News


JCPenney’s Q4 Earnings Miss Dents Shares, But Sales Improve

JCPenney storefront

Plano, TX—JCPenney once again saw its shares battled after reporting late Thursday that its adjusted fourth quarter earnings were … [Read more...]

Ross Stores Q4 Top Views, Plans $1.4 Billion Buyback

ross

Pleasanton, CA—“Robust comparable sales gain” and improved gross margin helped Ross Stores into a 14% increase in its fourth … [Read more...]

Target CEO: No Minimum Wage Increase Anytime Soon

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Minneapolis—Don’t expect Target to follow suit to its bigger rival Walmart and raise its employees’ minimum wages despite … [Read more...]

The Evolution of Payment: How Mobile Wallets are Changing Retail

mobile wallet

San Diego—Consumers are more accepting of shopping using a mobile wallet than perhaps most retailers thin. In its latest Retail … [Read more...]

Amid Narrowed Q4 Loss, Sears Holdings Plans to Sell Off Stores

sears

Hoffman Estates, IL—Despite a smaller fourth quarter loss than last year, Sears Holdings plans to continue on Chairman Edward … [Read more...]

Kohl’s Q4 Results Beat Estimates, to Increase Omnichannel Spending

Kohl's introduces the LC Lauren Conrad collection, a modern interpretation of the timeless tale, Cinderella

Menomonee Falls, WI—Kohl’s Corp. reported today a better-than-expected fourth quarter as its comparable store sales … [Read more...]

Chico’s to Close 120 Stores; Takeover Plans Abandoned

chicos

Fort Myers, FL—Chico’s FAS said today it plans to shutter 120 stores by 2017, and slow down opening new stores. The women’s … [Read more...]

The Galleria at Houston Undergoes $250 Million Transformation

Simon--Galleria Exterior

Houston—The Galleria at Houston is currently undergoing an extensive transformation and has announced several new-to-market luxury … [Read more...]

Iconix Q4 Profit Down; But Outlook Up

peanuts

New York—Iconix Brand Group Inc. reported today its fourth quarter profit was down 9% but looking ahead the brand licensing … [Read more...]

Target Swings into Q4 Loss on Exit from Canada, But Sales Increased

Shopping carts are stacked inside a Target store in Dallas

Minneapolis—Target Corp. reported today that it swung into a fourth quarter loss, hurt by a major loss from its exit from Canada. … [Read more...]

Hudson’s Bay Launches Two Real Estate Joint Ventures

Part of the Deal: Saks Fifth Avenue flagship in Beverly Hills

Toronto and New York—In another display of Chairman/CEO Richard Baker’s acumen, Hudson’s Bay Company announced today it would be … [Read more...]

Marshalls, T.J. Maxx to Raise Minimum Wage to $9 an Hour

TJX Cos.

Framingham, MA—A week after Walmart announced it would give half a million of its employees raises to $9 an hour, TJX Companies … [Read more...]