HOT TOPIC: A tale of two deals
Nov 1, 2001, Michael Fickes
Ideal retail deals come in all shapes and sizes. Within that universe, some deals fall into place as if they were destined to happen. Others take years...
IHOP releases earnings, cites "uncertain times"
Oct 30, 2001, SCW Staff
Glendale, Calif. — IHOP Corp. announced results for its third quarter ended Sept. 30, 2001. CEO Richard K. Herzer said IHOP is pleased with its progress...
National study sheds light on Gen Y spending
Oct 30, 2001, SCW Staff
Minneapolis This fall, teens are spending more and going to the mall less. Teenage girls are spending more than teenage boys and industry bellwethers,...
Gap scales back growth plans
Oct 23, 2001, Misty Reagin
San Francisco – Locally based Gap Inc. plans to record an operating loss in the third quarter before the impact of a tax-related charge of approximately...
Young adults to spend the most this holiday season
Oct 22, 2001, Misty Reagin
McLean, Va. – According to a recent telephone survey conducted by the locally based research and consulting firm Wirthlin Worldwide, 60% of Americans...
American consumers upbeat about economy
Oct 15, 2001, Misty Reagin
Worthington, Ohio – According to the Consumer Intentions and Actions Survey recently conducted by locally based BIGresearch and Deloitte Research, a division...
Federated reports declining sales
Oct 12, 2001, Misty Reagin
Cincinnati – Locally based Federated Department Stores Inc. reported a 12.9% decrease in comparable-store sales for the five weeks ended October 6, 2001,...
Halloween sales to reach nearly $7 Billion
Oct 12, 2001, Misty Reagin
Washington, D.C. – Consumers aged 18 to 24 years old will spend an average of $68 this year on Halloween-related items, including candy, costumes and...
Kmart announces executive promotions
Oct 10, 2001, Misty Reagin
Troy, Mich. – Locally based Kmart Corp. recently promoted Barbara Firment to the position of VP advertising and in-store event marketing and Rick Noechel...
Phar-Mor to close 65 stores
Oct 8, 2001, Misty Reagin
Youngstown, Ohio – Locally based Phar-Mor Inc. filed a motion with the U.S. Bankruptcy Court in the Northern District of Ohio on September 24, 2001 to...
HOT TOPIC: Supermarket Sweep
Oct 1, 2001, Michael Fickes
Consolidation builds profits for grocers Food retailers in 2000 averaged a net profit of 1.18 cents on every dollar of sales a figure that, according...
Consumer index: uncertainty meets pessimism
Oct 1, 2001, Misty Reagin
New York – Locally based The Conference Board’s Consumer Confidence Index for September suffered its largest monthly drop since October of 1990.The index...
American retailers respond to national tragedy
Sep 27, 2001, Misty Reagin
The retailers below, along with many others, have given their support to the relief efforts.Beall’s Inc. is contributing $30,000 to American Red Cross...
Bloomberg News to host Retail Outlook Day
Sep 27, 2001, Misty Reagin
New York – Locally based Bloomberg News will host its first annual Retail Outlook Day, a one-day conference, on Oct. 3, 2001.The inaugural news event...
Kmart names David Montoya EVP, store operations
Sep 26, 2001, Misty Reagin
Troy, Mich. – Locally based Kmart Corp. recently appointed David Montoya to EVP, store operations, effectively immediately. Montoya will be responsible...
NRF revises 4th quarter, holiday retail sales forecast
Sep 21, 2001, Misty Reagin
Washington, D.C. – The locally based National Retail Federation (NRF) recently announced that in light of the continuing psychological and economic impact...
World Wide Video sells security products to U.S. Border Patrol
Sep 21, 2001, Misty Reagin
Culpeper, Va. – In response to the activities in New York and Washington, D.C. last week, locally based World Wide Video Inc. (WWV) recently received...
Whole Foods Market to acquire Harry's Farmers Market perishable superstores
Sep 20, 2001, Misty Reagin
Austin, Texas – Locally based Whole Foods Market Inc. recently announced that it has signed an agreement to acquire substantially all of the assets of...
August same-store retail sales rise
Sep 11, 2001, Misty Reagin
Houston – According to data compiled by locally based TeleCheck Services Inc., sales tax-free holidays and tax rebates resulted in a 3% increase in August...
ICSC offers accreditation practice tests
Sep 10, 2001, Misty Reagin
New York – The locally based International Council of Shopping Centers (ICSC) is now offering a series of e-Practice Tests to assist those in the shopping...
Federated August comp sales down 2.6%
Sep 7, 2001, Misty Reagin
Cincinnati – Locally based Federated Department Stores Inc. recently reported total sales of $1.2 billion for the four weeks ended September 1, 2001....
Kmart announces executive appointments
Sep 6, 2001, Misty Reagin
Troy, Mich. – Locally based Kmart Corp recently appointed Rose Reza as SVP, Multi-Cultural Merchandising. Effective immediately, Reza will be responsible...
Home Depot to add 89 stores
Sep 5, 2001, Misty Reagin
Atlanta – Locally based The Home Depot plans to open 89 stores during the third and fourth quarters. The additions will bring the company’s new store...
