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Strategy

  • Sales, earnings plummet at Fairway Market

    The CEO of Fairway says promotional and merchandising efforts affected traffic in the first quarter as the company posted a sharp decline in same store sales.

  • Second time the charm for Neiman Marcus?

    New York -- The nation’s premier luxury department store company wants to return to the public arena.

    Neiman Marcus Group has filed plans for an initial public offering — for the second time in two years — of $100 million (the sum is a placeholder that doesn’t necessarily reflect the final offering amount.) The company said it would trade under the ticker symbol NMG.

  • OSHA Provides Direction for Retailers on Transgender Employee Restrooms

    A federal agency recently issued important guidance on a question some retail store executives may never have considered — how to handle restroom access for transgender employees.

    In its Guide to Restroom Access for Transgender Workers, published June 1, OSHA staked out a clear position: Employees should have access to restrooms based on their inward gender identity, not on the employer’s opinion as to which restroom they should use. Earlier this year, EEOC issued similar language.

  • ‘Whole Foods for pets’ retailer expanding in Chicago

    New York -- The retailer whose customers often call it the “Whole Foods for pets” is expanding in the Chicago area as it looks to leverage what has become a $58 billion industry.

    Kriser's Natural Pet is bringing the natural pet movement to the west suburbs of Chicago with a grand opening in Naperville on Aug. 15-16. A second grand opening will take place in Northbrook on Aug. 29-30.

  • Acquisition provides FTD with Q2 boost

    Downers Grove, Ill. – FTD Companies Inc. was provided a substantial financial boost in the second quarter of fiscal 2015 as a result of its December 2014 acquisition of floral gifting company Provide Commerce. The added business helped almost quadruple net income to $17.8 million from $4.7 million in the same period the previous fiscal year.

    Consolidated revenues were $365.8 million, roughly double $168.1 million. New revenue from Provide Commerce, as well as increases in consumer and florist revenue, drove the sales growth.

  • Lumber Liquidators is hammered again

    The CEO of Lumber Liquidators Holdings Inc. pledged to get the company back on track after a flooring scandal led to another decline in revenue for the company.

  • Boot Barn keeps kicking it up

    Boot Barn says its integration of the Sheplers chain helped the company report is 23rd consecutive increase in quarterly same store sales.

  • Vitamin Shoppe profit tops Street; on track for 50 stores

    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.

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