Outdoor outfitter Cabela's has announced plans to build its first retail store in Colorado next year.
Target Corp. is outsourcing the mobile-phone departments inside its stores to RadioShack Corp.
Airline tickets, gasoline, video-game systems — a wide variety of products have been the target of price wars. It's been rare to see literature a part of that list, though, until now.
NAPERVILLE, IL-OfficeMax has completed its major store closures, executives said at the company’s third quarter conference call. The retailer shuttered some 100 units since 2006, with two-thirds of the chain’s leases coming up for renewal in five years.
Home furnishings and accessories retailer Z Gallerie said late Tuesday it has emerged from Chapter 11 bankruptcy and completed its recapitalization in less than six months.
American retail chains panicked last holiday season as they stared at overstocked shelves and wondered, "How will we sell all this stuff?" Their response to the collapse of the economy--namely, to markdown everything in sight and cross their fingers--was a last-minute act of desperation. Because they spent the past year ruminating about worst-case scenarios, however, many retailers now face a new problem as the holidays actually approach, says Stevan Buxbaum, executive vice president of Agoura Hills, Calif.-based Buxbaum Group, the consulting and turnaround investment firm.
Sears took “Christmas creep” one step further Wednesday, pitching its weekly sales as “Black Friday doorbuster” deals before Halloween.
Target is rolling out fresh food in 30 Philadelphia-area stores.
Holiday retail sales will grow by a solid if not spectacular 2.4% year-over-year, a sharp turnaround from last year’s unprecedented 4.1% decline, according to a new report from Customer Growth Partners. In its annual Holiday Sales Forecast, the firm noted that its estimate of $502 billion in predicted 2009 November-December sales still lagged the peak $511.1 billion in 2007 sales-- and were barely above the $497.1 billion level seen in 2006.
Big-box retailer overhauling a look that some customers say is too plain
After a solid quarter, Buffalo Wild Wings is on the path to becoming a worldwide brand, executives said at the company’s third quarter conference call.
Costco Wholesale plans to accept food stamps at its warehouse stores nationwide, a major shift for a company that earlier this year said it doubted there would be enough demand among customers to warrant accepting food stamps in even one market, New York City.
Super 88 LLC, the parent company of an Asian grocery chain owned by a local father-son business team, filed for Chapter 11 bankruptcy protection Monday, putting the chain’s potential sale on hold.
After battling a terrible economy for the past year, Limited Brands thinks that better times are ahead.
CAMP HILL, Pa. (Oct. 27) Rite Aid on Monday successfully completed its previously announced plan to refinance its existing first lien accounts receivable securitization facility and second lien accounts receivable securitization facility due September 2010. As a result of the refinancing, Rite Aid has refinanced all of its September 2010 debt maturities.
In some ways, there's something comforting about the way retailers are gearing up for Black Friday, that make-or-break kickoff to the holiday season. Stores like Target are already shoving aisles of Christmas items in between the Halloween costumes. And advertising circulars are already being leaked to deal-finding websites, creating a buzz retailers count on to build traffic.
Ahead of the holidays, Toys R Us is opening FAO Schwarz boutiques in some of its stores and relaunching the iconic toy store's Web site.
NEW YORK (Fortune) -- It seems like only days ago that Wal-Mart was the most evil company on the planet.
Some cash with your coffee? Citizens Bank has opened the first ever full-service branch inside a Dunkin’ Donuts shop so consumers can have a one-stop shop for their banking and bakery needs. Located at 815 South Main St. in Bellingham, the branch features three teller windows and a full-service ATM and is open for business seven days a week.
DEERFIELD, Ill., Oct. 23, 2009 - Walgreen Co. today announced a definitive agreement in which the company agreed to acquire the assets of 12 Eaton Apothecary pharmacies in the Boston area from D.A.W., Inc., a subsidiary of Nyer Medical Group, Inc. The transaction is valued at approximately $19 million.. . . more
Seacoast's commercial real estate market may be rebounding; brokers see positive signs
American Eagle Outfitters on Wednesday debuted its new children’s concept, 77kids by american eagle, in a pop-up holiday store at The Mall at Robinson, Pittsburgh. It is the first brick-and-mortar environment for the brand, which was launched online in October 2008. The company plans to open permanent 77kids stores in 2010.
Supervalu said Tuesday that the discount grocer plans to double its chain size to 2,400 stores during the next five years.
Wal-Mart Stores has launched its holiday price-cuts program. Starting Wednesday, Oct. 21, and lasting through the holiday period, the chain will announce new pricing reductions each week, beginning with select items in groceries and entertainment.
