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  • Liz Claiborne Q2 loss widens, sales beat estimates

    New York City -- Liz Claiborne, parent company of Kate Spade and Juicy Couture labels, reported Thursday that its second-quarter loss widened to $89.9 million, from $86.8 million in the year-ago period.

    Sales rose to $555.8 million from $536.8 million, beating Wall Street’s anticipated $522.1 million.
     

  • Mixed results for Lumber Liquidators in second quarter

    TOANO, Va. — Lumber Liquidators second-quarter sales increased 4% to $175.5 million, up from $168.7 million in the same quarter last year.

    But at comparable-stores decreased 7.9%, and net income decreased to $5.3 million in the second quarter, down from $9.1 million in the second quarter of the prior year. 

  • Walmart on Amazon alert as sales explode at online rival

    Amazon.com generates about three times the number of unique visitors each month that Walmart.com does, according to online measurement firm comScore, and all that traffic is allowing Amazon.com to generate record sales.

  • Payless ShoeSource opens 100th franchise store

    Topeka, Kan. -- Collective Brands, parent to Payless ShoeSource, announced Thursday the opening of its 100th franchise store, which is located in Cirebon, Indonesia.

    The store represents the seventh store in Indonesia to date and the overall rapid international expansion of the Payless store chain over the past two years through its franchise strategy.

  • FMI names Heather Garlich director of media, public relations

    ARLINGTON, Va. — The Food Marketing Institute on Wednesday named Heather Garlich as the association’s director of media and public relations. She will be responsible for managing communications outreach and information activities related to FMI’s strategic goals, including government relations, food safety, conferences and events, and industry relations.

  • Free admission to art museum courtesy of Walmart

    Walmart said it will donate $20 million to the Crystal Bridges Museum of American Art to provide for free admission for the next five years. The expansive world class facility scheduled to open Nov. 11 in Bentonville, Ark. was founded by the Walton Family Foundation in 2005.

  • Whole Foods Q3 profit jumps 35%, on track to open near dozen stores

    Austin -- Whole Foods Market reported Wednesday a profit jump of 35% to $88.5 million, compared with $65.7 million in the year-earlier period.

    Revenue rose 11% to $2.4 billion, meeting Wall Street expectations, and same-store sales rose 8.4%.

  • Payless fashions franchise success

    TOPEKA, Kan. — The desire for affordable, stylish shoes is something shared by U.S. and international consumers alike, which is why Collective Brands' Payless ShoeSource unit has been able to build a successful franchise business overseas. The company announced Thurday the opening of its 100th franchise store, which is located in Cirebon, Indonesia.  The store represents the 7th store in Indonesia to date.

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