Retail

Macy’s First Store Outside U.S. to Open in Abu Dhabi

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CINCINNATI-Macy’s will open its first location outside of the United States in Abu Dhabi in 2018, as part of a strategic partnership with Al Tayer Group, a company based in the United Arab Emirates with diversified businesses. Also as part of this partnership, Bloomingdales’s will open its second international store location in Abu Dhabi inMore »

Last updated: October 28, 2014

Lowe’s to Open First Manhattan Stores

lowe's

MOORESVILLE, N.C.-Lowe’s will open its first two stores in Manhattan in the second half of next year. The stores will be located at 2008 Broadway, on the corner of West 68th Street; and 635 Sixth Avenue, at the corner of West 19th Street. Each store will measure about 30,000 square feet and will “offer productsMore »

Last updated: October 28, 2014

Container Store Debuts TCS Closets

The TCS Closets

DALLAS-The Container Store has conducted a pilot launch of its new closet line, TCS Closets, which began yesterday at its seven Dallas-Fort Worth area stores. The specialty retailer also plans to roll out the new line to the rest of its stores by the end of 2015. TCS Closets feature thick-profile construction in six exclusiveMore »

Last updated: October 28, 2014

Sears Refutes Store-Closings Report

Sears Holdings

HOFFMAN ESTATES, Ill.-A Sears Holdings spokesman said a news report detailing a number of closings of Sears, Kmart and Sears Auto Center locations is inaccurate. The story, which appeared on the stock-market website Seeking Alpha, said Sears would close 116 stores under all three nameplates, with layoffs of more than 6,000 workers. Responding to aMore »

Last updated: October 24, 2014

Aaron’s Net Falls 56 Percent in Q3

Aaron's

ATLANTA-Declining margins and rising costs, offsetting a major gain in revenues, drove a 56 percent drop in Aaron’s (NYSE: AAN) third-quarter net income, to $9.3 million. Operating expenses in the quarter, which ended on Sept. 30, jumped 28.7 percent in dollars, although as a percentage of revenues expenses were down 109 basis points to 47.3More »

Last updated: October 24, 2014

Target Launches Holiday Initiatives

Target

MINNEAPOLIS-Target has debuted a number of efforts for the holiday shopping season, which include exclusive gift items in a number of product categories, home being one of them. For shoppers, the retailer has introduced new and enhanced digital tools along with free shipping for all orders on target.com through Dec. 20. In addition, more thanMore »

Last updated: October 23, 2014

Select Comfort Q3 Net Rises 16.3 Percent

Select Comfort

MINNEAPOLIS-With sales on the upswing, Select Comfort (NASDAQ: SCSS) reported a 16.3 percent gain in third-quarter net income, which totaled $23.6 million. Net sales increased by 22.6 percent to $323.4 million in the quarter, which ended on Sept. 27. In a conference call to financial analysts yesterday, Shelly Ibach, Select Comfort’s president and CEO, attributedMore »

Last updated: October 23, 2014