Strategy

Off-price shop Stein Mart's strategy of just the right product, at just the right price, at just the right time seems to be working as the retailer reported another quarterly increase in same store sales.

Stein Mart Inc. reported rising total sales in the second quarter ended Aug. 1. Total sales for the quarter rose 4% to $311.6 million, from $298.1 million. Same store sales for the quarter rose 3%.

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The CEO of hhgregg says his company is off to a “solid start” despite first quarter numbers that clearly show otherwise.

The retailer reported that for the first quarter ended June 30, net sales decreased 6.6% to $441.1 million compared to prior year first quarter. Same store sales decreased 6.3% compared to the prior year first quarter. Revenue for the quarter came in at $441.1 million versus the consensus estimate of $445.99 million. And net loss per diluted share was $0.32 versus net loss per diluted share of $0.36 in the prior year first quarter. 

Denton, Texas – Sally Beauty Holdings is feeling the impact of its data breach.

Costs related to a data breach discovered in May 2015, as well as higher selling, general and administrative (SG&A) expenses, helped reduce profit at Sally Beauty during the third quarter of fiscal 2015. Net earnings fell 8% to $62.46 million, from $67.76 million the same period a year earlier.

Panama City -- Starbucks Coffee Company has entered its 15th Latin America market.

The coffee giant — together with Premium Restaurants of America, its long-term strategic licensing partner in Central America — has opened its first store in Panama, making it Starbucks 15th market in Latin America and 67th worldwide.

San Diego -- Petco on Thursday today announced several key changes to its leadership team.

In addition to adding chairman responsibilities to CEO Jim Myers' role, the company named Brad Weston as president.

Previously, Weston served as executive VP, chief merchandising officer and president of the company’s Unleashed by Petco unit. The retail veteran joined Petco in October 2011 and led the evolution of the Unleashed by Petco format.

North Bergen, N.J. -- Vitamin Shoppe Inc. had a tough quarter but its earnings still beat the Street.

The retailer on Wednesday reported second-quarter net income of $14.2 million, down from $16.9 million in the year-ago period, but still topping Wall Street expectations.

The company also said it plans 50 new stores in 2015.

Revenue increased 5.3% to $322.3 million in the period, short of analysts’ forecasts for $327.9 million.

Fast-growing Kriser's Natural Pet store is expanding in the Chicago area as the retailer looks to leverage what has become a $58 billion industry.

Kriser's is bringing the natural pet movement to the west suburbs of Chicago with a grand opening in Naperville on Aug. 15-16, at 8 W. Gartner Rd., in the Naperville Plaza, across from Trader Joe's. A second grand opening will take place in Northbrook on Aug. 29-30, at the new North Shore 770 mixed-use complex, at 780 Skokie Blvd. alongside the new Mariano's.