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Strategy

  • NRF calls NLRB ruling a ‘roadblock’ to job creation

    Washington — The National Retail Federation wasted no time responding to a ruling by the National Labor Relations board concerning the redefinition of the concept of joint employees.

    NRF and other business groups are concerned that the redefinition  could be used to make large businesses and franchisors responsible for the actions of subcontractors or local franchisees even when they do not exercise direct control over those companies’ employees.

  • J. Crew swings to loss

    New York — It was tough sledding for J. Crew Group in the second quarter as its namesake brand continued to decline.   The retailer swung to a net loss of $13.6 million for the quarter, ended Aug. 1,  compared with earnings of $10.8 million in the year-ago period.    Revenue fell 5% to $593.6 million.  

  • Dollar General Q2 profit tops Street, on track to open 730 stores

    Goodlettsville, Tenn. — Dollar General posted better-than-expected earnings for the second quarter, but came up short on sales, even amid strong demand for tobacco products and other consumables.

    The discounter reiterated plans to open approximately 730 stores in 2015, and relocate or remodel 875 units. To date, the company is on track with its pipeline development to accelerate new store openings to 7% square footage growth in 2016.

  • Candy, tobacco help lift Dollar General's sales

    Dollar General grew customer traffic and average ticket for the 30th consecutive quarter even as the company refocuses on efforts to strengthen topline growth.

  • Destination XL sees more opportunity for expansion

    Canton, Mass. — Specialty men’s retailer Destination XL Inc. reported Thursday that it shrank its net loss in the second quarter.

    The company also raised its potential store count from 250 to 400. As a result, the retailer expects to open 30 to 40 DXL stores per year through fiscal 2020.

    During fiscal 2015, Destination XL plans to open approximately 30 DXL retail and eight DXL outlet stores and close approximately 41 Casual Male XL and three Rochester clothing stores.

  • West Elm branches out into pop-ups

    In a first, West Elm, a Williams-Sonoma subsidiary, will make its products available outside of the brand’s own stores and website.

  • Tilly’s misses Street in Q2

    Irvine, Calif. — Tilly’s Inc. missed Wall Street expectations by falling profit and increasing revenue in a mixed second quarter of fiscal 2015. Net income fell 54%, from $1.3 million to $600,000, with a tax settlement hindering profitability.

    Total net sales fared better, rising 6%, from $123 million to $130 million. Same-store sales — including e-commerce — climbed 0.5%.

    Despite missing Wall Street forecasts and declining profit, President and CEO Daniel Griesmer said he was pleased with results for the quarter.

  • GameStop a winner in Q2

    Grapevine, Texas – GameStop Corp. on Thursday posted a strong second quarter, with profit and revenue that topped analysts’ estimates.

    The retailer’s net income rose 3% to $25.3 million from $24.6 million.

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