Retail

Burlington Stores Slims Q2 Loss

Burlington Stores

BURLINGTON, N.J.-Sales gains on both a total and same-store basis helped narrow Burlington Stores’ second-quarter net loss from $25 million last year to $6.5 million this year. Net sales for the quarter, which ended on Aug. 2, rose 8.3 percent to $1 billion, while same-store sales gained 4.7 percent. The latter followed on a same-storeMore »

Last updated: September 9, 2014

Sears Hometown & Outlet Q2 Net Falls 52.3 Percent

SearsHometownAndOutlet

HOFFMAN ESTATES, Ill.-Declining sales and rising expenses slashed Sears Hometown & Outlet Stores’ net income by 52.3 percent, to $3.4 million, in its second quarter ending on Aug. 2. Net sales were down 2.8 percent to $638.7 million, which included a drop of 6.3 percent in same-store sales. Bruce Johnson, the retailer’s president and CEO,More »

Last updated: September 9, 2014

Dollar General: We’re Still In It for Family Dollar

Dollar General

GOODLETTSVILLE, Tenn.-After once again being rejected by Family Dollar’s board in its ongoing effort to acquire its rival, Dollar General said on Friday that it “remains committed to acquiring Family Dollar, and is currently evaluating its next steps.” Dollar General said this in a brief statement after Family Dollar announced that its board turned downMore »

Last updated: September 8, 2014

QVC’s U.S CEO Steps Down

Claire Watts

WEST CHESTER, Penn.–QVC’s U.S. CEO Claire Watts has resigned, effective Friday, Sept. 5, to pursue other opportunities, the retailer said yesterday. The company has not initiated a search for a successor to Watts, according to a company spokeswoman. The senior U.S. leadership team, including Doug Howe, executive vice president, merchandising and planning; Mary Campbell, executiveMore »

Last updated: September 4, 2014

Dollar General Enhances Proposal to Acquire Family Dollar

Dollar General

GOODLETTSVILLE, Tenn.–Dollar General Corporation today announced that it has sent an enhanced acquisition proposal to Family Dollar Stores, Inc. Under the terms of the revised proposal, Dollar General would increase its proposal for all outstanding shares of Family Dollar to about $9.1 billion. Dollar General also increased the number of stores that it would beMore »

Last updated: September 2, 2014

Belk Q2 Net Up 0.3 Percent, to Invest in Strategic Initiatives

Belk

CHARLOTTE, N.C.-Belk’s second-quarter net income edged up 0.3 percent as sales for the southern department-store retailer gained marginally. Net sales in the quarter, which ended on Aug. 2, totaled $906.5 million, an increase of 0.8 percent and including a pickup of 0.6 percent in same-store sales. “While the beginning of the quarter was soft, salesMore »

Last updated: August 29, 2014

Dueling Dollars

H09-FamilyDollar3_R1

Family Dollar chooses to merge with Dollar Tree over Dollar General By David Gill And the apparent winner of the Family Dollar sweepstakes is … Dollar Tree. With bids to be acquired from both Dollar Tree and Dollar General, Family Dollar opted to stick with an earlier offer made by Dollar Tree. This offer involvedMore »

Last updated: August 28, 2014

Williams-Sonoma Net Climbs 3.7 Percent in Q2

Williams-Sonoma

SAN FRANCISCO-With top-line growth fueled by accelerating direct-to-customer revenues, Williams-Sonoma recorded a 3.7 percent gain in second-quarter net income, which totaled $50.7 million. Total revenues in the quarter, which ended on Aug. 3, were up 5.8 percent to $1 billion, with direct-to-customer net revenues increasing by 9.4 percent. Retail net revenue rose 2.4 percent. AmongMore »

Last updated: August 28, 2014