Finance & Capital Management

First Google became Alphabet and now Men’s Wearhouse is following suit by creating a new holding company structure under the name Tailored Brands, a corporate identity  that hints at growth aspirations beyond the male demographic.

Tuesday Morning's value proposition clearly resonated with shoppers over the holidays as the off-price retailer reported an impressive increase in same-store sales for the second quarter.

The Texas-based retailer said that for the second quarter and six months ended Dec. 31, net sales were $319.9 million for the second quarter, an increase of $18.5 million from the prior year period. Same-store sales increased 8.4%. Operating income for the second quarter was $20.6 million. Diluted income per share was 43 cents.

Nordstrom isn't satisfied with just one location in the Big Apple.

Lands’ End is making some significant executive moves in the wake of reporting a preliminary same-store sales decline of 8% to 10% for the fourth quarter.

Lands' End announced that it has named James (Jim) Gooch as its new executive VP, COO and CFO. Gooch will report directly to Marchionni, and will be responsible for overseeing operational and financial functions for the company. He will succeed Michael Rosera, who will be leaving the company.

Action sports retailer Quiksilver and its nearly 1,000 stores are set to emerge from bankruptcy on Feb. 8, under the majority ownership of Oaktree Capital Management.

Quiksilver filed Chapter 11 bankruptcy on Sept. 9, 2015 and on Jan. 28, the company and Oaktree Capital Management issued a statement indicating that funds managed by Oaktree will convert substantial existing United States debt holdings into a majority of the stock in the reorganized company on exit.

Hhgregg's holiday disaster was confirmed Thursday when the struggling retailer officially posted a loss of $26.9 million in its fiscal third quarter.

The company said that for the third quarter ended Dec. 31, net sales decreased 10.9% to $593 million, compared to the prior year third quarter.

Despite plummeting fuel prices, the ranks of convenience stores swelled to a record level last year.

The U.S. convenience store count increased to 154,195 stores as of Dec. 31, a 0.9% increase (1,401 stores) from the year prior, according to the 2016 NACS/Nielsen Convenience Industry Store Count.

Profit at Under Armour increased nicely in the fourth quarter, and the sports clothing company said growing shoe sales led the company to increase its outlook.