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Target Raises Q4 Guidance on Stronger-Than-Expected Holiday Sales

In What's New, Industry News by Lauren Parker, Accessories Magazine

Target posted same-store sales growth of 3.4 percent during the holiday season, bested Wall Street’s projection of 0 to 2 percent. This is more bright retail news against higher consumer confidence, low unemployment and increased wages. Some highlights: Comp sales grew 3.4% in the November/December period, driven by strong traffic and …

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Ross Q2 Beats Expectations

In What's New, Industry News by Accessories Staff

Ross Stores, Inc.’s strong Q2 results underscored how well off price is performing compared to traditional department stores. Net earnings grew to $317 million, compared to $282 million in the prior year. Sales rose 8% to $3.432 billion, with comp store sales up 4% (on top of 4% growth last …

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EXPRESS PLUNGES ON WEAK Q2 EARNINGS

In What's New, Industry News by Accessories Staff

Express, Inc. released its financial results for the second quarter of 2016, ended July 30, 2016, and it wasn’t good. Overall, Comparable sales (including e-commerce sales) decreased 8%, compared to a 7% increase in the second quarter of 2015. E-commerce sales declined 7% to $70.1 million. Net sales decreased 6% to $504.8 million from $535.6 …

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HBC ANNOUNCES COMP SALES FOR Q2

In What's New, Industry News by Accessories Staff

Hudson’s Bay Company released some earnings for the quarter beginning May 1, 2016 and ending July 30, 2016(1) Highlights: Consolidated comparable sales increase of 1.9% On a constant currency basis, consolidated comparable sales decrease of 1.3% DSG (Department Store Group) comparable sales increase of 1.1% HBC Off Price (Saks OFF …