Skip to main content

Finance & Capital Management

  • Ulta Beauty to continue aggressive store expansion

    Ulta Beauty on Thursday reported a stellar fourth quarter that shows why many consider it one of the hottest retailers in the United States.      The beauty products retailer also said it would open approximately 100 net new stores in 2017, and remodel 13 locations.           Ulta Beauty’s net income for the quarter, ended Jan. 30, surged 30% to a better-than-expected $140.2 million, from $107.8 million in the year-ago period.  

  • Equity firm completes sale of Finish Line’s specialty running unit

    It’s a done deal.   Private investment firm CriticalPoint Capital on Thursday that it has completed the acquisition of JackRabbit and its respective stores from The Finish Line.   The acquired company, its stores and e-commerce platform will continue to operate under the JackRabbit brand. At the end of 2016, there were 65 JackRabbit and JackRabbit-affiliated stores in 18 states.    

  • RadioShack files Chapter 11 — again

    RadioShack Corp. filed for Chapter 11 bankruptcy protection, its second filing in just over two years.   The electronics retailer said it would close approximately 200 stores, and evaluate options on the remaining 1,300 locations.      General Wireless Operations Inc. acquired the then-bankrupt RadioShack in April 2015, with a plan to turnaround the struggling company by co-branding the bulk of the stores with wireless carrier Sprint.   

  • Sears’ loss narrows but other problems widen

    Sears Holding Corp. narrowed its adjusted loss in its fourth quarter, but its revenue continued to erode and its debt obligations continued to mount.   Sales plunged 17% to $6.05 billion in the quarter ended Jan. 28, down from $7.3 billion a year earlier. Although the chain’s reduced store portfolio contributed to the decline, same-store sales fell 10.3%, driven by an 8% drop at Kmart and a 12.3% at Sears.  

  • Amazon expanding its bookstore format

    Amazon continues to quietly grow its bookstore portfolio.    The online giant confirmed it will open an Amazon Books location in Bellevue, Washington — its second in the state and tenth overall — reported ReCode.   

  • Apparel retailer expanding outlet store concept after terrible Q4

    Express Inc.’s profit plunged 59% in its fourth quarter amid increased discounting and weak mall traffic.    In reporting its fourth quarter results, the apparel retailer said it plans to improve its merchandise mix through a more curated selection.   Express’ profit decreased 59% to $22.8 million in the quarter ended Jan. 28, in line with expectations, as earnings per share fell to $0.29, from $0.67 in the year-ago period.   .

  • Rough quarter for Tailored Brands; restructuring deal with Macy’s

    The parent of Men's Wearhouse, Jos. A. Bank and other menswear brand reported lower sales in its fourth quarter amid soft traffic across its brands.    Tailored Brands reported sales of $793.3 million in the quarter ended Jan. 28, down from $826 million a year ago. The company closed 232 stores in 2016.    The company lost 62 cents a share in the quarter, more than expected, compared with a loss of $21.86 a share in the same period a year ago.   

  • Retailer continues Canadian expansion

    Saks Fifth Avenue Off 5th announced plans for two new stores in Canada.   The retailer plans to open a location at CF Markville in Markham, Ontario. The approximately 27,000 sq. ft. store is scheduled to open in 2018.    “Ontario is a key market for Saks Off 5th in Canada and we’re excited to continue to grow our presence there,” commented Jonathan Greller, president, Saks Off 5th and Gilt, which are part of Hudson’s Bay Company.  
X
This ad will auto-close in 10 seconds