Retail

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

Sears Hometown & Outlet Q2 Net Falls 52.3 Percent

SearsHometownAndOutlet

HOFFMAN ESTATES, Ill.-Declining sales and rising expenses slashed Sears Hometown & Outlet Stores’ net income by 52.3 percent, to $3.4 million, in its second quarter ending on Aug. 2. Net sales were down 2.8 percent to $638.7 million, which included a drop of 6.3 percent in same-store sales. Bruce Johnson, the retailer’s president and CEO,More »

Last updated: September 9, 2014

Dollar General: We’re Still In It for Family Dollar

Dollar General

GOODLETTSVILLE, Tenn.-After once again being rejected by Family Dollar’s board in its ongoing effort to acquire its rival, Dollar General said on Friday that it “remains committed to acquiring Family Dollar, and is currently evaluating its next steps.” Dollar General said this in a brief statement after Family Dollar announced that its board turned downMore »

Last updated: September 8, 2014