Retail News You Can Use

Specialty Retailers Fall in November
New York City (December 4, 2008) The downturn in consumer spending hit the nation's mall-based specialty retailers hard in November, as many leading chains posted drops in same-store sales. Read More
Sears Names CFO
Hoffman Estates, Ill. (December 4, 2008) Sears Holdings Corp. said Thursday Michael D. Collins has been named CFO as expected, effective immediately. Read More
Bakers Footwear's Same-Store Sales Increase
St. Louis (December 4, 2008) Bakers Footwear Group reported Tuesday that the four-week period ended Nov. 29, same-store sales increased 3.6%, compared to a decrease of 3.7% for the four-week period ended Dec. 1, 2007. Read More
Cato Reports 4% Rise in November Same-Store Sales
Charlotte, N.C. (December 4, 2008) The Cato Corp. reported sales for the four weeks ended Nov. 29 of $60.6 million, an increase of 4% over sales of $58.4 million for the four-week period ended Dec. 1, 2007. Read More
Mothers Work Same-Stores Up
Philadelphia (December 4, 2008) Mothers Work Inc., which operates A Pea in the Pod and other maternity-apparel stores, said Thursday that November same-store sales rose 0.6%. Read More
The Buckle Shines in November
Kearney, Neb. (December 4, 2008) The economic crisis hasn't taken the luster off teen-fashion retailer The Buckle, Inc. The chain announced Thursday that same-store net sales for the four-week period ended Nov. 29, increased 15.0% from the four-week period ended Dec. 1, 2007. Read More
Department Stores Struggle
New York City (December 4, 2008) The ongoing economic crisis continued to take a toll on department stores as they headed into the holiday shopping season. Read More
Wal-Mart Outperforms as Other Retailers Slide
New York City (December 4, 2008) Many U.S. retailers reported lower November same-store sales, hurt by both the deteriorating economy and the loss of seven post-Thanksgiving holiday shopping days compared to November 2007. Read More
Macy's Wraps-Up Animated TV Movie
New York City (December 4, 2008) Macy's is putting the finishing touches on a 3D-animated holiday movie called "Little Spirit." Read More
Target Launches iPhone Application
New York City (December 4, 2008) Target is one of the first retail brands to build an iPhone application. Read More
Aldi Utilizes Green-Refrigeration Solution
New York City (December 4, 2008) A new, environmentally friendly Aldi supermarket in East Syracuse, N.Y., utilizes a green-refrigeration solution from Hussmann Corp. Read More
S & P Cuts Sears to Junk Status
New York City (December 4, 2008) Standard & Poor's Ratings Services on Thursday lowered Sears Holdings Corp.'s corporate credit rating to non-investment grade of BB- from BB and its bank-loan rating to BB+ from BBB-. Read More
Williams-Sonoma Posts 3Q Loss
San Francisco (December 4, 2008) Williams-Sonoma Inc. Thursday reported a smaller-than-expected quarterly loss on Thursday and said it amended a $300 million credit line providing for more relaxed covenants, sending its shares up 10%. Read More
Fresh & Easy Reports Same-Store Sales Up
Cheshunt, England (December 4, 2008) Tesco CEO Sir Terry Leahy said last week that comp-store sales for the company's U.S. operation, Fresh & Easy Neighborhood Market, are progressing strongly, according to Supermarket News. Read More