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Finance & Capital Management

  • This mall retailer is still on a roll

    Express continues to make all the right moves, reporting better than expected results for its third quarter and raising its 2015 outlook.

  • Sears still can't stop sales skid

    Sears Holdings Corp. is doing a much better job at cutting costs than at stopping its sales decline.

  • Why retail CEOs are worried about climate change

    The chief executives of H&M, Gap Inc. and five other apparel companies are urging world leaders to agree to a strong climate change deal because they fear global warming will drive up their costs by having a negative impact on cotton production, Reuters reported. [Reuters]

  • This retailer is on a roll; raises outlook

    Express continues to make all the right moves, reporting better than expected results for its third quarter and raising its 2015 outlook.

    The specialty apparel retailer reported a profit of $26.3 million, or $0.31 per share, versus a year-ago profit of $14.6 million, or $0.17 per share.

    Revenue rose 9.8% to $546.6 million. Total same-store sales, including e-commerce sales, rose 6%. E-commerce sales climbed 6% to $83.8 million.

  • Federal Realty taps Forest City exec to strengthen mixed-use development team

    Rockville, Md. -- Federal Realty Investment Trust announced the addition of Ramsey D. Meiser to the newly created position of senior VP of mixed-use development reporting to executive VP of development Donald Briggs.

  • A strong quarter and new CFO for Dollar General

    Dollar General Corp. missed Wall Street projections for sales in its third quarter, but the chain came out on top again in its earnings. It also named a permanent CFO.

  • Ulta racks up another gorgeous quarter

    Ulta Beauty's formula of one-stop shopping for prestige, mass and salon beauty products continued to produce impressive sales and earnings growth in the third quarter.

    Ulta' s net income increased 20.2% in the quarter, to a better-than-expected $71.1 million, from $59.1 million in the year-ago period. Total sales rose 22% to $910.7 million, also more than expected. Online sales surged 56.3% to $46.2 million. Same-store sales were up 12.8%, driven by a 10.6% increase in transactions and 2.2% growth in the average ticket.

  • Kimco Realty acquires Christown Spectrum

    Phoenix-Mesa-Scottsdale, Ariz. -- Kimco Realty Corp. announced that it purchased Christown Spectrum power center in the Phoenix-Mesa-Scottsdale, Arizona for $115.3 million. The property is an 850,000 sq. ft. center situated one mile east of Interstate 17 and lies adjacent to the second-busiest light rail station in Phoenix.

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