Retail

Pier 1 Q2 Net Nearly Halved

Pier 1

FORT WORTH, Texas-Second-quarter net income for Pier 1 Imports fell 48.6 percent to $9.2 million, as increased expenses trumped a gain in sales. Selling, general and administrative expenses in the quarter, which ended on Aug. 30, jumped 10 percent in dollars and 120 basis points as a percentage of sales, to 32.2 percent. Gross marginMore »

Last updated: September 18, 2014

Burlington Names Cooper, McNamara to Board

Frank Cooper III

BURLINGTON, N.J.-Frank Cooper III, chief marketing officer, global consumer engagement for PepsiCo’s Global Beverages Group, and William McNamara, former chairman and CEO of Macy’s Midwest, have joined the Burlington Stores board of directors. Cooper has served in his current role with PepsiCo since January 2010. His career also includes executive positions with America Online, UrbanMore »

Last updated: September 18, 2014

Family Dollar Board to Shareholders: Don’t Go for Dollar General Offer

H09-FamilyDollar3_R1

MATTHEWS, N.C.-The Family Dollar board of directors has recommended that the retailer’s shareholders reject Dollar General’s latest bid to acquire its dollar-store rival. Last week, Dollar General took its all-cash offer of $9.1 billion, which had been rejected by the Family Dollar board, directly to the shareholders. In a statement issued this morning by FamilyMore »

Last updated: September 17, 2014

Macy’s Outlines New Developments in Omnichannel Effort

Macy’s Inc.

CINCINNATI-Macy’s has augmented its omnichannel strategy and technology with several new developments. As of Sept. 9, Macy’s and Bloomingdale’s stores are supporting the Apple Pay mobile payment system, which will be launched this fall on Apple’s new iPhone 6 and iPhone 6 Plus mobile devices, and on the new Apple Watch. In addition, both storesMore »

Last updated: September 16, 2014

Retail Sales “Encouraging” in August

Census Bureau

WASHINGTON-U.S. retail sales in August recorded increases of 0.6 percent over July and 5 percent over August 2013, according to the monthly retail sales report from the U.S. Bureau of the Census. The August pickups were termed “encouraging” by the National Retail Federation. “August sales figures signal that consumers are willing and ready to spendMore »

Last updated: September 15, 2014

ARTS Awards Finalists for 2015 Announced

ARTS Awards 2015

DALLAS–Dallas Market Center and ART, the creative home furnishings network, have released the finalists for the 26th annual ARTS Awards. To be presented on Friday, Jan. 16, 2015, during the Dallas Total Home & Gift Market, the ARTS Awards recognize excellence in manufacturers, retailers, designers and sales representatives worldwide in 27 categories, including a newMore »

Last updated: September 15, 2014

Home Helps as Hudson’s Bay Narrows Q2 Loss

Hudson’s Bay

TORONTO-Hudson’s Bay Co. reported a second-quarter net loss of C$36 million (about $33 million), compared to a second-quarter net loss of C$81 million (about $74 million) last year. The acquisition of Saks, which was closed in November 2013, helped Hudson’s Bay bottom line in the quarter, which ended on Aug. 2. With Saks in theMore »

Last updated: September 12, 2014

Macy’s Celebrates Hispanic Heritage Month

Macy’s Celebrates Hispanic Heritage Month

NEW YORK–Macy’s will celebrate Hispanic Heritage month this fall by honoring and hosting in-store events with Latin-American women Jasmine Villegas, Julie Sariñana and Kika Rocha. The events will take place at stores across the country, from Sept. 19 through Oct. 11, giving customers the opportunity to be part of a casual conversation with the threeMore »

Last updated: September 12, 2014