Retail

Dillard’s Q2 Net Falls 5.5 Percent

Dillard’s

LITTLE ROCK, Ark.-Dillard’s second-quarter net income totaled $34.5 million, down 5.5 percent from last year’s second quarter, in what CEO William Dillard II characterized as a “somewhat” disappointing performance. Net sales in the quarter, which ended on Aug. 2, slipped 0.4 percent to $1.5 billion, even though same-store sales were up 1 percent. Home andMore »

Last updated: August 15, 2014

Walmart Q2 Net Up 0.6 Percent as Sales Gain

Walmart

BENTONVILLE, Ark.-A modest gain in sales helped Walmart to an even more modest 0.6 percent increase in its second-quarter net income, which totaled $119.3 billion. Net sales in the quarter, which ended on July 31, reached $119.3 billion, which included flat same-store sales from both Walmart’s U.S. stores and from Sam’s Club warehouses. In addition,More »

Last updated: August 14, 2014

Kohl’s Q2 Net Edges Up 0.4 Percent

Kohl’s

MENOMONEE FALLS, Wis.-Although sales trended somewhat downward, Kohl’s posted second-quarter net income of $232 million, up a slight 0.4 percent from the second quarter of last year. Net sales in the quarter, which ended on Aug. 2, were down 1.1 percent to $4.2 billion, which included a same-store sales decrease of 1.3 percent. Kevin Mansell,More »

Last updated: August 14, 2014

Belk Ups Clevenger, Luoma

Jan Clevenger

CHARLOTTE, N.C.-Belk Inc. has promoted Jan Clevenger to executive vice president and general merchandise manager of men’s, home and kids, and has named David Luoma as chair of its Belk Western Division. The promotion of Clevenger puts her in charge of merchandising for those three areas, and she reports to David Zant, recently named presidentMore »

Last updated: August 14, 2014

Dollar General Names Harvard’s Price to Board

Paula Price

GOODLETTSVILLE, Tenn.-Paula Price, senior lecturer at Harvard Business School, has been appointed to Dollar General’s board of directors, effective Aug. 26. Price’s election brings the number of Dollar General board members to eight. She will serve on the board’s audit committee. Price has been senior lecturer at Harvard Business School since last month. Prior toMore »

Last updated: August 14, 2014

Macy’s Net Rises 3.9 Percent in Q2

Macy’s

CINCINNATI-With sales trending up thanks to a rebound in traffic after a difficult winter, Macy’s second-quarter net income increased 3.9 percent to $292 million. Net sales in the quarter, which ended on Aug. 2, were up 3.3 percent to $6.3 billion, including a pickup of 4 percent in same-store sales. Terry Lundgren, Macy’s chairman andMore »

Last updated: August 13, 2014

Target Canada to Broaden Home Assortment, Adds Execs

Target Canada

MISSISSAUGA, Ontario-As part of a broad package of initiatives to improve its overall business performance, Target Canada is planning several additions to its home merchandise assortment. At the same time, Target Canada has added John Butcher as senior vice president of merchandising and Janna Adair-Potts as senior vice president of stores and distribution. The companyMore »

Last updated: August 22, 2014

Sears Names James to Head Kmart

kmart

HOFFMAN ESTATES, Ill.-Alasdair James has been appointed president and chief member officer of Kmart by the mass retailer’s parent, Sears Holdings. In his new role, James oversees the Kmart operation, including the driving of the format strategy, managing profit and loss and “aligning merchandise, marketing, pricing and selling with the needs and wants of ShopMore »

Last updated: August 12, 2014