Retail

Dollar Tree Moves Toward Antitrust Compliance for Family Dollar Merger

Dollar Tree

CHESAPEAKE, Va.-Dollar Tree said it has complied with the Federal Trade Commission’s request for additional information and documents regarding its proposed merger with Family Dollar. In its statement on its compliance, Dollar Tree also said the company and Family Dollar have agreed not to close the deal before Dec. 30, unless the FTC completes itsMore »

Last updated: November 10, 2014

Sears Exploring Creation of a REIT

Sears Holdings

HOFFMAN ESTATES, Ill.-Sears Holdings (NASDAQ: SHLD) said it is looking into the formation of a real estate investment trust (REIT) as a way of generating cash from its real estate portfolio. In a filing with the U.S. Securities and Exchange Commission, the retail holding company said potentially 200 to 300 of its stores would beMore »

Last updated: November 7, 2014

O’Brien Upped to SVP of Merchandising at QVC

QVC

WEST CHESTER, Pa.-QVC has promoted Ken O’Brien to senior vice president of merchandising. O’Brien, who was previously vice president of merchandising, is now responsible for setting and executing QVC’s merchandising strategy for product brands across its categories, along with leading the engagement and management of QVC’s vendor community. He will continue to report to DougMore »

Last updated: November 7, 2014

Target Taps Rice as Chief Risk and Compliance Officer

Jacqueline Hourigan Rice

MINNEAPOLIS-Jacqueline Hourigan Rice has been named senior vice president and chief risk and compliance officer for Target. Rice will join the retailer on Dec. 1 and will be responsible for the centralized oversight of enterprise risk management, compliance, vendor management and corporate security. She will report directly to Brian Cornell, chairman and CEO. Cornell saidMore »

Last updated: November 7, 2014

Target Launches Smart-Home Initiative

Target, Facebook Align for Cartwheel App

MINNEAPOLIS-Target has introduced an offering of smart-home products that includes an in-store test and a dedicated page on its website. According to a Target spokeswoman, the in-store test involves offering smart-home products in 500 stores. The website page leads consumers to smart-home product categories such as thermostats, home security and safety, lighting and switches, well-beingMore »

Last updated: November 6, 2014

Stein Mart Q3 Sales Up 4.5 Percent

SteinMart

JACKSONVILLE, Fla.-Stein Mart (NASDAQ: SMRT) reported third-quarter sales of $303.6 million, up 4.5 percent from last year’s third quarter, according to a preliminary statement on the retailer’s results. Same-store sales in the quarter were up 3.1 percent. Jay Stein, Stein Mart’s CEO, said, “We are pleased with our 3.1 percent comparable-store sales increase for theMore »

Last updated: November 6, 2014

QVC Operating Profit Climbs 22 Percent in Q3

QVC

ENGLEWOOD, Colo.-In what President and CEO Mike George called “our strongest quarterly performance of 2014,” QVC delivered a 22 percent gain in operating income, to $247 million. Net sales in the quarter, which ended on Sept. 30, increased by 4.7 percent to $2.3 billion, according to a statement from Liberty Interactive Corp., QVC’s parent company.More »

Last updated: November 5, 2014

HSNi Sales Rise 4.8 Percent in Q3

HSNi

ST. PETERSBURG, Fla.-With digital sales providing the fuel, HSN Inc. posted a sales increase of 4.8 percent in its fiscal third quarter ending on Sept. 30, to $837.5 million. Digital sales gained 7 percent in the quarter, including an increase of 13 percent in the HSN segment. Total sales in HSN were up 7 percent,More »

Last updated: November 4, 2014