Weekly Retail News Recap August 14, 2010

Weekly Retail Recap



  • Gap to expand e-commerce reach on global basis
    Gap said Thursday that it has upped international shipping offerings on its e-commerce site to 55 countries, including Australia, Brazil and Mexico, and by year-end will make online shopping available in up to 65 countries.
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  • Cache profit edges up in Q2
    Specialty women’s apparel retailer Cache reported Thursday that profit for the quarter ended July 3 edged up to $897,000, compared with $845,000 in the year-ago period.
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  • Arden Group’s net income slips in Q2
    Arden Group, parent of Southern California supermarket chain Gelson’s Markets, reported Wednesday that it earned $4 million in the second quarter ended July 3, compared with earnings of $4.7 million in the year-ago period.
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  • J.C. Penney headquarters is LEED Gold
    J.C. Penney Co.’s corporate headquarters in Plano, Texas, has been awarded LEED (Leadership in Energy and Environmental Design) Gold certification by the U.S. Green Building Council.
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  • GNC Q2 profit leaps 42.5%
    General Nutrition Centers reported Tuesday that net income for the second quarter ended June 30 was $25.6 million, compared with net income of $18 million for the year-ago period.
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  • Fossil Q2 profit more than triples
    Fossil said Tuesday its second-quarter profit more than tripled, smashing analysts’ expectations, as the watch and fashion-accessories retailer posted record results on big sales gains.
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  • Santa Monica Place opens
    Macerich, one of the nation’s leading owners, operators and developers of regional shopping centers, on Friday opened the new Santa Monica Place, 524,000-sq.-ft., three-level, open-air retail and dining destination that is located just two blocks from the beach.
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  • Big 5 Sporting Goods Q2 earnings flat
    Big 5 Sporting Goods Corp. reported second-quarter sales and earnings growth roughly flat with the year-ago period, as a sluggish economy and unseasonably cool weather in many of the its markets curbed shoppers’ spending.
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Explore posts in the same categories: US Economy

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