Finance & Capital Management

A decline in traffic at Jos. A. Banks stores weighed heavily on Men's Wearhouse in the third quarter, forcing the company to consider store closures and job cuts.

The CEO of Ollie’s Bargain Outlet says the company’s recent IPO contributed to another strong quarter of merchandise margin and sales growth.

For the third quarter ended Oct. 31, the value retailer said same store sales increased 3.2%. Total net sales increased 16.4% to $174.6 million. Net income increased 39.4% to $6.8 million, or $0.11 per diluted share.

Pep Boys, which agreed to be sold to Bridgestone in October, said it is considering a competing offer from Carl Icahn's investment firm that is worth $2 million more.

Don’t be fooled by Costco’s tepid sales growth and first quarter profit decline. The company is accelerating expansion and pursuing some intriguing digital partnerships while members continue to renew at record rates.

While same-store sales at Dollar General and Dollar Tree have decelerated of late, that is not the case with Canada’s largest dollar store operator which recently opened its 1,000th location.

PGA Tour Superstore in 2016 will open its fourth store in the state of Arizona, in Tucson. Additional 2016 openings are to be announced.

The retailer will open a 25,000-sq.-ft. store at the Tucson Fiesta Shopping Center. The store will have multiple state-of-the-art swing simulators, practice hitting bays, a large putting green and an in-house club making and repair facility to provide a unique, interactive experience to golf enthusiasts of all levels.

Women’s lifestyle brand and retailer Vera Bradley is the latest company to feel the negative sales effects of weaning shoppers off promotions, but the strategic shift has done wonders for the company’s bottom line.

While athleisure apparel is still quite trendy these days, the creator of the trend, Lululemon Athletica, is struggling to grow profits as competitors threaten its value proposition.

For the third quarter ended Nov. 1, the company posted a profit of $53.2 million, or 38 cents a share, down from $60.5 million, or 42 cents a share, a year earlier. Revenue rose 14% to $479.8 million. Same store sales rose 6% for the second quarter in a row on a constant-currency basis.

Executives from Staples and virtual reality firm Magic Leap have joined the strategic advisory board of leading online handbags, luggage and backpacks retailer eBags.

Mike Edwards, eBags president and CEO, said Faisal Masud, executive VP of global e-commerce at Staples, and Scott Henry, CFO at Magic Leap, would bring a wealth of wealth of entrepreneurial and operational experience and an understanding of what it takes to excel in a fast-paced technology to eBags as the newest members of the board.

Women’s lifestyle brand and retailer Vera Bradley is the latest company to feel the negative sales effects of weaning shoppers off promotions, but the strategic shift has done wonders for the company’s bottom line.