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Finance & Capital Management

  • Jos. A Banks turns in troubling Q4 performance for Tailored Brands

    Tailored Brands, formerly Men’s Wearhouse, vowed more changes after its Jos. A Bank division logged a 31.9% decline in same store sales.

  • Build-A-Bear focused on diversification

    Build a Bear overcame a negative same store sales performance to produce better than expected profits in the fourth quarter.

  • No grout about it, the Tile Shop is surging

    The Tile Shop paved the way for continued growth in the fourth quarter, with an increase in same store sales and profits.

    For the fourth quarter ended Dec. 31, the specialty retailer reported a 9.8% same store sales increase, a 70.4% gross margin increase, and diluted earnings per share of 7 cents. Net sales grew 13.5% to $71.9 million for the fourth quarter compared with $63.3 million for the prior year quarter. 

  • Comps fall for Bebe Stores in Q2

    Traffic and conversion troubles led to a same store sales decrease for fashion retailer Bebe in the second quarter.

    For the period ended Jan. 2, net sales decreased 5% to $122.4 million, as compared to $128.9 million in the second quarter of fiscal 2015. The net sales decrease was primarily driven by a comp decrease and store closures. Same store sales decreased 2.5% compared to an increase of 8% in the same period of the prior year. Traffic and conversion declined while average unit retail was flat.

  • Veteran CPG executive joins BJ’s board

    The former head of global health and well-being at Procter & Gamble is the newest member of the board of directors at BJ’s Wholesale Club.
     

  • Off-pricer to make Canadian debut

    Nordstrom continues to expand north of the border.

    The retailer announced that its Nordstrom Rack off-price division will open its first Canadian location, in Toronto, in 2018.

    The 38,600-sq.-ft. store will be located at One Bloor in Yorkville, on the southeast corner of Yonge Street and Bloor Street, a well-known shopping district in Toronto. It will be approximately one mile north of the Nordstrom full-line store, which is scheduled to open in September 2016 at CF Eaton Centre.

  • Bebe reports Q2 loss as comps fall

    Traffic and conversion troubles led to a disappointing performance by fashion retailer Bebe Stores in the second quarter. For the period ended Jan. 2, the company reported a loss of $5.5 million.

  • Build-A-Bear Workshop’s future: More outlet stores, pop-ups — and cruise ships

    Build-A-Bear Workshop on Tuesday said it will continue to diversify its store portfolio — including the opening of a branded experience on a cruise ship — as the chain announced disappointing results for its fourth quarter.

    The retailer reported a better-than-expected profit of $20.6 million for the quarter, ended January 3, 2016, compared to net income of $11.8 million in the year ago period.

  • Jos. A Bank turns in troubling Q4 performance for Tailored Brands

    Tailored Brands, formerly Men’s Wearhouse, vowed more changes after its Jos. A Bank division logged a 31.9% decline in same-store sales.

  • Kohl’s eliminates three senior exec positions

    Several published reports are indicating that Kohl’s has eliminated three senior level leadership positions.

    Kohl’s has reportedly eliminated the positions of chief digital officer, senior vice president of store environment and development, and senior vice president of communications and public relations. Retailing Today was unable to independently confirm the jobs cuts or the identify of executives involved. Kohl’s representatives were unavailable for comment.

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