Six Retailers That Are Thriving
from The Kiplinger Letter
 Linens 'n Things, Circuit City, KB Toys and Sharper Image are just a few of the household names that have succumbed to the hostile climate. But, a small number of retail companies are quietly thriving. Some are big enough to offer the best deals on the essentials, some benefit from the demise of rivals, and others offer products too near to customers' hearts for them to forgo. More
Best Buy Recycling Program Now Up and Running
from Dealerscope
Best Buy said that its new recycling program is now in effect at all 1,006 of its U.S. stores. The program launched in some stores last year; the chain announced last month that it would expand to all stores. The program allows customers to bring two units a day to its stores for recycling, including everything from televisions and monitors to VCR and DVD players. More
Wal-Mart Outpaces a Weak Economy
from The New York Times
After posting results that showed it was benefiting more than any American retailer from the recession, Wal-Mart Stores proffered some new year’s resolutions: hang on to its millions of new customers for the long haul, and widen its influence on national issues like the environment, energy and health care. On the surface, Wal-Mart’s profits were hardly spectacular, falling 7.7 percent for the three months that ended Jan. 31. The company's sales for the quarter set a record and beat Wall Street expectations. More
Retailers' Loss of Revenue Hammers City and State Budgets
from USA Today
In the world of shopping centers, strip malls and the cities that house them, a closed Ann Taylor here or an out-of-business Circuit City there might not matter much. But the timing and immensity of the current downturn in retail are dire, and not just for the employees who lose jobs, the company shareholders and the shoppers who no longer can buy from their favorite stores. Cities — entire regions, even — that boomed as Americans shopped till they almost dropped for more than a decade are struggling mightily because spending has almost slammed to a stop. More
Retailers Face Off with Name Brands in Recession
from Reuters
U.S. retailers are increasingly pitting their own products against national brands to win sales and that battle will only get fiercer in a prolonged recession. From Wal-Mart Stores Inc. to Target Corp. to drugstore chains, retailers are trying to boost profits by introducing or revamping their own branded products, such as food, tissues and detergent. More
Brokers, Developers Optimistic About Future of Local Shopping Centers
from The Beaufort Gazette
The difficult economy has slowed − but hasn't stopped. Despite the "For Rent" signs in the windows of empty storefronts after seven years of development, Millennium Real Estate Group and broker-in-charge at Port Royal Center are confident about the center's future. More
Atlanta Suburb to Get First Latino-centric Publix
from The Atlanta Journal-Constitution
Do you have the sombrero? Has it arrived yet?" It’s not the kind of question a grocery store manager overseeing the final details of a renovation would normally expect from a contractor. But for Marco Guillen, it’s all in a day's work. Guillen is the point man on Publix Super Markets' newest experiment — the first store outside the company's home turf in Florida designed to appeal to Hispanic shoppers. More
For Fine Recession Wear, $7,000 Suits From Saks
from The New York Times
For years, executives of Saks Fifth Avenue have been wooing one of the world’s most exclusive men’s wear lines. They made trips to Italy, where Kiton apparel is carefully sewn by hand and doled out to retailers in modest quantities. Gradually, they were able to offer a limited selection in places like Beverly Hills and Chicago. Finally, Saks’s dream of opening a sumptuous Kiton boutique in New York came true — just in time for the worst recession in 70 years. More
Smudging the Line Between Restaurant, Retailer
from Restaurant News and Views
Once upon a time, restaurateurs and their investors questioned the wisdom of dabbling in retail. If consumers can eat your specialties at home, they reasoned, why bother visiting the restaurant? But today, with supermarkets sporting all sorts of products emblazoned with restaurant logos, investors are asking a decidedly different question: Why aren’t you jumping on that (Bob Evans-brand) gravy train? More
Chain Store Sales Get Valentine Surprise
from The Los Angeles Times
Shopping centers got a little boost last week as seasonally warm weather, Valentine's Day and hearty discounts lured U.S. consumers out of their homes and into malls. Chain store sales rose 0.9 percent for the week ended Saturday compared with the previous week, a report from the International Council of Shopping Centers Inc. and Goldman Sachs said. More
January Same-store Sales Down at Ross, But Outlook Up
from San Francisco Business Times
Ross Stores Inc.’s same-store sales in January fell 1 percent year over year, while overall sales were up 4 percent. Ross put its sales for the fourth quarter ending Jan. 31 at $1.73 billion, up 5 percent compared with $1.65 billion for the comparable period last year. Same-store sales for the fourth quarter were down 1 percent versus a year ago. More
Tween Brands Hopes Justice Scores with Strapped Shoppers
from The Columbus Dispatch
How do you tell customers that you've changed from a pricey brand to a more affordable one? In this economy, you have a big sale and prove it. Tween Brands' Justice stores recently kicked off a five-day promotion highlighting their takeover of the Limited Too chain by discounting the entire inventory of girls' apparel and accessories by 40 percent −that's off prices that already were up to a third lower than Limited Too's had been. More
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