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Strategy

  • Express on a roll as Q1 profits, sales top Street

    Columbus, Ohio -- Express turned in a strong first quarter performance, with its profits and revenue surpassing Wall Street estimates. The retailer boosted its full-year earnings forecast and also issued second-quarter earnings guidance above analyst projections.

    “2015 is off to a strong start,” said David Kornberg, president and CEO. “Our customers responded with enthusiasm to our assortment while we intensified our inventory discipline and scaled back our promotional activity.”

  • Costco blames sales drop on lower gas prices

    Costco Wholesale Corp. reported its first quarterly decline in same store sales since 2009, although profit at the club store did rise.

    Same store sales declined 1% in the third quarter ended May 10, including fuel and foreign currency impacts. This was below the 0.7% growth expected by analysts. The company said sales were hurt by low gas prices and a stronger dollar that reduced the value of sales from overseas markets.

  • Fred’s beats Street on loss, misses on sales

    Memphis, Tenn. – Fred’s Inc. beat Wall Street expectations for profit despite swinging to a net loss of $29,000 in the first quarter of fiscal 2015 from net income of $6.1 million in the same period the prior year. The retailer missed on net income of $509 million, up 2% from $498.3 million.

    Higher salary and benefit costs helped move Fred’s into the red. Same-store sales climbed 0.8%.

    Jerry A. Shore, CEO, said pharmacy is a critical component of Fred’s strategy for profitability moving forward.

  • GameStop beats expectations

    Grapevine, Texas -- GameStop Corp.’s net income rose to $73.8 million in the first quarter, ended May 2, from $68 million, a year earlier.

    Global sales increased to $2.06 billion from $2.00 billion, helped by the releases of games such as "Evolve" and "Mortal Kombat X."
    Same-store sales rose 8.6%.

  • Omnichannel efforts pressure profits, boost Belk sales

    In what has become a familiar industry tale, the Belk department store chain’s investments in omnichannel drove first quarter sales growth but negatively affected profits.

  • Drug costs weigh on Fred's profit

    Higher prices for generic drugs contributed to a net loss of $29,000 for Fred's in the first quarter.

  • Target CEO Brian Cornell Talks Tech

    Brian Cornell, CEO and chairman of Target Corp., has focused on digital innovation since he took the top spot at the chain last August. He recently participated in a Q&A at the high-profile tech event, the Code Conference, in Ranchos Palos, California.  

    Here are some highlights from his conversation, as posted on Target’s very own Bullseye View blog.

  • Kate Upton helps Express sizzle in Q1

    New marketing efforts at Express appear to be resonating with customers, as the retailer posted a strong first quarter performance.

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