Archive for the ‘Retail News’ Category
Filed with the city’s Development Services department are the companies’ site plans and architectural drawings so here are what the buildings for Firehouse Subs and Carlock Kia will look like, more or less. You’ll have to scroll down to see The Carlock image. The CarMax image is available on the link provided above.:
Office products superstore Staples is closing 225 of its North American locations by the end of 2015, the company said today.
Staples has two stores in Mississippi – Tupel0 and Pascagoula.
…. the largest U.S. office-supplies chain, will close as many as 12 percent of its North American stores and cut as much as $500 million in costs as online competition continues to hurt sales. The shares fell.
The annual pretax savings, which the company expects to achieve by the end of 2015, will come from areas including the supply chain, sales force, marketing and information-technology services, in addition to the store closings, the Framingham, Massachusetts-based company said in a statement today.
The retailer is facing increased threats from Internet-based rivals such as Amazon.com Inc., a challenge that spurred Office Depot Inc. to merge with OfficeMax Inc. last year. Staples said sales in its fiscal first quarter will fall from a year earlier, the fifth straight quarterly decline, and profit will be as much as 22 cents a share, trailing analysts’ 27-cent average estimate.
The shares fell 15 percent to $11.35 at the close in New York for the biggest one-day decline since May 18, 2011. The stock has slid 29 percent this year, compared with a 1.6 percent gain for the Standard & Poor’s 500 Index.
Ashley Furniture HomeStore, the largest furniture retailer in the U.S., celebrated the opening of its 500th store in Longview, Texas, on Feb. 21. It is the chain’s 48th store in the Lone Star state.
The company, whose sales exceeded $3 billion in 2013, has 50 additional HomeStore openings on tap in 2014.
“When the first HomeStore opened in 1997 (in Anchorage, Alaska), we were confident that this business model would be capable of providing complete home furniture solutions that would meet or exceed consumer expectations in price, delivery and service,” said Todd Wanek, president and CEO of Ashley and Ashley Furniture HomeStore.
“It is with a tenacity to never stop innovating that our teams – from the local level to our corporate headquarters – have propelled our growth throughout the last two decades, and with the latest improvements to our operations and customer fulfillment systems, I’m confident that this trend will continue into the future.”
Ashley Furniture Industries employs about 3,000 workers at its facilities in Northeast Mississippi: Ecru, Ripley and Verona.
Senate Bill 2425 gives sports enthusiasts a sales tax break on firearms, ammunition, hunting supplies and fishing supplies purchased the first weekend of September. Louisiana has a similar holiday.
“This tax break is for Mississippians who enjoy outdoor sports and encourages more citizens to participate in outdoor shooting sports,” Reeves said. “I’m thankful for the support of the National Rifle Association on this bill and so many other strong Second Amendment protections we’ve passed this year.”
From RetailMeNot comes this recent survey about the consumer spending habits of conservatives and liberals (or “progressives” if you prefer.
- Consumers who identify as conservative are more inclined to describe themselves as savers – 66 percent vs 53 percent.
- Those who identify as liberal are more inclined to describe themselves as spenders – 47 percent to 34 percent.
- Conservatives (30 percent) and moderates (29 percent) are more likely to save for retirement than liberals (22 percent).
- More consumers who identify themselves as Republicans (31 percent) than those who identify as Democrats (19 percent) used financial investments as a way to save money.
- More liberals (29 percent) than conservatives (18 percent) plan to shop more online this year than last year.
- Liberals (25 percent) also are more likely than conservatives (13 percent) to use their smartphones to shop
The retailer describes itself as ”the largest branded marketer in the United States of apparel and related products exclusively for babies and young children. The company owns the Carter’s and OshKosh B’goshbrands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains,and specialty retailers domestically and internationally. They are also sold through more than 700 company-operated stores in the U.S., Canada and Japan and online.”
No word yet on when it opens or when hiring begins, but we’ll update you as soon as we hear.
CarMax, which has been working for more than a year to build a store in Tupelo, filed its site plans with the city earlier this week.
The store will be a total of 7,467 square feet, with 4,394 dedicated to the sales area; the service area will have 2,439; and a future car wash will cover 936 square feet. A non-covered “presentation area” will take up the remaining 634 square feet.
The dealership will have 54 parking spaces for customers, while there are 151 spaces for vehicles that will be on sale.
A change in the city’s development code last fall allowed CarMax to move ahead with its plans. The company in earlier interviews said it was investing $5 million in the project. The company had gotten special conditional use by the Planning Committee, but the City Council had overruled it. CarMax later sued, but after a new development code was adopted, CarMax dropped its suit.
Some auto dealers in Tupelo had said in earlier arguments that they were denied opening used car dealerships in the Barnes Crossing District Overlay, where CarMax is building.
The site is on Tom Watson Drive, south of Fairfield Inn and Suites.