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Energy-Efficient Lighting Saves Canadian Tire $6M in 2009
(EnvironmentalLeader.com - 2/8/2010)Canadian Tire, a retailer of tire and automotive parts, gas stations and general merchandise and apparel, says it will be among the first Canadian companies to include their sustainability metrics in its quarterly and year-end financial reporting, according to its first Community and Business Sustainability Report. (full story)
hhgregg in Expansion Push
(online.WSJ.com - 2/5/2010)The Indianapolis company will open 40 to 45 stores in the Philadelphia, Washington, DC, and Baltimore areas in coming months as part of a broader plan to expand to 600 stores this decade from 127 currently. (full story)
Sport Chalet Collects Almost 1 Million Pairs of Shoes for Haiti
(LATimesBlogs.LATimes.com - 2/5/2010)Sporting goods retailer Sport Chalet and shoe charity Soles4Souls joined forces Jan. 15 in an effort to collect footwear for victims of last month's devastating earthquake. (full story)
Borders is Still Hanging in There
(NYPost.com - 2/4/2010)Bill Ackman boosted the share price of Borders by nearly 40 percent yesterday when he said a bankruptcy filing wasn't likely for the struggling book retailer. Skeptics said Ackman's hopes for consolidation are shrinking if he's referring to a possible merger with larger rival Barnes & Noble. The No. 1 bookseller has already passed on buying Borders. (full story)
Unexpected 1.2 Percent Sales Drop for Buckle
(SeattlePI.com - 2/4/2010)On average, analysts polled by Thomson Reuters expected predicted sales would rise 4.1 percent from the same month a year ago. Sales at stores that have been open a year or more, also known as same-store sales, provide a key snapshot of a retailer's performance because they exclude growth that comes solely from new locations. (full story)
Retail Sales Rise, But So Do Unemployment Claims
(Delmarvanow.com - 2/4/2010)As merchants reported their sales figures today, several stores including Limited Brands and Macy’s announced solid sales increases. But Stage Stores Inc. and teen retailer Wet Seal suffered declines. (full story)
American Eagle May Close Martin + Osa Chain
(DDMagazine.com - 2/4/2010)he cause of the speculation is reportedly due to comments made at an investment gathering last month by CEO James O'Donnell, as well as the departure of Martin + Osa President Laura Dubin Wander, who left the company in December to "pursue other opportunities." (full story)
Top 10 Eco-Friendly Retailers (Surprise: Includes Walmart!)
(MNN.com - 2/4/2010)These retailers go the extra mile by selling eco-products and taking steps to green operations. Shopping 'til you drop just got a lot friendlier for the planet. (full story)
Esprit to Push ‘Upmarket’ Image as Chain Expands in China
(Businessweek.com - 2/3/2010)The retailer, which sells jeans, blouses, accessories and cosmetics in more than 40 countries, is expanding in Asia, particularly in China, where it’s been operating for the past decade with a partner that it’s now buying out. Van der Vis also wouldn’t exclude the possibility of pulling out of markets where the Esprit has a small presence, saying “we’ve made some expensive mistakes.” (full story)
Bed Bath & Beyond Goes Hawaiian
(StarBulletin.com - 2/3/2010)Bed Bath & Beyond will enter the Hawaii market in late summer with a 65,000 sq. ft. store in the old Circuit City building at Pearlridge Center. (full story)
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