Posts Tagged ‘retailer’

Dollar General’s attempt to buy Family Dollar goes hostile

GOODLETTSVILLE, Tenn. — Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers. The discount chain has commenced an open offering to investors of Family Dollar Stores Inc. for $80 per share in cash. That offer was rejected last week by the company’s board, which […] [...]

Hancock Fabrics exec: ‘Expenses were a challenge’ as company posts loss

BALDWYN — Hancock Fabrics Inc. has released financial results for its second quarter ended July 26 and the first half of fiscal 2014. Net sales for the quarter were $59.3 million compared to $59.1 million for second quarter of last year, and comparable store sales increased 0.9 percent following a 1.7percent decrease for the same […] [...]

Retailers’ concerns mount over expired longshoremen’s contract

WASHINGTON — Retailers concerned by the lack of a West Coast longshoremen’s contract will continue to bring merchandise into the country at above-average levels this month but volume will drop from the record set in August, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “The […] [...]

Delta downtown officials form new organization

GREENWOOD — The Delta Downtown Alliance (DDA), an alliance of downtown representatives from throughout the Mississippi Delta, has been founded. The DDA’s mission is to strengthen the promotion and publicity of events and projects in historic downtowns throughout the Mississippi Delta in order to unite the region through information sharing and coordinated communication. There are no membership […] [...]

February retail sales up despite frigid weather

WASHINGTON — American consumers powered through the winter weather, lifting retail sales in February. According to the National Retail Federation, retail sales, which exclude automobiles, gas stations and restaurants, increased 0.2 percent adjusted month-to-month and 2.3 percent unadjusted year-over-year. NRF president and CEO Matthew Shay said, “Retailers and consumers endured the harsh winter and they’re […] [...]

NRF: Winter weather puts freeze on retail sales

WASHINGTON — Consumers leveled off post-holiday shopping and spending in the beginning of the year due in part to severe winter weather in much of the country, according to the National Retail Federation. January retail sales, excluding automobiles, gas stations and restaurants, were flat seasonally adjusted month-to-month yet increased 3.0 percent unadjusted year-over-year. “Following a […] [...]

NRF optimistic about retail sales in 2014

WASHINGTON – The National Retail Federation has released its 2014 economic forecast, projecting retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 4.1 percent, up from the preliminary 3.7 percent growth seen in 2013. NRF also expects online sales in 2014 to grow between 9 and 12 percent. “Measured improvements in economic […] [...]

Judge dismisses Kmart/Kroger flooding case

CORINTH — A federal judge has dismissed Kmart Corporation’s lawsuit over flood damage to one of its stores in Corinth. U.S. District Judge Glen Davidson ruled Kmart has insufficient evidence to support its arguments that the Kroger Company store in Corinth caused the neighboring Kmart to flood. Kmart sued the city of Corinth and Kroger […] [...]

Bankrupt Simply Wheelz ceases operations at 30 locations

RIDGELAND — Franchise Services of North America Inc.’s (FSNA’s) wholly owned subsidiary, Simply Wheelz, LLC, which does business as Advantage Rent a Car, has ceased operations at 30 Advantage locations. Advantage has reached an agreement with Dollar Rent A Car whereby Dollar Rent A Car will provide car rental services to those customers who hold […] [...]

Whole Foods sets grand opening; to offer pre-opening tours

JACKSON — Whole Foods Market will open its doors Tuesday, Feb. 4, at 9 a.m. at Highland Village in Jackson, according to release from the company. The 34,000-square-foot store will feature an organic salad bar, in-store smoked barbecue, fresh-made gelato, natural body care and nutritional supplements, beer growler filling station and the Yazoo Bend Coffee […] [...]

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