Retail - The Salt Lake Tribune http://www.sltrib.com/cat/Retail Stories from The Salt Lake Tribune &copy; 2014 The Associated Press, The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our privacy policy: http://www.sltrib.com/pages/privacy. en-us webmaster@sltrib.com (Webmaster) U.S. retail sales up strong 1.1 percent in March http://www.sltrib.com/sltrib/money/57817445-79/percent-march-sales-economy.html.csp Washington • U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products. The 1.1 percent jump reported by the Commerce Department on Monday was the best showing since September 2012. The government also revised February to a 0.7 percent gain, more than double its previous estimate. Sales had fallen in January and December. Sales of autos climbed 3.1 percent while sales at general merchandise stores, a catego... Washington • U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products. The 1.1 percent jump reported by the Commerce Department on Monday was the best showing since September 2012. The government also revised February to a 0.7 percent gain, more than double its previous estimate. Sales had fallen in January and December. Sales of autos climbed 3.1 percent while sales at general merchandise stores, a catego... <img src="http://mngislctrib.112.2O7.net/b/ss/mngislctrib/1/H.17--NS/0?&pageName=RSS" height="1" width="1" border="0" alt=""/> 57817445@www.sltrib.com Mon, 14 Apr 2014 09:24:02 MDT Coldwater Creek files for bankruptcy protection http://www.sltrib.com/sltrib/money/57806554-79/bankruptcy-coldwater-creek-protection.html.csp Sandpoint, Idaho • The women’s clothing retailer Coldwater Creek has filed for Chapter 11 bankruptcy protection after failing to find a potential buyer or a source of capital to help fund its turnaround efforts. Coldwater Creek said Friday that its stores and its website are still open and selling clothing and other goods to shoppers. But it expects to start sales to liquidate its inventory in early May. It plans to hold going out of business sales in the coming months. The chain said it spent t... Sandpoint, Idaho • The women’s clothing retailer Coldwater Creek has filed for Chapter 11 bankruptcy protection after failing to find a potential buyer or a source of capital to help fund its turnaround efforts. Coldwater Creek said Friday that its stores and its website are still open and selling clothing and other goods to shoppers. But it expects to start sales to liquidate its inventory in early May. It plans to hold going out of business sales in the coming months. The chain said it spent t... 57806554@www.sltrib.com Fri, 11 Apr 2014 08:43:01 MDT Family Dollar to cut jobs, close about 370 stores http://www.sltrib.com/sltrib/money/57801448-79/cents-dollar-family-per.html.csp Matthews, N.C. • Family Dollar plans to cut some jobs and close about 370 underperforming stores as it tries to reverse sagging sales and earnings. The discount store operator will also lower prices on about 1,000 basic items. Family Dollar did not provide details on how many jobs were expected to be eliminated. The chain said the store closings and job cuts should reduce annual operating expenses by $40 million to $45 million, starting with the fiscal third quarter. Family Dollar Stores Inc. cu... Matthews, N.C. • Family Dollar plans to cut some jobs and close about 370 underperforming stores as it tries to reverse sagging sales and earnings. The discount store operator will also lower prices on about 1,000 basic items. Family Dollar did not provide details on how many jobs were expected to be eliminated. The chain said the store closings and job cuts should reduce annual operating expenses by $40 million to $45 million, starting with the fiscal third quarter. Family Dollar Stores Inc. cu... 57801448@www.sltrib.com Thu, 10 Apr 2014 08:06:01 MDT American Easter spending down this year http://www.sltrib.com/sltrib/money/57796446-79/billion-spending-easter-percent.html.csp A new report from the Washington, D.C.-based National Retail Federation shows Americans will spend an average of $137.46 on apparel, food, candy and gifts to celebrate Easter this year. That is slightly less than the $145.13 spent last year, with total spending expected to reach $15.9 billion. “The winter doldrums left consumers with a lot of pent-up demand, and though many Americans may take a cautious approach to spending on Easter items this year, retailers are anticipating that warmer weathe... A new report from the Washington, D.C.