Tag: finance

November 4, 2016

Call it the pumpkin spice bump: Starbucks’ third quarter sales came up short of expectations, but its fourth quarter financial results capped fiscal 2016 off on a high note, posting revenue that managed to grow 16% over sales recorded during […]

November 1, 2016

David Simon, chairman and CEO of No. 1 mall developer Simon Property Group said in a call with investors that struggling teen retailer Aeropostale could grow back to 500 profitable stores, a fleet the retailer hasn’t seen since it’s pre-bankruptcy days. Aeropostale […]

September 22, 2016

Zara owner Inditex on Wednesday reported that operating profit in the first half of the year rose 8% to 1.61 billion euros ($1.8 billion), beating expectations; analysts cited by Bloomberg expected profits to reach 1.58 billion euros. Inditex’s net sales […]

August 18, 2016

Boosted by store growth and crisp sales of outdoor living, paint and lawn and garden, Ace Hardware Corporation Tuesday reported second quarter 2016 revenues of $1.4 billion, an increase 0.6% from second quarter 2015. Net income was up 5.8% to […]

August 15, 2016

Consumers cooled their spending in July. Retail sales were flat in July, in line with a revised 0.8% gain in June, according to figures released Friday by the Commerce Department. The report ended three straight months of monthly gains. Sales […]

August 10, 2016

The off-price retailer sector will continue to build momentum and outperform the apparel retail segment during the next five years. That’s according to a new report, “Off-Price Retailers Continue to Build Momentum on Value Appeal,” by Moody’s Investors Service. Off-price […]

August 4, 2016

Just three months after its proposed acquisition by Staples ran into regulatory roadblocks, Office Depot unveiled its plans for the future as a standalone retailer. In its second quarter financial filing, the chain announced it would close an additional 300 […]

August 1, 2016

Deal volume in the retail and consumer sector is up, but deal value is down. Deal volume in the second quarter in the sector reached its highest level in the past 12 months, with 282 announced deals, up 5% over […]

July 27, 2016

The National Retail Federation has upgraded its earlier retail forecast for 2016 as consumer spending is expected to remain solid for the remainder of the year. Sales are now expected to grow 3.4 percent, rather than 3.1 percent, an increase […]

July 22, 2016

With home prices on the rise, consumers are once again investing in remodeling and repair projects. Annual spending on home remodeling is set to hit $3251 billion by the end of 2016, according to a report by CNBC. Read More […]

July 19, 2016

Retailers are focused on getting leaner. That’s according to a new study by Accenture, in which 88% of retailers said they were focused on cost reduction to free up funds necessary to reinvest in growth initiatives. As for where they […]

July 19, 2016

In a move that could help its employees save money, Starbucks Corp. is increasing the number of health insurance options available to its employees. The coffee giant announced Monday that beginning this fall it will give eligible U.S. employees (those […]

July 15, 2016

Specialty apparel retailer The Children’s Place Inc. is partnering with marketing and loyalty solutions provider Alliance Data Systems Corp. to launch a new private label credit card. Alliance Data will develop and deliver a tailored credit card program that is […]

July 13, 2016

After two years of benefitting from gasoline price tailwinds, still-stressed consumers will generate only a sluggish 3.3% year-over-year increase in this year’s back-to-school sales, according to Customer Growth Partners’ 14th Annual BTS Forecast. Total BTS sales for the season will […]

June 20, 2016

In a new federal lawsuit, The Home Depot Inc. is accusing Visa and MasterCard of not doing enough to ensure EMV-compliant, chip-based payment cards truly prevent fraud. As reported by multiple media outlets, The Home Depot’s suit, filed in U.S. […]

June 17, 2016

The second quarter of fiscal 2016 is not yet over for home furnishings retailer Havertys, but shareholders may have reason to be optimistic. Havertys reported that sales for the quarter to date are up approximately 3.6% from the same period […]

June 17, 2016

The Kroger Co. topped Wall Street expectations with more than one result in the first quarter of fiscal 2016. The grocery titan reported net earnings of $680 million, up 9.9% from $619 million the prior year period and ahead of […]

June 15, 2016

Solid. That’s how many industry analysts described retail sales in May. Driven partly by rising gasoline prices, sales increased 0.5% in May, the Commerce Department said Tuesday, above the 0.3% gain economists expected. Excluding automobiles, gasoline stations and restaurants, retail […]

June 14, 2016

The blockbuster $26.2 billion purchase of LinkedIn by Microsoft may benefit retailers trying to effectively recruit and manage employees who typically do not stick around for long. The acquisition is being touted as Microsoft’s entry into social networking, an area […]

June 9, 2016

Target is reportedly requesting that many of its suppliers assume up to 3% to 5% more of the cost of promotions and price reductions on some items. Read More on Chain Store Age