Retail

Restoration Hardware Moves from Loss to Profit in Q2

Restoration Hardware

CORTE MADERA, Calif.-With revenues climbing and expenses plummeting, Restoration Hardware posted net income of $27.3 million in its second quarter ending on Aug. 2, as opposed to its second-quarter net loss of $17.8 million last year. Net revenues gained 13.5 percent to finish the quarter at $433.8 million. This included an increase of 13 percentMore »

Last updated: September 11, 2014

Riesbeck to Become hhgregg CFO

Robert Riesbeck

INDIANAPOLIS-hhgregg has hired Robert Riesbeck as its chief financial officer, a post he will assume on Sept. 15. Riesbeck, will succeed Andrew Giesler, senior vice president of finance, who had been interim chief financial officer since Jan. 31. Giesler took on the interim role after the resignation of Jeremy Aguilar, who became chief financial officerMore »

Last updated: September 11, 2014

Amazon Tops Stores Magazine’s Favorite 50 Shopping Sites

Amazon.com

WASHINGTON-Amazon.com once again finished first on Stores magazine’s Favorite 50 list of top shopping websites. Rounding out the magazine’s top 10 were walmart.com, ebay.com, kohls.com, bestbuy.com, macys.com, target.com, jcpenney.com, sears.com and google.com. This year’s list was notable for the first appearance of wayfair.com, the home furnishings site, which finished 43rd. Zulily.com, which sells home furnishingsMore »

Last updated: September 11, 2014

Dollar General Gets “Hostile” in Family Dollar Takeover Bid

Dollar General

GOODLETTSVILLE, Tenn.-Having failed to get approval from the Family Dollar board, Dollar General has taken its $9.1 billion offer to acquire its dollar-store rival directly to the company’s shareholders (commonly referred to as a “hostile takeover bid”). The offer is essentially the same as the one turned down by the Family Dollar board last week.More »

Last updated: September 10, 2014

Ikea FY Sales Gain 5.9 Percent

IKEA

LEIDEN, The Netherlands-The Ikea Group posted a 5.9 percent increase in total sales for its fiscal year ending on Aug. 31, totaling €28.7 billion (about $37 billion, based on the exchange rate as of Sept. 8). A company statement said the retailer’s fastest-growing market for the year was China, while North America “continued to performMore »

Last updated: September 10, 2014

Stein Mart to Open Six Stores This Fall

Stein Mart

JACKSONVILLE, Fla.-Stein Mart will open six new locations this fall as part of its 2014 expansion plan, which calls for a total of nine new stores and seven relocations. The new stores are located in Albuquerque, N.M.; Carlsbad, Citrus Heights and Clovis, all in Calif.; Delray Beach, Fla.; and Gainesville, Va. In addition, Stein MartMore »

Last updated: September 10, 2014

Joss & Main, Little Big Town Singers Curate Home Collection

Karen Fairchild and Kimberly Schlapman

BOSTON-Joss & Main has launched “An Ode to Style,” a curated sale event and exclusive look inside the homes of Karen Fairchild and Kimberly Schlapman of the Grammy Award-winning country band Little Big Town. The country artists have put together a collection of home furnishings and decor inspired by their Nashville, Tenn., homes. Joss &More »

Last updated: September 10, 2014

Burlington Stores Slims Q2 Loss

Burlington Stores

BURLINGTON, N.J.-Sales gains on both a total and same-store basis helped narrow Burlington Stores’ second-quarter net loss from $25 million last year to $6.5 million this year. Net sales for the quarter, which ended on Aug. 2, rose 8.3 percent to $1 billion, while same-store sales gained 4.7 percent. The latter followed on a same-storeMore »

Last updated: September 9, 2014