Retail

NPD: More Holiday Shopping Taking Place Online

NPD Group

PORT WASHINGTON, N.Y.-Much of the shopping for holiday gifts during this season will occur on online retail portals, according to a survey by CivicScience whose results were released by The NPD Group. The study found that 27 percent of U.S. consumers plan to do as much of their holiday shopping as possible online this year.More »

Last updated: December 12, 2014

Holidays Boost Retail Sales in November

Census Bureau

WASHINGTON-With consumers firmly in holiday shopping mode, U.S. retail sales in November rose 0.7 percent over October and 5.1 percent over November of last year, totaling $449.3 billion, according to this morning’s report from the U.S. Census Bureau. Commenting on the Census Bureau’s numbers, Matthew Shay, president and CEO of the National Retail Federation, saidMore »

Last updated: December 11, 2014

Restoration Hardware Q3 Net More Than Doubles

Restoration Hardware

CORTE MADERA, Calif.-As the company’s top line continued on its growth trajectory, Restoration Hardware (RH) posted a 103.5 percent increase in third-quarter net income, which totaled $19.4 million. Net revenues for the quarter, which ended on Nov. 1, reached $484.7 million, a 22.4 percent gain over the third quarter of last year. As Gary Friedman,More »

Last updated: December 11, 2014

Walmart Tabs McKenna as U.S. COO

Judith McKenna

BENTONVILLE, Ark.-Judith McKenna has been promoted to chief operating officer for Walmart U.S., succeeding Gisel Ruiz, who has been appointed executive vice president of Walmart’s International People Division. McKenna, previously chief development officer for Walmart U.S., continues to report to Greg Foran, Walmart U.S. president and CEO. She has been with the retailer for almostMore »

Last updated: December 10, 2014

Double-Digit Net Gain for Costco’s Q1

Costco

ISSAQUAH, Wash.-Costco began its fiscal year with a healthy 16.7 percent gain in first-quarter net income, which totaled $496 million. Net sales in the quarter, which ended on Nov. 23, reached $26.3 billion, up 7.4 percent. Included in the top line was a total-company same-store sales increase of 5 percent, which included the effects ofMore »

Last updated: December 10, 2014

Hudson’s Bay Slashes Q3 Loss

Hudson's Bay

TORONTO-As its integration of Saks continues, Hudson’s Bay Co. reported a third-quarter net loss of C$13 million (U.S.$11.6 million), compared to a net loss of C$126 million (U.S.$114.2 million) for the third quarter of last year. Bolstered by the acquisition of Saks, net sales in the quarter, which ended on Nov. 1, jumped 94.4 percentMore »

Last updated: December 9, 2014

Burlington Stores’ Loss Grows in Q3

Burlington Stores

FLORENCE, N.J.-Climbing expenses and a loss on the extinguishment of debt drove Burlington Stores to a net loss of $34.2 million in its fiscal third quarter, compared to a net loss of $16.9 million in the third quarter of 2013. The retailer posted a loss of $70.3 million on the extinguishment of debt in theMore »

Last updated: December 9, 2014

Ristow Tabbed as BrandSource CEO

Jim Ristow

TUSTIN, Calif.-The BrandSource board of directors has named Jim Ristow as its new CEO, effective Jan. 1. Ristow will succeed Bob Lawrence, who has served as CEO since 1994. Lawrenc will stay with the company in an advisory role for a year, assisting with the transition. Ristow joined BrandSource in 1999 and most recently hasMore »

Last updated: December 8, 2014