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Archives » Neiman Marcus
‘The Daily Wrap:’ Netflix, Meijer, Levi’s
Netflix Plans Android App
Online movie rental retailer Netflix is reportedly hiring Android developers for the development of an official Android app. The app will allow users to steam Netflix Watch Instantly content. Source: TheNextWeb
Meijer Opens Replacement for Original Store
Midwestern discount retailer Meijer has opened a replacement for its original location in Grand Rapids, MI. The new...
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July Chain Store Sales Rise Less than Expected
U.S. chain‐store sales for July 2010 rose by 2.8% on a year‐over‐year basis, according to [pdf] the International Council of Shopping Centers (ICSC) and Goldman-Sachs. This performance was below ICSC’s expectation for industry sales growth of 3‐4%.
High-end Retailers Do Better
Considering that in July 2009, chain store sales decreased 5.1%, last month’s growth...
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‘The Daily Wrap:’ Neiman Marcus, Wal-Mart, Finish Line
Neiman Marcus Has Strong Q3
Luxury retailer Neiman Marcus increased operating earnings 70% and turned a net loss into net earnings during Q3 2010. Total revenues and comparable revenues also increased. Source: Neiman Marcus Inc.
Rival Chains Fund Opposition to Wal-Mart
Large supermarket chains including Supervalu, Safeway and Ahold have retained Saint Consulting Group to help fund...
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‘The Daily Wrap:’ Wal-Mart, Food Lion, Neiman Marcus
Wal-Mart Workers Can File Gender Bias Class Action Suit
The U.S. Court of Appeals in San Francisco, CA has ruled in favor of as many as 1 million female Wal-Mart employees who want to sue Wal-Mart over alleged unequal pay as a group. Wal-Mart plans to appeal the ruling to the U.S. Supreme Court. Source: Business Week
Food Lion Introduces Coupon Kiosks
Southeastern supermarket retailer Food...
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‘The Daily Wrap:’ Supervalu, Neiman Marcus, Best Buy
Supervalu Q4 Net Sales Drop
Supermarket retailer Supervalu reported net sales of $7.2 billion in Q4 fiscal 2010, down 15% from $8.5 billion in Q4 fiscal 2009. Unadjusted quarterly net earnings were $97 million. Source: Supervalu
Neiman Marcus Plans Discount Banner
Luxury department store retailer Neiman Marcus is planning to open a stand-alone discount outlet concept store as part of its Last...
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‘The Daily Wrap:’ Shaw’s, Saks, McDonald’s
Shaw’s Plans 4% Layoffs
Supermarket retailer Shaw’s, a division of Supervalu, plans to lay off 4% of its 25,000 store associates at 176 New England locations, including some full-time workers. Shaw’s says the layoffs are unrelated to an ongoing strike at a distribution center and 16 stores. Source: Boston Globe
Saks Plans Store Closures
Upscale department store retailer Saks plans to...
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Neiman Marcus Cuts More Jobs
Luxury retailer Neiman Marcus has eliminated between 131 and 135 jobs. These layoffs, representing approximately 1-2% of the Neiman-Marcus workforce, follow 375 corporate and store positions cut by the retailer in January.
According to the Charlotte Business Journal, Neiman Marcus is eliminating 31 positions as part of a marketing, advertising, production, creative services reorganization...
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Troubles Continue for Circuit City
Bankrupt consumer electronics retailer Circuit City, who recently closed all 567 U.S. stores about three weeks ahead of schedule, now faces a class-action lawsuit over payments to some laid-off employees.
According to the Richmond Times-Dispatch, the lawsuit claims Circuit City is violating federal law by not giving enough notice or pay to some of its laid-off workers. Under the federal WARN...
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McDonald’s Denies HSUS Accusations
In what has been a busy week in its pursuit of animal cruelty allegations against retailers, The Humane Society of the United States (HSUS) yesterday announced McDonald’s shareholders will soon receive proxies asking them to vote on its resolution urging the fast-food chain to start switching to cage-free eggs. An HSUS representative will present the resolution at the company’s May 2009...
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January Same-Store Sales Bleak, but Some Bright Spots
Some bright spots shone through an otherwise bleak January for US retailers, though the month wasn’t as dismal as some analysts had projected, despite four consecutive months of same-store sales declines.
Same-store sales across the industry declined, on average, 1.8% during the month according a Thomson Reuters survey of 35 retailers. That was the second-biggest behind November’s 2.1% decline,...
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