Strategy

The chief executive at Tuesday Morning says the company efforts to rehabilitate sales growth are working, as the company posted an increase in same store sales.

The Texas-based retailer of closeout home furnishings said net sales in the fourth quarter ended June 30 increased 0.2% to $213 from $212.6 million, impacted by the net closure of 41 stores in the current fiscal year. Same store sales increased 3.6%.

Toronto, Canada — Lowe's Canada has named Jeff Boyd as VP, real estate, construction and store design effective immediately. Boyd joined Lowe's in October 2007 and has played an instrumental role in the development of the company's Real Estate and Construction function in Canada over the past seven and a half years.  

It is a case of better late than never at value priced department store retailer Gordmans Stores where the company has the distinction of being one of the last major retailers to sell merchandise on the Internet.

Omaha, NE-based Gordmans has grown to 101 stores in 22 states and in the company’s second quarter it achieved the somewhat belated milestone of selling online.

Seattle – Texas is known for its wide open spaces, and Amazon.com Inc. is slowly filling them in with distribution centers. Amazon plans to open a fifth Texas fulfillment center in San Marcos.

Amazon employees at the 855,000 sq.-ft. San Marcos fulfillment center will pick, pack, and ship smaller customer items, such as books, electronics and toys.

This summer marks the 40th anniversary of “Jaws,” the landmark movie that turned summertime into a season of blockbuster films, made Steven Spielberg a household name and still causes many people to think twice before taking a dip in the ocean.

In honor of the enduring legacy of Capt. Quint, Chief Brody, Hooper and of course Bruce the shark, here are three lessons “Jaws” offers retail analytics professionals.

Dallas — Tuesday Morning reduced net loss to $4.2 million in the fourth quarter of fiscal 2015 from $7.4 million in the same period a year earlier. Reduced selling, general and administrative (SG&A) expenses helped the retailer cut its loss.

Net sales increased 0.2% to $213 from $212.6 million, impacted by the net closure of 41 stores in the current fiscal year. Same-store sales increased 3.6%, with negative impact from a reduced clearance program.

Foot Locker Inc. continues to cash in on the trend toward wearing fashionable active apparel, as the company reported impressive sales and earnings growth in its latest quarter.

For the second quarter ended Aug. 1, the retailer posted net income of $119 million, or 84 cents per share, compared with net income of $92 million, or 63 cents per share, last year, a 33% increase. Same store sales increased 9.6%. Total sales increased 3.3%, to $1,695 million this year, compared with sales of $1,641 million for the corresponding prior-year period.  

Dublin, Calif. — Ross Stores Inc. surpassed Wall Street expectations for profit and revenue in a successful second quarter of fiscal 2015. Net earnings rose 8% to $259 million from $240 million the same quarter the prior fiscal year.

Sales rose 9% to $2.97 billion from $2.73 billion, with same-store sales up 4%