Retail

Family Dollar Net Tumbles for Q4, FY

Family Dollar

MATTHEWS, N.C.-With the drama regarding whether Dollar General or Dollar Tree will wind up owning the company, Family Dollar reported steep declines in its net income for both the fourth quarter and fiscal year ending on Aug. 30. Net income for the quarter plummeted by 66.3 percent to $34.5 million, bringing net income for theMore »

Last updated: October 10, 2014

NRF: Retail Imports Will Set Record in October

NRF

WASHINGTON-Import cargo volume at the nation’s major retail container ports is projected to set a new monthly record in October, as retailers make a push to get inventory on their shelves for the holidays, according to the most recent Global Port Tracker report from the National Retail Federation and Hackett Associates. Import volume at theMore »

Last updated: October 10, 2014

J.C. Penney to Intensify Promotions in Home

Liz Sweney

NEW YORK-Having restored promotions with its relaunch of its home business in March, J.C. Penney will ramp up promotions in home going forward, company executives said at yesterday’s meeting with financial analysts. Restoring and accelerating promotions are major parts of the retailer’s effort to realize the opportunity to increase home-department sales by $750 million overMore »

Last updated: October 9, 2014

ICSC: Holiday Sales to Rise 4 Percent

Holiday Shoppers Out in Force This Past Weekend

NEW YORK-In a forecast similar to one released by the National Retail Federation on Tuesday, the International Council of Shopping Centers (ICSC) said it expects U.S. retail sales during the November-December shopping period to increase by 4 percent. If achieved, this increase would be the strongest gain in three years, ICSC said. The council estimatedMore »

Last updated: October 9, 2014

Sears Shares Fall on Reports of Vendor Halting Shipments

Sears-Holding-Corp_sign

NEW YORK-The share price of Sears Holdings stock fell by double digits on wire-service reports that a vendor had stopped shipping the retail company. Reports from Business Insider, Bloomberg, CNBC and MarketWatch said an unnamed vendor had decided to halt its shipments to Sears after insurance firms that provide credit insurance to vendors had decidedMore »

Last updated: October 8, 2014

Costco Q4 Net Climbs 13 Percent

Costco

ISSAQUAH, Wash.-A healthy sales gain propelled Costco to a 13 percent increase in fourth-quarter net income, which totaled $697 million. For the fiscal year ending on Aug. 31, net income was $2.1 billion, up 0.9 percent over last year’s bottom line Net sales in the quarter rose 9.4 percent to $34.8 billion, which included aMore »

Last updated: October 8, 2014

Conn’s Exploring Possible Sale

Conn's

THE WOODLANDS, Texas-Specialty retailer Conn’s said it is exploring a potential sale of the business as part of a range of strategic alternatives. Other possibilities which are being examined by the retailer’s management include separating its retail and credit businesses or slowing the rate of store openings. Conn’s has taken on BofA Merrill Lynch asMore »

Last updated: October 8, 2014

Wayfair IPO Closes

Wayfair.com

BOSTON-Wayfair has closed its initial public offering of 12.65 million shares of its class A common stock at $29 per share. This included 1.65 million shares purchased by the underwriters exercising their option to buy additional shares. A total of 10.5 million shares were sold by Wayfair, and 2.15 million shares were sold by certainMore »

Last updated: October 8, 2014