NEW YORK — May saw retail sales rebound more strongly than expected, despite unseasonable weather in many areas of the country. May saw retail sales rebound more strongly than expected, despite unseasonable weather in many areas of the country. "Stronger employment data and increasing home and equity prices lifted confidence and spending this spring," said
GREEN BAY, Wis. — Shopko Stores Operating Co. will open five new Shopko Hometown stores in late fall of this year. The stores will be located in Afton, Wyo.; St. Peter, Minn.; and Winneconne, Ellsworth and Tomahawk, Wis. Shopko Stores Operating Co. will open five new Shopko Hometown stores in late fall of this year.
ISSAQUAH, Wash. — Net income rose nearly 19% at Costco Wholesale Corp. during fiscal 2013’s third quarter, propelled by robust sales and double-digit growth in membership fees. Earnings exceeded Wall Street’s expectations, although revenue fell just shy of analysts’ forecasts. Net income rose nearly 19% at Costco Wholesale Corp. during fiscal 2013’s third quarter, propelled
It’s beginning to look like a long summer — at least for America’s mass retailing community. It’s beginning to look like a long summer — at least for America’s mass retailing community. Those are the initial indications as June gives way to July and mass retailers throughout the nation continue to wait for the rain
The transformative power of technology, already much in evidence in mass market retailing, continues to change the rules of the game, creating new options for consumers and new opportunities for retailers smart enough to exploit them in a process the great Austrian economist Joseph Schumpeter called creative destruction. The transformative power of technology, already much
SEATTLE — Online retail giant Amazon Inc. is taking on a new set of brick-and-mortar competitors. The company is reportedly expanding its online grocery business to include the delivery of perishable products, including produce, dairy and meat. Online retail giant Amazon Inc. is taking on a new set of brick-and-mortar competitors. The company is reportedly
ISSAQUAH, Wash. — Costco Wholesale Corp. plans to open about 150 new warehouses over the next five years. Of that total, somewhat more than 55 will be in the United States. Costco Wholesale Corp. plans to open about 150 new warehouses over the next five years. Of that total, somewhat more than 55 will be
GOODLETTSVILLE, Tenn. — Dollar General Corp. has lowered the high end of its projection for sales and profits for fiscal 2013, citing reduced gross margin and moderating sales growth. Dollar General Corp. has lowered the high end of its projection for sales and profits for fiscal 2013, citing reduced gross margin and moderating sales growth.
NEW YORK — A number of mass market retailers have joined other merchants in rejecting and withdrawing from a proposed class-action settlement of an antitrust lawsuit over credit card fees. Other retailers, meanwhile, have filed a new lawsuit against Visa Inc. and MasterCard Inc. A number of mass market retailers have joined other merchants in
DETROIT — Whole Foods Market Inc. has opened its first store in Detroit, the upscale grocer’s first step toward entering under-served urban markets. Whole Foods Market Inc. has opened its first store in Detroit, the upscale grocer’s first step toward entering under-served urban markets. The 21,506-square-foot store opened in a mixed-use project on Mack Drive
NEW YORK — Consumer confidence shot up to its highest level in six years last month, according to the Thomson Reuters/University of Michigan consumer sentiment index. Consumer confidence shot up to its highest level in six years last month, according to the Thomson Reuters/University of Michigan consumer sentiment index. The overall May index rose to