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Retailers post first sales gain in year
NASDAQ Share    
U.S. retailers in September collectively posted their first growth in same-store sales since August 2008, with several hopeful signs reported by an industry mired in an extended slump. The September showing
prompted a number of retailers, including Target Corp., J.C. Penney Co. and Kohl's Corp. to issue optimistic earnings outlooks. Meanwhile, Victoria's Secret parent Limited Inc. reported its first same-store-sales increase since August 2007. MORE
Let the sunshine in
Retail
Merchandiser Share
Businesses across America have been called upon to create more energy efficient profiles. For retailers, many of the solutions available are too complicated, too one-sided, or just too expensive to pursue. Wind energy, for example, requires converting a mechanical energy into an electrical energy. High-priced photovoltaic cells use the light of the sun to create energy, but in the conversion process, efficiencies are lost. More
Walgreen beats expectations on higher pharmacy sales
The New York Times Share
The drugstore operator Walgreen Company said last week that prescription drug sales and general-merchandise
operations rose in its latest quarter, pushing the company’s results past Wall Street expectations and lifting shares more than 9 percent. More
Teen apparel retailers shares rise
The Associated Press via Forbes Share
Shares of teen apparel retailers rose, after reporting sales in stores open at least one year, a
key measure of a retailer's fiscal health. Many surpassed analyst expectations. Aeropostale Inc. sales in stores open at least one year rose 19 percent in September, ahead of analyst expectations of a 12.4 percent rise. Shares rose 22 cents to $43.19 during afternoon trading. More
Regency Centers expands water savings
Jacksonville Business Journal Share
Regency Centers Corp. is expanding a water conservation pilot program to 90 shopping centers nationwide. The program aimed at reducing outdoor water consumption with high-efficiency "smart" irrigation controllers started with 36 shopping centers in December 2008 and has reduced water consumption costs by about 30 percent, according to a new release announcing the expansion. More
Hudson's Bay Co. to
resurrect Linens 'n Things
Financial Post Share
Linens 'n Things Inc., the home-goods
retailer that shuttered its stores after filing for bankruptcy last year, will appear as a brand in Canadian stores next year. Bedding, towels and furniture bearing the Linens 'n Things label will be sold by the Home Outfitters chain, part of Toronto-based retailer Hudson's Bay Co., Linens owners Gordon Brothers Brands and Hilco Consumer Capital said in a e-mailed statement Thursday.
More
U.S. consumer credit fell by $12 billion in August
Bloomberg Share
U.S. consumer credit fell in August for a seventh straight month as banks maintained restrictive terms and job losses made households reluctant to borrow. Consumer credit fell by $12 billion, or 5.8 percent at an annual rate, to $2.46 trillion, according to a Federal Reserve report
released. More
Reis: U.S. retail center vacancies rise to 17-year high
Bloomberg Share
Vacancies at U.S. shopping centers rose in the third quarter to a
17-year high as unemployment climbed, consumers cut spending and stores closed, real estate research company Reis Inc. said. Vacancies at neighborhood and community shopping centers increased to 10.3 percent, the highest level since 1992, from 8.4 percent a year earlier, New York-based Reis said. Vacancies at regional and super-regional malls rose to 8.6 percent from 6.6 percent a year earlier, a high for this decade. More
Hhgregg: The contrarian electronics chain
BusinessWeek Share
When Circuit City collapsed in January, many retail experts thought Best Buy and Wal-Mart Stores had the most to gain from the closure of the consumer-electronics chain's 567 stores. But one retailer has seized the opportunity like no other: Hhgregg of Indianapolis. The 118-shop chain
is invading Circuit City's former home turf in and around Washington and even taking over some of its old locations. Hhgregg's goal: to open more than 50 stores over the next 18 months. More
Study: Why empty shelves make shoppers buy more
CNN Share
Shoppers are more likely to buy a product if they are told that another item has sold out, according to a new study. In one experiment, researchers found that 61 percent of subjects said they would buy a five-hour ski pass for $20, but 91 per cent said they would buy it when they were told a 10-hour ski pass for $40 had sold out. More
Toys 'R' Us pop up in malls this holiday season
BusinessWeek Share
Eighty shopping malls will be getting temporary tenants as a present this holiday season. Retailer Toys ‘R’ Us is
setting up the "pop-up stores," it announced, along with adding temporary toy departments to 270 of its Babies ‘R’ Us stores. The move is an effort for the 847-store chain to take advantage of empty mall real estate and grab market share as other toy retailers have disappeared. KB Toys filed for bankruptcy last December, right in the midst of the Christmas shopping season, while FAO Schwartz was acquired by Toys ‘R’ Us earlier this year. More
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