-based National Retail Federation shows Americans will spend an average of $137.46 on apparel, food, candy and gifts to celebrate Easter this year. That is slightly less than the $145.13 spent last year, with total spending expected to reach $15.9 billion. “The winter doldrums left consumers with a lot of pent-up demand, and though many Americans may take a cautious approach to spending on Easter items this year, retailers are anticipating that warmer weathe... 57796446@www.sltrib.com Wed, 09 Apr 2014 11:03:02 MDT J.C. Penney teams up with Macpherson for lingerie http://www.sltrib.com/sltrib/money/57775602-79/penney-macpherson-lingerie-collection.html.csp New York • J.C. Penney is hoping that some supermodel magic will win over shoppers in the lingerie department. The beleaguered department store chain is launching an exclusive lingerie collection in the U.S. with a partnership with Elle Macpherson, who along with Christy Turlington, Cindy Crawford and others defined a new generation of supermodels in the 1980s. The collection will be in 300 of Penney’s 1,100 stores starting April 11. Penney says it will wait to see how the brand fares before dec... New York • J.C. Penney is hoping that some supermodel magic will win over shoppers in the lingerie department. The beleaguered department store chain is launching an exclusive lingerie collection in the U.S. with a partnership with Elle Macpherson, who along with Christy Turlington, Cindy Crawford and others defined a new generation of supermodels in the 1980s. The collection will be in 300 of Penney’s 1,100 stores starting April 11. Penney says it will wait to see how the brand fares before dec... 57775602@www.sltrib.com Fri, 04 Apr 2014 14:42:02 MDT Mall staple Brookstone seeks bankruptcy cover http://www.sltrib.com/sltrib/money/57769568-79/bankruptcy-brookstone-spencer-million.html.csp Merrimack, N.H. • Brookstone, a staple in malls and airports nationwide, is seeking Chapter 11 bankruptcy protection as part of its $147 million sale to Spencer Spirit Holdings. The purveyor of personal massagers, iPad keyboards and other quirky gadgets said Thursday that its 240 stores will remain open and business will continue as usual. The Merrimack, N.H., company announced last week that it would be acquired by Spencer after it had filed for bankruptcy protection. Both companies are private... Merrimack, N.H. • Brookstone, a staple in malls and airports nationwide, is seeking Chapter 11 bankruptcy protection as part of its $147 million sale to Spencer Spirit Holdings. The purveyor of personal massagers, iPad keyboards and other quirky gadgets said Thursday that its 240 stores will remain open and business will continue as usual. The Merrimack, N.H., company announced last week that it would be acquired by Spencer after it had filed for bankruptcy protection. Both companies are private... 57769568@www.sltrib.com Thu, 03 Apr 2014 09:54:02 MDT Valley Fair Mall has risen from near-death experience http://www.sltrib.com/sltrib/money/57727909-79/valley-mall-west-fair.html.csp West Valley City • Call the Valley Fair Mall the Lazarus of shopping centers. In 2004 and 2005, it was almost dead. Owned by an indifferent out-of-state real estate company, it looked as though it would be razed like the Cottonwood Mall and replaced by a few large box stores. But Valley Fair, which opened with great fanfare in 1969, refused to die despite benign neglect. When a shop closed, another tenant was usually there to take its place. A combination of redevelopment agency investments by... West Valley City • Call the Valley Fair Mall the Lazarus of shopping centers. In 2004 and 2005, it was almost dead. Owned by an indifferent out-of-state real estate company, it looked as though it would be razed like the Cottonwood Mall and replaced by a few large box stores. But Valley Fair, which opened with great fanfare in 1969, refused to die despite benign neglect. When a shop closed, another tenant was usually there to take its place. A combination of redevelopment agency investments by... 57727909@www.sltrib.com Thu, 27 Mar 2014 19:49:50 MDT Trader Joe’s to open new Utah store in Cottonwood Heights http://www.sltrib.com/sltrib/money/57730474-79/store-joe-trader-cottonwood.html.csp Trader Joe’s, the neighborhood grocery store that has developed a cult following of crazed fans who like its organic foods and branded goods, is opening a second Utah