Finance & Capital Management

E-commerce and Disney’s Frozen helped propel Books-A-Million’s holiday sales over Barnes & Noble’s.

Books-A-Million, the country’s second largest bookstore chain, reported that total sales for the nine-week period ended Jan. 3 were $129.2 million, an increase of 1.1% over the same period a year ago. Same store sales rose 1.2%, but excluding sales of e-reader devices comp sales were up 1.7% in the nine week period compared to the holiday season last year.

Santa did not bring any gifts this past holiday season for Toys "R" Us, as the toy retailer reported a drop in same store sales.

Toys “R” Us said same store sales in the United States fell 5%. The company said gross margins, however, improved, especially in the U.S., after the company was more "disciplined" in its promotional offers and more "rational" in its pricing strategy.

San Diego – PriceSmart Inc. reported mixed results for the first quarter of fiscal 2015, missing Wall Street expectations for net income but exceeding revenue forecasts. Net income totaled $20.65 million, down 4% from $21.43 million.

Higher income taxes and expenses drove the decline in profit. Total revenues fared better, growing 8% to $656 million, from $605.6 million. Same-store sales rose 1.5%.
 

Fewer shoppers were in the mood to buy containers last fall, as the Container Store blamed its third quarter performance on lower customer traffic.

The company said same-store sales declined 3.5% in the third quarter that ended Nov. 29.

“We were not satisfied with our comparable-store sales and are working to fix it. Traffic has been the culprit, as the average customer transaction was up 2%,” Container Store Group CEO Kip Tindell said.

But, Tindell added, traffic turned positive in the fourth quarter.

Seattle – In a surprising move, the second in command at Starbucks Corp., COO Troy Alstead, 51, is taking an extended, unpaid leave of absence from the company starting March 1. Alstead, a 23-year Starbucks veteran, is responsible for day-to-day operations of the coffee giant, a position he was appointed to in January 2014. He is widely viewed as a potential successor to CEO Howard Schultz.

Teens will soon have fewer choices when it comes to shopping for the latest fashions.

Deb Shops announced it has won court approval to launch going-out-of-business sales that will culminate with the closing of nearly 300 stores.

“We thank our many customers and dedicated employees for their tremendous loyalty over the years and are very proud of our associates’ commitment to maintaining the high level of customer service we are known for throughout this transition,” said Dawn Robertson, CEO at Deb Shops.

Canton, Mass. – Dunkin' Donuts has signed the largest development agreement in the company's history with the goal of expanding Dunkin' Donuts in China. The retailer plans to open more than 1,400 new stores across China in the next 20 years.

Dollar Tree and Dollar General shareholders may be wondering why the boards of their respective companies are so intent on acquiring Family Dollar after seeing the takeover target’s first quarter results.