Retail

CEO Campbell to Leave Sears Canada

Douglas Campbell

TORONTO-Douglas Campbell, Sears Canada’s president and CEO, said he will leave the retailer by the end of this calendar year. Campbell told the company that he is leaving to return to the United States, “to tend to personal family issues,” according to a company statement. Sears Canada’s board will begin to search for his successorMore »

Last updated: September 30, 2014

Bed Bath Stock Spikes

Bed Bath & Beyond

NEW YORK-Bed Bath & Beyond enjoyed a healthy gain in its stock price in yesterday’s trading on the NASDAQ market. The increase came on the heels of Bed Bath’s second quarter report, which revealed that its second-quarter net income fell by 10.2 percent. In overnight trading, the retailer’s stock price rose from its Sept. 23More »

Last updated: September 25, 2014

Bed Bath Q2 Net Dives 10.2 Percent

Bed Bath & Beyond Net Edges Up 1.8 Percent in Sluggish Q3

UNION, N.J.-Second-quarter net income for Bed Bath & Beyond dropped 10.2 percent to $224 million, as increased costs trumped a modest sales gain. In a conference call yesterday to financial analysts about the quarter, which ended on Aug. 30, Steven Temares, Bed Bath’s CEO, said a major portion of these added expenses involved technology, asMore »

Last updated: September 24, 2014

Deloitte: Holiday Sales Heading Up

Deloitte: Warehouse Clubs Will Top Other Channels in Consumer-Products Sales Growth

NEW YORK-A modest gain in retail sales for the coming holidays is in the offing, according to a forecast from Deloitte, the retail consulting firm. The company said holiday sales should rise by from 4 to 4.5 percent over last year’s holidays, reaching between $981 billion and $986 billion. Deloitte’s measure encompasses retail sales forMore »

Last updated: September 24, 2014

Wayfair IPO Could Garner Up to $308 Million

Wayfair.com

BOSTON-Wayfair’s initial public offering could bring in up to $308 million in proceeds, according to a filing by the Internet retailer with the U.S. Securities and Exchange Commission. The offering involves 11 million shares, with an estimated price of between $25 and $28 a share, the filing said. According to press reports (unconfirmed by WayfairMore »

Last updated: September 23, 2014

Home Depot Security Breach Affects 56 Million Cards

Home Depot

ATLANTA–Home Depot said yesterday that as many as 56 million debit and credit cards may have been compromised during a five-month long security breach. The retailer said that it began an investigation into a possible security breach on Sept. 2, immediately after it received reports from its banking partners and law enforcement that criminals hadMore »

Last updated: September 19, 2014

Pier 1 Q2 Net Nearly Halved

Pier 1

FORT WORTH, Texas-Second-quarter net income for Pier 1 Imports fell 48.6 percent to $9.2 million, as increased expenses trumped a gain in sales. Selling, general and administrative expenses in the quarter, which ended on Aug. 30, jumped 10 percent in dollars and 120 basis points as a percentage of sales, to 32.2 percent. Gross marginMore »

Last updated: September 18, 2014

Burlington Names Cooper, McNamara to Board

Frank Cooper III

BURLINGTON, N.J.-Frank Cooper III, chief marketing officer, global consumer engagement for PepsiCo’s Global Beverages Group, and William McNamara, former chairman and CEO of Macy’s Midwest, have joined the Burlington Stores board of directors. Cooper has served in his current role with PepsiCo since January 2010. His career also includes executive positions with America Online, UrbanMore »

Last updated: September 18, 2014