Jeannette Cordoba
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Tween Brands plans to convert about 560 Limited Too stores to its higher value-oriented Justice brand, according to the International Council of Shopping Centers.
Both stores sell fashion basics to the 7- to 14-year-old girl demographic. The conversion is expected to be complete by the end of the first quarter of 2009.
The Justice chain has 310 stores and has averaged double digit comparable store sales during the last 14 quarters.
Tween operates a Limited Too store at The Citadel mall in Colorado Springs.
The company plans to close 26 underperforming Limited Too stores by the end of fiscal 2008 and monitor an additional 90 former Limited Too locations for possible off-mall relocation under the Justice Brand.
Retailers were able to continue the sales momentum experienced through much of the summer thanks to the last of federal government rebate checks sent to consumers.
According to the National Retail Federation, industry sales for July (excluding automobiles, restaurants and gas stations) rose 0.3 percent seasonally adjusted month-to-month and increased 4.7 percent unadjusted over last year.
July retail sales figures released by the U.S. Commerce Department showed total sales decreased 0.1 percent seasonally adjusted from the previous month but increased 4.5 percent unadjusted year-over-year. June retail sales were revised up to a 0.3 percent increase compared to May, after the Commerce Department initially said June sales rose only 0.1 percent.
“While discounters were the biggest beneficiaries of rebate checks, consumers were still spreading the wealth among other retailers,” said NRF Chief Economist Rosalind Wells. “Because most of the rebate checks have already been distributed, retailers will face increased challenges generating sales in the months ahead.”
Most retail categories enjoyed strong gains during July.
General merchandise retailers, including discounters, were big winners for the month with sales increasing 0.3 percent seasonally adjusted compared to June and 6.4 percent year-over-year. Health and personal care stores’ sales were flat compared to the prior month, but saw an increase of 4.4 percent unadjusted year-over-year.
Clothing and clothing accessories stores sales increased 0.2 percent seasonally adjusted compared to the previous month and climbed 3.1 percent unadjusted year-over-year. Electronics and appliance stores also experienced solid growth sales increasing 0.8 percent seasonally adjusted from June and 5.9 percent unadjusted compared to the same period a year ago.
Sunflower Farmers Market will open a store at 1730 Dublin Blvd. next summer.
The Colorado Springs store is the latest in Sunflower’s growth plan, which includes expansion in Arizona, New Mexico, Utah and Texas.
The company operates stores in Denver, Boulder, Highlands Ranch, Fort Collins and Littleton.
The natural-foods grocer plans to launch nine new markets in Colorado by year’s end.
Best Buy will begin selling the iPhone on Sept. 7, becoming the first U.S. chain to offer the gadget outside Apple Inc. and AT&T Inc. stores.
The announcement expands iPhone availability to 970 full-size Best Buy stores and 16 Best Buy Mobile stores.
Best Buy also sells Apple’s Mac computers and iPod media players. The company has completed a two-year conversion of its stores to include upgraded cell-phone departments and computer systems to handle cell-phone activation.
In Europe, independent chains have a much stronger presence, while the U.S. market is dominated by the carrier’s own stores.
AT&T, the exclusive U.S. carrier for iPhone, sells the device in more than 2,000 stores. Apple has 189 stores.
RadioShack Corp. sells AT&T phones, but not the iPhone.
Apple launched the second-generation iPhone on July 11. The two models are priced at $199 and $299, with two-year contracts.
The outlook for retail construction continues to darken, according to Ken Simonson, chief economist for the Associated General Contractors of America.
Retail chains generally reported declines and feeble growth in sales during July compared to a year ago.
More chains have trimmed expansion plans, closed stores or gone out of business, adding to the supply of vacant space.
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Silvio's Newtown Pizza
Address: 337 Pakington St, Geelong VIC 3220, Australia
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Buffers work by reacting with any added acid or base to control the pH For example, let's consider the action of a buffer composed of the weak base ammonia, NH
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Why do buffers work?
