Retail

Belk Goes from Profit to Loss in Q3

Belk

CHARLOTTE, N.C.-With added expenses from its new strategic initiatives, Belk Inc. reported a net loss of $8.2 million in its fiscal third quarter, compared to net income of $3.6 million from the third quarter of last year. The regional department-store retailer has targeted total investments of $700 million into a three-year program of initiatives. TheseMore »

Last updated: December 8, 2014

Dollar General, Dollar Tree Spar Over Family Dollar

Family Dollar

GOODLETTSVILLE, Tenn., and CHESAPEAKE, Va.-Dollar Tree (NASDAQ: DLTR) and Dollar General (NYSE: DG) issued statements this morning clashing over their proposed deals to acquire Family Dollar (NYSE: FDO). Dollar Tree’s statement said the U.S. Federal Trade Commission, which has been investigating the antitrust concerns of both proposed acquisitions, may require Dollar General to divest “farMore »

Last updated: December 5, 2014

Big Lots Narrows Q3 Loss

Big Lots

COLUMBUS, Ohio-Slimmed-down expenses and a significantly reduced loss from discontinued operations enabled Big Lots to post a third-quarter net loss of $3.4 million, compared to its net loss of $9.5 million in last year’s third quarter. The retailer’s loss from discontinued operations amounted to $326,000, compared to the $7.6 million loss from discontinued operations fromMore »

Last updated: December 5, 2014

Sears Q3 Loss Rises as Sales Fall

Sears Holdings

HOFFMAN ESTATES, Ill.-Weak sales and low margins led Sears Holdings to a $548 million net loss in its fiscal third quarter, compared to a $534 million net loss in the third quarter of last year. Net sales in the quarter, which ended on Nov. 1, totaled $7.2 billion, down 12.9 percent from last year. TheMore »

Last updated: December 4, 2014

Dollar General Net Ebbs Slightly in Q3, Still Pursuing Family Dollar

Dollar General

GOODLETTSVILLE, Tenn.-As the company reaffirmed its commitment to its proposed acquisition of Family Dollar, Dollar General reported third-quarter net income of $236.3 million, down 0.4 percent from last year’s third quarter. In the company’s statement on the third quarter, Chairman and CEO Rick Dreiling said Dollar General remains “committed to acquiring Family Dollar. We expectMore »

Last updated: December 4, 2014

Reports: Online Sales Strong for Thanksgiving Period

Holiday Shoppers Out in Force This Past Weekend

NEW YORK-Retailers put up strong sales numbers during the just-completed “cyber” sales period stretching from Thanksgiving Day through Cyber Monday, according to reports from retailers and research firms. IBM Digital Analytics Benchmark, IBM’s e-commerce research arm, said online sales on Cyber Monday finished 8.5 percent ahead of last year’s Cyber Monday, which included a gainMore »

Last updated: December 3, 2014

Cost Plus to Host Downton Tea Party

Cost Plus Downton Abbey

NEW YORK-This Sunday, Dec. 7, Cost Plus World Market will celebrate its partnership with Downton Abbey with a “Do the Downton” tea party, inviting people to host a tea party or join the retailer’s online version for prizes. To participate, people have to host a tea party—with family and friends or solo—with their favorite teaMore »

Last updated: December 3, 2014

Mattress Firm: Q3 Sales Jump, Net Falls

Mattress Firm

HOUSTON-Acquisitions proved to be both a plus and a minus for Mattress Firm in its fiscal third quarter, pumping sales but also leading to a drop in its bottom line. Net sales in the quarter, which ended on Oct. 28, rose 42.3 percent to $464.3 million, while net income fell 13.9 percent to $15.6 million.More »

Last updated: December 2, 2014