Kohl's is Among Few August Standouts from The Milwaukee Journal Sentinel
Retailers turned in their best performance in nearly a year in August - a 2 percent decline in same-store sales - leading some to suggest that a turnaround is near for the recession-battered industry. Kohl's Corp. stood out among its peers, beating analysts' expectations for August by reporting a gain of 0.2 percent in same-store sales for the four-weeks ended Aug. 29. Analysts reporting to Retail Metrics in Massachusetts had predicted a 2.1 percent percent decline for the month.
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Gap Reduces GHG Emissions 20 Percent Over Five Years from Environmental Leader Gap Inc. has exceeded its five-year U.S. EPA Climate Leaders goal, reducing its greenhouse gas emissions by 20 percent from 2003 to 2008, according to the retailer’s fourth social responsibility report.
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The Container Store Thinks Outside the Box and Expands Purchase Pick-up from Internet Retailer Storage and organization products retailer The Container Store Inc. saw a spike in average order size of online purchases during a promotion of its Click & Pickup program. The company found that the average ticket for online purchases was double the average in-store sale.
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The True Cost of Hurricanes – Exclusive Web Event Invitation Tuesday, September 15, 2009 2:00 PM Eastern
USM, the North American leader in facilities maintenance and management, and Planalytics, the singular global source of Business Weather Intelligence® invite you to attend this special webcas focused on industry best practices for science-based budgeting and operations planning. We will discuss and demonstrate how the combination of cutting edge technology, Business Weather Intelligence, and a comprehensive hurricane management plan can lead to improved budget predictability, lower costs, and an improved customer experience.
Click here for complimentary access to this event.
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Urban Outfitters Up as 3Q Sales Outlook Pleases Investors from Dow Jones via The Wall Street Journal Shares of Urban Outfitters Inc. climbed more than 7 percent after the teen-clothing retailer said its fiscal third-quarter comparable-store sales to date are consistent with the more moderate declines seen in the prior period. Urban Outfitters is still holding up better than most retailers despite slowing sales, though the company revealed in June that trends had improved heading into the summer.
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Rachel Roy Unveils Pop-Up Store in New York City's SoHo Neighborhood from Reuters Rachel Roy, a division of Jones Apparel Group, Inc., announced the opening of a pop-up store to celebrate the launch of the new Rachel Rachel Roy diffusion line. The 1,900 square foot store will house select product from the Rachel Rachel Roy collection including sportswear, footwear, handbags and jewelry.
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Toys 'R' Us Buys KB Toys' Brand from The Wall Street Journal Retailer Toys "R" Us Inc. said it acquired the KB Toys' brand, including its Web site, trademarks and intellectual property rights. KB Toys, which filed for bankruptcy in December, sold its logos and online addresses in a bankruptcy auction last month for $2.1 million to CE Stores, a unit of Toys "R" Us. The acquisition doesn't include KB Toys' 460 stores, which were closed and liquidated earlier this year following its bankruptcy filing.
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How Retailers Can Make the Best of a Slowdown from Forbes Downturns are tough on retailers. Recent McKinsey research indicates that during the last two recessions (1990 to 1991 and 2000 to 2001), growth slowed for nearly every retail sub-sector in the U.S. Ninety-three percent of the retailers surveyed that existed during both downturns experienced slowing revenue growth in one of them, and 59 percent endured it in both.
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Wal-Mart Expects Christmas Buying to Come Late This Year from CNN Money Wal-Mart Stores Inc. expects another challenging Christmas for the retail industry, with shoppers holding off purchases until late in the season after they have been able to research where they can get the best prices and values.
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Product Showcase: The Guardian from RR Enterprises
A true innovation, inspired by nature! Introducing The Guardian floor drain basket. The Guardian contains a biodegradable, environmentally friendly bacteria puck that will keep particulates as small as a grain of rice out of your drain line system while continually infusing your drain lines with beneficial bacteria. Fewer blockages, improved odor control, and no chemicals! Minimize your facilities plumbing issues with this cost
effective and natural solution. More info...
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Retail Shopping Communities Attract Shoppers, Influence Purchasing, and Retain Consumers from Reuters As social networks proliferate and consumers report spending more of their time online, e-commerce is ripe to weave community into the customer experience. On average, two-thirds of consumers spend at least one hour per week social networking, with almost half spending three hours or more on the sites.
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Retail Health Clinics Move to Treat Complex Illnesses, Rankling Doctors from The Wall Street Journal Retail health clinics are adding treatments for chronic diseases such as asthma to their repertoire, hoping to find steadier revenue, but putting the clinics into greater competition with doctors' groups and hospitals. Walgreen Co.'s Take Care retail clinic recently started a pilot program in Tampa and Orlando offering injected and infused drugs for asthma and osteoporosis to Medicare patients. At some MinuteClinics run by CVS Caremark Corp., nurse practitioners now counsel teenagers about acne, recommend over-the-counter products and sometimes prescribe antibiotics.
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Related story: How Walgreens is Positioning Itself as a One-Stop Shop (Brandweek)
Philips innovative EnduraLED solid state lighting retrofit solutions
make it possible to reduce energy consumption and maintenance costs, without compromising light quality and ambience –with a simple twist. It’s an attractive payback for accent applications. More
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ANSI Approves Green Seal for Restaurants from Environmental Leader Restaurants seeking to be "green" have another measure of confidence now that the American National Standards Institute has approved the Green Seal Environmental Standard for Restaurants and Food Services (Gs-46). The Green Seal standard for restaurants was first published in May. It measures the impacts of food, energy and water use and related supplies.
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