Microsoft served notice on archrival Apple on Thursday with the Scottsdale opening of what will likely become a global chain of retail electronics stores.
Wal-Mart Stores' Sam's Club will cut prices on specific items, offer more everyday goods like food and health-and-beauty items, and edit its assortment of general merchandise.
P.F. Chang’s China Bistro will begin ramping up the expansion of Pei Wei in the next two years, executives said at the company’s third quarter conference call.
Filene’s Basement is launching its biggest advertising campaign in a decade, with network and cable television spots, newspaper ads, and gift card giveaways to celebrate the brand’s 100th anniversary.
For more than four decades, Swiss Farms drive-through convenience stores have been providing a quick and easy way for Delaware County residents to grab a gallon of milk or a loaf of bread on the way home from work.
Michaels Stores Inc., the largest arts-and-crafts retailer in North America, opened its first Manhattan location as it tests an expansion into big cities.
Wal-Mart expected to outline price-cutting strategies; some expect accelerated store growth
Business leaders from New England expect a “slow recovery ... in 2010,” a Federal Reserve Bank of Boston report released Wednesday states.
American Eagle Outfitters on Wednesday debuted its new children’s concept, 77kids by american eagle, in a pop-up holiday store at The Mall at Robinson, Pittsburgh. It is the first brick-and-mortar environment for the brand, which was launched online in October 2008. The company plans to open permanent 77kids stores in 2010. . . . more
America may run on Dunkin’ Donuts coffee, but one local bank is hoping a branch inside one of the coffee giant’s stores may add its own version of liquidity to customers’ fiscal diets.
It’s almost Halloween - time to think about what scares you. What gives you bad dreams, what makes you shake and sweat, what represents the ultimate in frightfulness? We’re told by the AP, via the New York Times, that venerable Halloween purveyor Rubie’s Costume Company has delivered 15,000 rubber Bernie Madoff masks, with more to follow. Spooky.
For months, the buzz has been that commercial real estate—with $3.4 trillion in outstanding debt, $1.4 trillion of which is coming due by the end of 2012—would precipitate the next leg in the credit crisis and possibly derail the broader economic recovery. To some, that mountain of debt coming due represents a clear parallel to the trillions of dollars in residential loans that helped destroy more than 100 banks and made the current recession the deepest and longest since the Great Depression.
Determined after a comprehensive review to become "America’s neighborhood grocer," Supervalu will now use and expand its brands in an integrated--rather than geography-specific way--to enhance its growth, executives said in the company’s second quarter conference call. One result will be the doubling of Save-A-Lot stores over the next five years.
Toys “R’’ Us Inc. will open several temporary Holiday Express stores in Greater Boston..jpg)
According to NRF’s 2009 Holiday Consumer Intentions and Actions Survey, conducted by BIGresearch, U.S. consumers plan to spend an average of $682.74 on holiday-related shopping, a 3.2% drop from last year’s $705.01.
Ahold here said sales at its Stop & Shop and Giant of Landover division were up 1.9% in the third quarter, to $4 billion, as comparable-store sales rose 0.6% at Stop & Shop and 2.7% at Giant-Landover.
Swedish chain raises 2009 target from 225 stores to 240
With earnings season getting into full swing this week, investors are looking for signs that companies can grow their sales, not just fire workers to preserve profits. Consumers, who drive much of this country’s economic growth, have mostly stayed on the sidelines, though, thanks to high unemployment and continuing home foreclosures. Restaurants may be the place to look for hints of a consumer rebound as families decide where to start spending their extra cash again, says analyst Larry Miller of RBC Capital Markets.
PROVIDENCE — Price-conscious consumers in 2008 began preparing more food at home and buying more takeout meals rather than sitting down to dinner in restaurants, boosting the prospects of operations that offer cheap eats.
YONKERS-The $225 million redevelopment of Cross County Shopping Center here has taken another major step as Brooks Shopping Center LLC has secured a $135 million first mortgage, said Dollar Land Associates LLC, Brooks’ owner.
From Intel Corp. to TJX Cos., it’s beginning to look a lot like the retail holiday season will be happier than forecast.
Michaels, North America's largest arts and crafts specialty retailer, sets a new standard in the category with its first Manhattan store featuring a unique new urban store design that focuses on providing creative inspiration with more than 30,000 products.
Walmart is strengthening the management of its small Neighborhood Markets, the supermarket-style stores that represent a potential avenue for future growth as the expansion of its huge Supercenters slows.
