Retail

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

Campbell Soup’s Owens Elected to J.C. Penney Board

Craig Owens

PLANO, Texas-J.C. Penney said B. Craig Owens, retired chief financial officer and chief administrative officer of Campbell Soup, has been elected to its board of directors. Owens was with Campbell Soup from 1996 until his retirement earlier this year. He became chief financial officer and chief administrative officer in 2008. Prior to joining Campbell Soup,More »

Last updated: October 8, 2014

The Container Store’s Kip Tindell Pens Book

Container Store Uncontainable

DALLAS-The Container Store chairman and CEO Kip Tindell has written his first book, “Uncontainable: How Passion, Commitment, and Conscious Capitalism Built a Business Where Everyone Thrives,” which underscores the retailer’s mantra that it’s possible and joyful to create a business where everyone associated with it thrives. Tindell kicked off the launch of his book atMore »

Last updated: October 8, 2014

Container Store Goes from Loss to Profit in Q2, But Shares Fall

The Container Store

COPPELL, Texas-Even though the on-the-surface numbers looked positive, share prices for The Container Store Group fell by double digits in overnight trading as investors reacted to the company’s reduced expectations for the quarters ahead. The Container Store posted net income of $7 million in the quarter, which ended on Aug. 30, as opposed to aMore »

Last updated: October 7, 2014

NRF: Holiday Sales to Rise 4.1 Percent

NRF

WASHINGTON-U.S. retail sales during the holiday months of November and December should increase by 4.1 percent to $616.9 billion, according to a forecast by the National Retail Federation. If achieved, this growth would top last year’s gain of 3.1 percent. NRF’s projection excluded automobiles, gasoline and restaurant sales. Over the past 10 years, including thisMore »

Last updated: October 7, 2014