location in Cottonwood Heights. The store will begin construction this summer at 6989 S. 1300 E., the site of a former Fresh Market grocery store; it is scheduled to open some time in the first half of 2015, the Monrovia, Calif., company announced Wednesday morning. The 9,800-square-foot store, which is about the average size of a ... Trader Joe’s, the neighborhood grocery store that has developed a cult following of crazed fans who like its organic foods and branded goods, is opening a second Utah location in Cottonwood Heights. The store will begin construction this summer at 6989 S. 1300 E., the site of a former Fresh Market grocery store; it is scheduled to open some time in the first half of 2015, the Monrovia, Calif., company announced Wednesday morning. The 9,800-square-foot store, which is about the average size of a ... 57730474@www.sltrib.com Thu, 27 Mar 2014 10:05:51 MDT Retail groups say credit card system needs overhaul http://www.sltrib.com/sltrib/money/57734389-79/cards-fraud-card-federation.html.csp The nation’s credit and debit card system is prone to fraud and needs a major overhaul. That was the message the National Retail Federation, the world’s largest retail trade association, brought to the U.S. Senate Wednesday. In a news release, the federation charged that banks’ insistence on cards that use a signature instead of a Personal Identification Number puts merchants and their customers at risk. The federation said that credit card companies continue to promulgate the use of the fraud-... The nation’s credit and debit card system is prone to fraud and needs a major overhaul. That was the message the National Retail Federation, the world’s largest retail trade association, brought to the U.S. Senate Wednesday. In a news release, the federation charged that banks’ insistence on cards that use a signature instead of a Personal Identification Number puts merchants and their customers at risk. The federation said that credit card companies continue to promulgate the use of the fraud-... 57734389@www.sltrib.com Wed, 26 Mar 2014 14:00:05 MDT Tanger Outlet holding spring fashion event http://www.sltrib.com/sltrib/money/57733756-79/spring-fashion-style-tanger.html.csp The Tanger Outlet Center in Park City is holding a spring fashion event called TangerSTYLE through April 19. Tanger Style Maker Briana Gurley offers the following tips for fashion this spring: • Mod style includes retro fashion filled with colorful A-line dresses. She suggests transitioning from winter to spring with a Mod-style short sleeve swing coat over a classic shift dress. • Black and white patterns are in this spring, especially in graphic print. Gurley suggests a graphic print collarles... The Tanger Outlet Center in Park City is holding a spring fashion event called TangerSTYLE through April 19. Tanger Style Maker Briana Gurley offers the following tips for fashion this spring: • Mod style includes retro fashion filled with colorful A-line dresses. She suggests transitioning from winter to spring with a Mod-style short sleeve swing coat over a classic shift dress. • Black and white patterns are in this spring, especially in graphic print. Gurley suggests a graphic print collarles... 57733756@www.sltrib.com Wed, 26 Mar 2014 11:52:01 MDT Wal-Mart takes aim at $2B used video game market http://www.sltrib.com/sltrib/money/57698307-79/video-game-mart-wal.html.csp New York • Wal-Mart plans to start buying used video games from shoppers at stores in a move that goes after the bread-and-butter business of GameStop. Wal-Mart Stores Inc. plans to expand its current online trade-in program by allowing customers to trade their used video games at 3,100 Wal-Mart stores in exchange for credit toward the purchase of other items. The world’s largest retailer is taking aim at the $2 billion used video-game market. It’s a business that’s dominated by GameStop Corp., ... New York • Wal-Mart plans to start buying used video games from shoppers at stores in a move that goes after the bread-and-butter business of GameStop. Wal-Mart Stores Inc. plans to expand its current online trade-in program by allowing customers to trade their used video games at 3,100 Wal-Mart stores in exchange for credit toward the purchase of other items. The world’s largest retailer is taking aim at the $2 billion used video-game market. It’s a business that’s dominated by GameStop Corp., ... 57698307@www.sltrib.com Tue, 18 Mar 2014 13:07:46 MDT