Retail

Bon-Ton Narrows Q2 Loss

Bon-Ton

YORK, Pa.-The Bon-Ton Stores reported a second-quarter net loss of $36.2 million, compared to a net loss of $37.3 million in the second quarter of last year. Net sales for the regional department-store chain were up 1.1 percent to $563.5 million, including a gain of 1.6 percent in same-store sales. Brendan Hoffman, Bon-Ton’s outgoing presidentMore »

Last updated: August 21, 2014

Kirkland’s Q2 Loss Widens; Madden to Succeed Alderson as CEO

Kirklands2013

NASHVILLE, Tenn.-Kirkland’s second-quarter net loss rose from $577,000 last year to $1.1 million this year, in spite of a gain in sales. The retailer also announced several management moves, including the promotion of W. Michael Madden, senior vice president and chief financial officer, to president and chief operating officer. Madden has also been slated toMore »

Last updated: August 21, 2014

Hall Named Gordmans’ President, CEO

Andrew Hall

OMAHA, Neb.-Gordmans Stores has appointed Andrew T. Hall president and CEO, effective yesterday. Hall has succeeded T. Scott King, Gordmans’ chairman, who served as interim CEO since March. King took the interim CEO post on the retirement of Jeff Gordman, who had been president and CEO since 1996. Hall was president and CEO of StageMore »

Last updated: August 20, 2014

Target Q2 Net Falls 61.7 Percent

Target, Facebook Align for Cartwheel App

MINNEAPOLIS-Target’s second-quarter net income plummeted by 61.7 percent to $234 million, as the retailer continues to struggle with its operations and the expenses related to the breach of data from shoppers’ payment cards which occurred in December. During the quarter, which ended on Aug. 2, Target incurred breach-related expenses of $148 million, including an increaseMore »

Last updated: August 20, 2014

Lowe’s Q2 Net Up 10.4 Percent

lowe's

MOORESVILLE, N.C.-With home improvement continuing its upward trend, Lowe’s logged a 10.4 percent jump in second-quarter net income, which totaled $1 billion. Net sales in the quarter, which ended on Aug. 1, rose 5.7 percent to $16.6 billion, including a pickup of 4.4 percent in same-store sales. Along with the ongoing strength in home improvementMore »

Last updated: August 20, 2014

Home Depot Posts 14.2 Percent Gain in Q2 Net

Home Depot

ATLANTA-A better sales performance and discipline in cost control brought The Home Depot a 14.2 percent increase in second-quarter net income, which totaled $2 billion. Net sales in the quarter, which ended on Aug. 3, were $23.8 billion, up 5.7 percent from last year’s second quarter, and including a pickup of 5.8 percent in same-storeMore »

Last updated: August 19, 2014

TJX Q2 Net Rises 7.9 Percent

TJX

FRAMINGHAM, Mass.-Increased sales, especially from its HomeGoods and TJX Europe units, boosted The TJX Cos.’ second-quarter bottom-line total to $517.6 million, up 7.9 percent above the second quarter of last year. Total net sales in the quarter, which ended on Aug. 2, were $6.9 billion, gaining 7.4 percent and including a companywide same-store sales pickupMore »

Last updated: August 19, 2014

Dollar General Bids for Family Dollar

Dollar General

GOODLETTSVILLE, Tenn.-A little more than three weeks after Dollar Tree apparently cut a deal to acquire Family Dollar, Dollar General has made its own proposal to purchase its rival dollar-store chain. Dollar General’s bid, which was delivered this morning in a letter to Family Dollar’s board of directors, is for $78.50 a share in cash,More »

Last updated: August 18, 2014