Retail

Consumer Confidence Rises; Holiday Shoppers Likely to Spend More

Conference Board

NEW YORK-Two studies point to a healthy holiday shopping season this year. The consumer confidence index, which had fallen in September, rebounded by rising 5.5 points to 94.5 in October, according to The Conference Board, which compiles the monthly indicator. Also, a survey by Deloitte found that shoppers are optimistic about the U.S. economy andMore »

Last updated: October 29, 2014

Ikea Picks New Head of Canada Operation

IKEA

BURLINGTON, Ontario-Stefan Sjöstrand has been named president of Ikea’s Canadian organization. Sjöstrand is a company veteran, having been with the home furnishings retailer for the last eight years. Most recently, he served as senior vice president of Ikea France. He began his new role leading the Canadian operation in September. Sjöstrand began his career withMore »

Last updated: October 29, 2014

Macy’s First Store Outside U.S. to Open in Abu Dhabi

Print

CINCINNATI-Macy’s will open its first location outside of the United States in Abu Dhabi in 2018, as part of a strategic partnership with Al Tayer Group, a company based in the United Arab Emirates with diversified businesses. Also as part of this partnership, Bloomingdales’s will open its second international store location in Abu Dhabi inMore »

Last updated: October 28, 2014

Lowe’s to Open First Manhattan Stores

lowe's

MOORESVILLE, N.C.-Lowe’s will open its first two stores in Manhattan in the second half of next year. The stores will be located at 2008 Broadway, on the corner of West 68th Street; and 635 Sixth Avenue, at the corner of West 19th Street. Each store will measure about 30,000 square feet and will “offer productsMore »

Last updated: October 28, 2014

Container Store Debuts TCS Closets

The TCS Closets

DALLAS-The Container Store has conducted a pilot launch of its new closet line, TCS Closets, which began yesterday at its seven Dallas-Fort Worth area stores. The specialty retailer also plans to roll out the new line to the rest of its stores by the end of 2015. TCS Closets feature thick-profile construction in six exclusiveMore »

Last updated: October 28, 2014

Sears Refutes Store-Closings Report

Sears Holdings

HOFFMAN ESTATES, Ill.-A Sears Holdings spokesman said a news report detailing a number of closings of Sears, Kmart and Sears Auto Center locations is inaccurate. The story, which appeared on the stock-market website Seeking Alpha, said Sears would close 116 stores under all three nameplates, with layoffs of more than 6,000 workers. Responding to aMore »

Last updated: October 24, 2014

Aaron’s Net Falls 56 Percent in Q3

Aaron's

ATLANTA-Declining margins and rising costs, offsetting a major gain in revenues, drove a 56 percent drop in Aaron’s (NYSE: AAN) third-quarter net income, to $9.3 million. Operating expenses in the quarter, which ended on Sept. 30, jumped 28.7 percent in dollars, although as a percentage of revenues expenses were down 109 basis points to 47.3More »

Last updated: October 24, 2014