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Tag: finance


Customer Experience, Loyalty Programs, Retail Types, Stores

Discount retailer outperforms in Q2

August 28, 2017

Via: Chain Store Age

Big Lots topped Street estimates in its second quarter as shoppers continue to seek out bargains. Net income rose 28.2 % to $29.1 million, or $0.67 per diluted share, in the quarter ended July 29, 2017, from adjusted income of […]


Retail Types, Stores

J.C. Penney loss widens on store closing efforts; to boost apparel

August 14, 2017

Via: Chain Store Age

Liquidation efforts took a toll on J.C. Penney in its second quarter, which reported earnings and same-store sales below estimates. Penney’s net loss widened to $62 million in the quarter ended July 29, or 20 cents per share, from $56 […]


Retail Trends

Staples is one step closer to being acquired

July 31, 2017

Via: Chain Store Age

Staples met the first requirement on its road back to private ownership. The office supplies giant, which is being acquired by private equity firm Sycamore Partners, has been granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements […]


Suppliers

Aldi’s newest fulfillment center planned for Arizona

July 28, 2017

Via: Chain Store Age

A German discount grocer is buying up land in the Grand Canyon State — but not to open stores. Aldi is planning to open a regional fulfillment center in Goodyear, Arizona. The facility will house an office and distribution center, […]


Retail Trends

Amazon’s healthy Q2 sales can’t offset big earnings drop

July 28, 2017

Via: Chain Store Age

Amazon’s Prime Day may have boosted the company’s second quarter sales, but the event wasn’t enough to keep its earnings on track. The online giant’s net income for the second quarter, ended June 30, was $197 million, or $0.40 per […]


Retail Trends

Michael Kors snags luxe shoe brand for $1.3 billion

July 26, 2017

Via: Chain Store Age

Michael Kors expects its newest acquisition to give it a stronger hold in the luxury sector. The brand, which built its reputation on lines of high-end apparel, handbags, shoes and fashion accessories, has acquired luxury shoemaker Jimmy Choo for approximately […]


Retail Trends

Report: Hardware store retailer considering sale

July 12, 2017

Via: Chain Store Age

Is True Value on the block? A Bloomberg report on Monday had the industry talking, raising the prospect of a sale for True Value Company. According to sources who spoke to Bloomberg and asked not to be identified, the co-op is currently in talks with […]


Retail Trends

Five takeaways about the new Walgreens-Rite Aid deal

June 30, 2017

Via: Chain Store Age

The drug store industry awoke Thursday morning to arguably the biggest story of the year — the news that Walgreens and Rite Aid had agreed to scrap their original merger agreement one more time, this time in favor of a […]


Retail Trends

Home decor retailer cuts Q1 loss; online continues to grow

June 30, 2017

Via: Chain Store Age

Pier I Imports reduced its loss in the first quarter amid a boost in its gross margin and other operational improvements. Pier 1 reported its first-quarter loss narrowed to $3 million, or 4 cents a share, from $6 million, or […]


Retail Trends

L1 Retail buys Holland & Barrett for $1.8bn

June 26, 2017

Via: Essential Retail News

Holland & Barrett has been sold to investment firm, L1 Retail, for $1.8 billion. L1 Retail is owned by Russion billionaire, Mikhail Fridman. The retail division is headed up by Stephan DuCharme who is also head of X5’s supervisory board, […]