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Retail

April Retail Sales Sharply Rise by 6%

NEW YORK – U.S. chain-store sales posted a strong gain of 6.0 percent for the fiscal month of April on a year-over-year basis.

7-Eleven Whistleblower Alleges Predatory Practices, Franchise Churning & Personal Vendettas

Former 7-Eleven Corporate Investigations Supervisor Kurt McCord has dropped a bombshell in the lawsuit of 7-Eleven, Inc. v. Karamjeet Sodhi, et. al.

7-Eleven Warns Franchisee after Criticizing Company in Press

2013-11-16 11.54.44_thumb[21]Franchisee Hashim Syed, owner of a 7-Eleven franchise in Chicago for the past 25 years, learned the hard way not to criticize his franchisor in the press.

31,000 Hires in March! Restaurant and Auto Dealers Lead in Franchise Jobs

Maserati Manhattan Auto Dealership
Passerbys look at the showroom of the Maserati Manhattan auto dealership. Photo by ps

ROSELAND, N.J. – The coming of spring has brought a pleasant thaw in jobs to the franchise sector. American franchises increased the number of individuals hired by 30,830 in March 2014 according to ADP.

Lenders Stall Radio Shack Plan to Close 1,100 Retail Stores

Radio Shack’s, RSH, plan to shutter 1,100 underperforming electronic retail stores across the country is now delayed as talks break down with some lenders.

Aaron’s Acquires Progressive Finance for $700 Million

ATLANTA and DRAPER, Utah – Home furniture and appliance lender Aaron's In (NYSE:AAN) announced this morning that it has acquired web-based merchandise financier Progressive Finance Holdings, LLC ("Progressive") in an all-cash transaction valued at approximately $700 million.

Who Owns the Customer Experience in Retail?

I had the opportunity to present to a technology company’s advisory board, a table full of eight or nine different retailers, representing the full breadth of retail verticals and sizes. I ran through the current state of omni-channel, expecting to breeze through the first few and delve deeper into topics like the future of the store. That was not to be.

March Ends on Weekly Sales Rebound

NEW YORK – The International Council of Shopping Centers (ICSC) and Goldman Sachs (GS) Weekly Chain Store Sales Index rose by a sharp 3.6% on a week-over-week basis ending March 29.

Restaurants Capitalize on Eating Healthy

CHICAGO – Consumers are seeking healthier menu options, like socially responsible brands and want more information, according to one foodservice researcher.

Convenience Store Visits Decline in Q4 2013 despite Stable Gas Prices

convenience store 7-Eleven
A 7-Eleven c-store & gas station in Honolulu. Photo by bmm

CHICAGO — A tightened grip on consumer spending and a historically soft December contributed to a decline in convenience store (c-store) visits in the fourth calendar quarter of 2013.