Skip to main content

Finance & Capital Management

  • Kroger’s comp streak continues, cap-ex to surge

    The lack of food price inflation which has affected the performance of many grocers had little impact on fourth quarter results at Kroger’s, a company whose string of quarterly same-store sales increases has now entered its 13th year.

  • Burlington Stores keeps hot streak going

    Burlington Stores attracted large numbers of shoppers over the holiday season, as the off-price retailer reported a jump in sales and profit for the fourth quarter.

    For the fourth quarter ended Jan. 30, the company said adjusted net income per share rose 26% to $2.31 vs. $1.83 in the prior year quarter.Revenue increased 3.5% to $1.55 billion. Same-store sales increased 2.1%.

  • Costco prevails during holidays

    Costco’s profit fell short of analysts’ estimates at the mid-point in its fiscal year, but business trends were solid in the company’s second quarter with a 4% same store sales increase at U.S. locations.

    The company said its total revenues for the period ended Feb. 14, which included the holidays, increased 2.6% to $28.2 billion. Merchandise and service sales increased 2.6% to $27.9 billion and membership fees increased 3.6% to $603 million.

  • Sports Authority to close stores as online sales hurt business

    The Sports Authority on Wednesday filed for Chapter 11 bankruptcy protection and said it plans to close or sell as many as 140 of its 463 stores nationwide. The beleaguered company has struggled in recent years under increased competition not only from online players, but also from the likes of Dick’s Sporting Goods and specialty retailers such as Lululemon that have capitalized on the “athleisure” boom in fitness apparel.

  • Meijer on the move with new stores and remodels in 2016

    Meijer's ambitious growth plans for 2016 involve nine new supercenters, 32 remodels and a $400 million budget.

    The company announced the investment includes the construction of nine new Meijer supercenters and 32 different remodel projects. While Michigan, Indiana, Illinois, Kentucky and Wisconsin will each welcome new Meijer supercenters later this year, dozens of other Meijer stores have begun or will soon begin remodel projects to further enhance the customer shopping experience.

  • Abercrombie & Fitch's turnaround continues

    Abercrombie & Fitch's efforts to attract more shoppers are paying off, as the company reported an increase in same store sales for the fourth quarter.

    The teen retailer announced adjusted earnings of $1.08 a share for the period ended Jan. 30. Net sales were $1.11 billion. Same store sales jumped 1%, the first gain in overall same store sales since the third quarter ended October 29, 2011, according to Bloomberg.

  • American Eagle improves performance by refining footprint and merchandise

    American Eagle Outfitters didn’t exactly soar in the fourth quarter, but its low single-digit same-store sales increase was better than most and benefitted from recent store closures.

    Total company sales increased 3% to $1.11 billion and same store sales grew 4% after a flat performance in the fourth quarter the prior year. Earnings per share increased 17% to 42 cents from the 36 cents earned from continuing operations the prior year. The company expects its first quarter same store sales to increase in the mid-single digits.

  • Aldi takes energy management to the cloud

    Discount grocer Aldi has deployed an energy management solution that gives it control and visibility across its nearly 1,500 U.S. stores.

    The chain has implemented Siemens’ Site Controls energy management system, with the majority of the installations involving retrofits at existing stores where thermostats or third-party energy management systems were replaced. But the system has been deployed in newly constructed stores as well. Aldi will also install the Site Controls system in new stores as it continues to expand across the nation.

  • Von Maur’s expanding footprint

    Von Maur Department Store is doubling down in Minnesota.

    The family-owned company will open a 140,000-sq.-ft. store at the Rosedale Center in St. Paul. Scheduled to open fall 2018, the store will be the retailer’s second location in Minnesota. Construction is due to begin in spring 2017.

  • Five Below sets sights on Florida

    Teen and pre-teen retailer Five Below has big plans to bring its brand of extreme value retail to the Sunshine State.

    The company will hold a grand opening of its first store in Miami on March 2, giving it a total of 15 locations in the state, and said over time is expects to open 100 more stores. This store is located at Causeway Plaza, 12195 Biscayne Blvd, North Miami.

X
This ad will auto-close in 10 seconds