-Store Sales

NEW YORK–The major U.S. retail chains registered a generally positive August in terms of their same-store sales. The largest increases came from the department-store channel. Kohl’s led the way with a pickup of 4.5 percent in same-store sales, followed by Macy’s at 4.3 percent. J.C. Penney finished August with a 0.8 percent increase, while Dillard’sMore »

Pier 1 Sales Rise 8 Percent in Second Quarter

Pier 1 Sales Rise 8 Percent in Second Quarter

FORT WORTH, Texas–Second-quarter net sales for Pier 1 Imports increased 8 percent to $310 million, according to a preliminary report on the quarter from the specialty retailer. The sales gain included same-store sales growth of 11.2 percent. Alex Smith, Pier 1’s president and chief executive officer, said August was a particularly strong month for theMore »