First ‘Outsider’ to Serve as CEO at L. L. Bean Freeport, ME—For the first time in its 103-year-old history, L.L. Beach has hired its first chief executive from outside the company. Chairman Shawn Gorman made the announcement to workers in a memo, telling them the L.L. Bean family and board …
Bon-Ton Q4 Profit Boosted by Insurance Gain
York, PA—Bon-Ton Stores Inc. today reported a 17% rise in its fourth quarter profit that benefitted from a fire insurance settlement. The results sent the department store group’s shares up 30% today in early trading. For its quarter ended Jan. 31, the parent of Boston Store, Bon-Ton, Bergner’s, Carson’s, Elder-Beerman, …
Bon-Ton Stores to Launch Annual Charge Against Breast Cancer
Milwaukee, WI—The Bon-Ton Stores, Inc. which operates Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, will kick off its annual trademarked program, Charge Against Breast Cancer, October Pink Shops on September 17. The program will run in all 262 Bon-Ton Department stores throughout the month of October, National …
Good Tidings: December Comp Sales Better Than Expected
New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations for December comparable store sales. Of the 17 or so major retailers reporting today (excluding drugstores), total December comparable store sales rose 4.5%, topping analysts’ estimates for a 3.3% increase. Even better, the …
February Comp Sales Surprise as Consumer Confidence Rises
New York—Surprisingly strong comparable store sales results in February are being chalked up to a warmer, drier month that spurred shopping as well as an indication that Americans are feeling more confident again. Indeed, Consumer Confidence Index now stands at 70.8, up from a revised 61.5 in January, ahead of …
December Comp Sales Rise 3.3% on Mixed Holiday Results
New York—“Sales were decent but not great.” That’s how Ken Perkins, president of Retail Metrics, summed up today’s December sales results from nearly two dozen major retailers. Comparable store sales for the 20 companies Retail Metrics tracks gained 3.3% in December from a year ago. “It was a highly promotional …
Black Friday Success Bolsters November Retail Comps
New York—A warmer than usual November along with consumers holding off spending for Black Friday weekend resulted in mixed comparable store sales last month. Although comparable store sales for the 20 major retailers tracked by Thomas Reuters rose 3.1% in line with analysts’ average estimates, they were less robust as the …
Bon-Ton Q3 Loss Widens as Sales Drop 6%
York, PA—Bon-Ton Stores Inc. posted today a wider third quarter loss as sales dropped when its shoppers resisted price increases. For the quarter ended Oct. 29, the department store retailer, which operates stores under Bon-Ton, Bergner’s, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger’s and Younkers brands, posted a net loss …
October Comp Sales Up, But Still Disappointing
New York—Major retailers reported today their October comparable store sales were up 3.4% in total from last year, but below retail analysts’ expectations for a 4.5% increase. The results were disappointing, too, given that they come as retailers prepare for their most important selling season, holiday. Of the 23 major …
Despite Uncertainty, September Retail Comps Rise
New York—Despite the daily drumming about economic uncertainty, comparable store sales continued to increase for most U.S. retailers in September. According to Thomson Reuters which tracks 23 retailers, September comparable store sales, or same store sales, increased 5.1%. That’s better than analysts’ average estimate which expected a 4.6% increases. Comparable …
Ukala Sydney Launches Footwear in USA
Sydney, Australia—From Down Under to around the world: that’s the latest from Australian footwear brand Ukala Sydney, which reported this week securing key partnerships with a number of big name retailers in the United States and Europe. Starting this month, Ukala’s fall/winter collection of footwear, many made from Australian Merino …
Despite Irene, August Retail Comp Sales Rise
New York—While Hurricane Irene may have dampened retail sales especially on the East Coast, the storm didn’t hinder sales at leading retailers. For August, Thomson Reuter’s tally of 23 retailers found a 4.4% increase in overall comparable store sales. Some retailers reported that Irene had a negative effect on their …
Bon-Ton Narrows Q2 Loss on Lowered Expenses
York, PA–The Bon-Ton Stores Inc. narrowed its second quarter loss despite a sales decrease by cutting its expenses. For the quarter ended July 30, the department store chain said Thursday its lost $32.3 million, or $1.78 per share, compares with a loss of $33.7 million, or $1.91 a year ago. …
July Retail Sales Surprise, Stronger Than Expected
New York—Although July retail sales were down from a year ago, many retailers defied doom and gloom expectations to post comparable stores sales gains and raising optimism about back to school sales. The 25 retailers tracked by Thomson Reuters reported a 4.4% gain in comparable stores sales meeting expectations for …
June Retail Sales Prove Robust
New York—Helped by promotions, warmer weather and lower gas prices, June retail sales exceeded retail analysts’ estimates as most retailers reported today increases in their comparable store sales. According to Retail Metrics, which tracks 25 top retail chains, sales climbed 7.2%, surpassing analysts’ average estimate for a 5.6% increase. The …
May Same Store Sales Increase Albeit Modestly
Washington—May retail sales rose again last month, but less than retail analysts had hoped as rising costs and gasoline prices may be hindering sales. According to Thomas Reuters’ tally of 24 major retailers on Thursday, May sales rose a modest 4.9% compared with a year earlier, below analysts’ average estimates …
April Retail Sales Increase Better than Expected
New York—While gas and food prices may be on the rise, a late Easter boosted retail sales results for April. Of the 25 retailers tracked by Thomson Reuters comparable store sales—sales at stores open more than a year—were up 8.9% compared with April 2010. That’s even higher than what retail …
March Sales Increase Modestly
New York—While bad weather, rising gasoline prices and a later Easter lead retail analysts to forecast March retail sales would probably decline for the first time since 2009. Instead, consumers continued to loosen their purse strings and spend, creating a small in sales compared with March 2010. According to Thomas …
February Retail Sales Beat Estimates
New York—Despite rising gasoline prices and bad weather in much of the country, same store retail sales rose 4.3% in February, marking the 18th straight monthly gain since September 2009 and the fifth time in the past seven months that sales have beaten projections. Noting that analysts’ average estimates was …
Janurary Retail Sales Show Surprising Increase
New York—While the post-Christmas blizzard may have hampered December results, January’s ice, snow and sleet didn’t seem to keep consumers from their appointed rounds of spending. Retail analysts had expected January sales to increase only 2.7% since winter storms had plagued many part of the country last month and sales …
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