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USA Today Share     Consumers bought less clothing and footwear in April than they did in the same month last year but opened their wallets for electronics, major appliances and status goods, purchase data released show. The month's rainy weather contributed to mixed results, including a sharp increase in online sales, according to the latest numbers from MasterCard Advisors' SpendingPulse. It was the ninth-straight month that online sales rose compared with a year earlier. More
The Home Depot Foundation donates $115,000 to flood clean up and rebuilding efforts in Nashville, Tenn. PR Newswire Share
The Home Depot Foundation and associates from The Home Depot are joining in the relief efforts in the aftermath of the floods that have caused significant damage in Nashville and throughout Middle Tennessee. The Home Depot Foundation has committed $100,000 to The Community Foundation of Middle Tennessee, which has mobilized two relief funds, the Metro Nashville Disaster Response Fund and the Tennessee Emergency Response Fund. "The widespread flooding throughout Nashville and Middle Tennessee is devastating on many levels, from the personal loss of homes and destruction of neighborhoods, to the immediate safety and relief issues to the longer term rebuilding needs," said Kelly Caffarelli, president, The Home Depot Foundation. More Fresh Market going public St. Petersburg Times via tampabay.com Share
Fresh Market Inc., a gourmet food retailer that emphasizes quality perishables in compact grocery stores, has filed plans to raise up to $345 million in its first public stock offering. The Greensboro, N.C., company operates two stores in the Tampa Bay area and hopes to open a third under construction in St. Petersburg by the end of 2010. Its stores generate two thirds of their business from deli meats, seafood, produce and baked goods. More
Dollar Tree noted for 2009 success The Virginian-Pilot Share
Dollar Tree joined an elite group in the Fortune 500 last year. Fortune magazine's website recently highlighted 23 companies "who laughed at the recession" by racking up double-digit growth in sales and profits in 2009. The list is topped by the insurance company USAA followed by trash management company Republic Services and Wells Fargo, the West Coast bank that is absorbing Wachovia. More JCPenney applies energy efficiency to GHG reduction goals GreenBiz Share
JCPenney announced its latest environmental goals: By 2015, the retailer plans to reduce the energy used per square foot of real estate by 20 percent. The company will achieve this goal largely through investments in energy efficiency, including installing smart meters, building management technologies, lighting retrofits and more efficient heating and air conditioning systems. More
Movie Gallery, Hollywood Video to close all locations The Chronicle Share
Movie Gallery Incorporated, the parent company of Movie Gallery, Hollywood Video and Game Crazy stores, will close all its U.S.-based locations, according to a report by the Wall Street Journal. The company has two locations in the Twin Cities: Movie Gallery is located in the Twin City Town Center in Chehalis, and Hollywood Video is located on the corner of Harrison Avenue and Johnson Road in Centralia. More
Hot list: 10 grocery retailers to watch in 2010 Drug Store News Share
The report, "10 to Watch in North America Grocery Retail, 2010," features both national and regional companies that London-based Planet Retail believes are poised for growth — either as a result of acquisition, organic growth, or the potential to be a successful new format. According to the Planet Retail report, regional grocers will lead the way in organic expansion opportunities in 2010 while the national players focus on remodeling existing stores. It also sees further grocery store consolidation on a regional scale as local players strengthen their positions. More
Retailer profile: The revolutionary store Gourmet Retailer Share
Kitchen Kaboodle is onto something big. Bigger than bread slicers. Bigger than wine aerators. Bigger than self-carbonating soda machines. In March of last year, the Portland, Ore.-based kitchenware, housewares and home furnishings retailer unleashed a revolutionary retail strategy on a sour economy — and met with sweet success. The retailer took two bold steps. First, it lowered all of its prices in all five of its stores. Second, to make the lower prices possible, Kitchen Kaboodle cut costs by limiting its hours to four days a week (Thursday through Sunday). This gutsy move garnered international media attention for the stores. It also turned heads here at The Gourmet Retailer, where our editors were looking for the next U.S. gia Award winner — a truly innovative leader in housewares retailing. More
Nike outlines growth plans; targets $27 billion by 2015 The Associated Press via Google News Share
Nike Inc. laid out plans to hit a personal record as a company — to increase its revenue 40 percent in five years. The athletic footwear giant said it will drive this growth with heavier emphasis on its array of brands and its presence in international markets, but it also plans to improve its clothing business and add more stores. "We know there is no finish line, we think there is plenty of growth ahead," Chief Financial Officer Don Blair told investors at a conference in New York. More
Burlington Coat Factory boosts 1Q sales The Associated Press via Bloomberg Share
Burlington Coat Factory Investments Holdings Inc. said that its total sales climbed 7.2 percent in the first quarter. The privately held discount retailer said its sales were $894.6 million, up from $834.5 million during the same period last year. Meanwhile, revenue in stores open at least a year climbed 3.3 percent in April. More
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