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Finance & Capital Management

  • Urban Outfitters Q1 profit falls 60%

    Urban Outfitters reported disappointing results for its first quarter, weighed down by heavy promotional activity at its namesake and Anthropologie banners.    The company’s net income fell 60% to $11.94 million, or $0.10 per share, down from $29.56 million, or $0.25 per share, in the year-ago period. Analysts had expected the company to earn $0.16 per share,   

  • Sporting goods retailer’s sales disappoint in Q1; to streamline ops

    Dick’s Sporting Goods came up short on same-store sales growth in its first quarter amid what the company called “a challenging retail environment.”  

  • More big numbers from Home Depot

    The world’s largest home improvement retailer raised its earnings expectations as it announced first quarter sales and earnings gains that beat the Street.   Net earnings for the first quarter of fiscal 2017 were $2.0 billion, better than expected, compared with net earnings of $1.8 billion, in the same quarter last year. For the first quarter of fiscal 2017, diluted earnings per share increased 16.0% from the same period in the prior year.  

  • Wal-Mart hit with lawsuit alleging pregnant employees were treated unfairly

    Walmart is the subject of a federal lawsuit involving its alleged treatment of pregnant workers.   

  • Chicago’s largest grocer to buy Strack & Van Til stores

    Jewel Food Stores (Jewel-Osco), a wholly-owned subsidiary of Albertsons Companies, is expanding its footprint in Indiana.    Jewel-Osco said it has entered into an asset purchase agreement with Central Grocers to acquire 19 Strack & Van Til stores and other certain assets. Strack & Van Til is owned by Central Grocers, which filed for bankruptcy protection at the beginning of May.   

  • Amazon marks 20 years as a public company

    Amazon is celebrating two decades as a public company in a big way — as an enterprise worth nearly $460 billion.   The retail giant, which began as a modest online bookstore, went public on the Nasdaq in an IPO valued at a modest $438 million. Today, Amazon has grown into an empire that not only sells books, but has become a major player across categories, including clothing, food, furniture, jewelry, private-label goods and electronics, among other segments.   

  • Williams Sonoma vet joins luxury home furnishings retailer

    The company formerly known as Restoration Hardware has added a longtime Williams-Sonoma executive to its executive team.   RH announced the appointment of Sandra Stangl as president of new business development. In the position, she will lead the development of future new business and growth strategies that will leverage RH’s proprietary multichannel platform.  

  • Sears’ Lampert takes on vendors in blog

    Eddie Lampert, the chairman and CEO of embattled Sears Holdings Corp., is not holding back.    Days after he gave a rare newspaper interview in which he commented on the current state of affairs at Sears and partially blamed media coverage for its troubles, Lampert has taken vendors to task in a new blog post on the company’s website.  
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