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Covering the latest news in the retail industry

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Gillette Not Letting New Product Secret Out

Gillette is expected to make a major announcement about an innovation in its shaving products line. What it is, is not known, but the rumor market is going crazy.

NRF Elects Chairman

Arnold Zetcher, chairman, chief executive officer and president, Talbot’s, was elected to a two-year term as chairman of the board for the National Retail Federaltion (NRF).

RedEnvelope Online Sales Spike 42% in 3rd Q

Online and catalog retailer RedEnvelope experienced a 42% surge in sales during the holiday quarter but says results actually came in below expectations. Catalog sales were roughly flat vs. year-ago.

CVS December Same-Store Sales Jump 9.4%

CVS said total sales for its December period surged 31.8% to $3.36 billion, vs. year-ago. Same-store sales grew 9.4%, with pharmacy up 11.2%, and front-end same store sales up 6.1%.

Target Same-Store Sales On Track

In its weekly sales briefing, Target said last week’s same-store sales in its namesake stores were within the originally predicted 5% to 7% growth range, but about 1% below plan…

Safeway Shuttering 12 Chicago-Area Dominick’s

Dominick’s President Randall Onstead said that Safeway will close 12 underperforming stores in mid-March and expects to see benefits immediately from the elimination of operating losses.

BK Introduces Low-Carb Menu Options

Burger King is following the lead of Wendy’s and other fast feeders with the roll-out of bunless burger selections, and will soon offer salads topped with steak, chicken and shrimp….

Factory 2-U Stores Files for Bankruptcy Protection

The off-price apparel and domestics retailer with 243 stores in Western states has filed for Chapter 11 in order to restructure its operations and finances. The chain will remain open…

Mad Cow May Push Prices Up

Europe experienced a rapid rise in beef prices after it was hit with Mad Cow disease. Will Americans also see the price they pay for beef rise?

Prices Climb At The Pump

The price of gasoline has gone up more than seven cents in the past three weeks. The record cold temperatures that have hit the nation are partly to blame for…

AB’s Real Men Campaign Works On TV Too

It was originally created as a radio campaign, but Bud Light’s “Real Men of Genius” campaign is making consumers sit up and take notice of the brand even if the…

e-Bay Stores Opening

Five companies have opened stores where sellers can drop off merchandise to be auctioned on eBay.