Retail Executive Finance News

05/08/2013 - 4:28pm
Foot Locker to buy German athletic footwear chain Runners Point

Foot Locker Inc. said Wednesday that it will buy German athletic store chain Runners Point Warenhandelsges (RPG) for 72 million euros ($94 million) as it expands in Europe.

05/08/2013 - 11:35am
Stein Mart same-store revenue surges in April

Revenue at stores open at least one year climbed 8% last month for discount retailer Stein Mart.

05/08/2013 - 11:34am
Fred’s meets high April expectations

Fred’s, Inc. reported a slight boost in total sales for the first three months of fiscal 2013 compared to the same period last year – an increase from $500.5 million to $501.4 million.

05/07/2013 - 5:47pm
Whole Foods Market Q2 profit surges 20%; raises forecast

Whole Foods Market reported that its second-quarter net income rose to $142 million from $118 million a year earlier, beating analysts estimates.

05/07/2013 - 5:32pm
J.C. Penney Q1 same-store sales down 16.6%, missing estimates

In preliminary results, J.C. Penney Co. reported that same-store sales in its first quarter decreased approximately 16.6%, a deeper drop than was expected.

05/07/2013 - 10:34am
OfficeMax profit misses

OfficeMax on Tuesday reported a lower-than-expected profit, for its first profit, hurt by declining technology sales.

05/07/2013 - 10:32am
PriceSmart sales up 10.7% in April; opens new club in Colombia

PriceSmart announced that for the month of April 2013 net sales increased 10.7% to $176.1 million, from $159.1 million in April a year earlier.

05/07/2013 - 10:18am
Senate approves Internet sales tax; opposition looms in House

The U.S. Senate on late Monday approved the long-debated Internet sales tax proposal, known as the Marketplace Fairness Act, by a bipartisan vote of 69 to 27.

05/06/2013 - 10:41am
Stein Mart restates results, to debut e-commerce this year

Stein Mart reported that it has restated its 2011 periods and first quarter 2012 results, released its full-year 2012 financial numbers, and said it will unveil several key initiatives in 2013.

05/06/2013 - 10:39am
Orchard Supply loss widens in Q4

Orchard Supply Hardware Stores Corp. reported Monday a loss of $33.6 million for the quarter ended Feb. 2, widened from a loss of $7.3 million in the year-ago period.

© 2013