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Strategy

  • 99 Cents Only Stores posts Q3 loss

    City of Commerce, Calif. - 99 Cents Only Stores reported a loss loss and a decline in same store sales in the third quarter.   The company reported a loss of $3.8 million in the third quarter, ended Oct. 31, compared to income of $1 million in the prior year quarter.   Net sales increased by 5.0% to $478.3 million.  Same store sales decreased 0.7% compared with the prior year quarter.   

  • McKenna joins Foran to drive Walmart’s U.S. growth

    The globalization of Walmart’s domestic operations continued this week with the appointment of Judith McKenna to the role of chief operating office for Walmart U.S.

  • Lowe’s strategic priorities included expanded focus on omnichannel

    by Gina Acosta   Mooresville, N.C. - Lowe’s Companies’ CEO Robert Niblock cited the recovering U.S. economy as among the reasons why the company plans to focus more on market differentiation and omnichannel retailing. The company said it will outline these and other strategic priorities in a meeting with investors on Dec. 11 in North Carolina.  

  • Jos. A. Bank weighs on Men's Warehouse profits

    The acquisition of Jos. A. Bank in June weighed heavily on Men’s Warehouse in the third quarter, as the company reported a profit decline of 82% due to expenses related to the integration of the rival clothier’s operations.

  • Stirling Properties Development team director

    Covington, Louisiana - Stirling Properties has named Michael Bucher as Development Director, charged with leading new and on-going development projects, including ground-up development, redevelopment and joint ventures.     Based in the Covington office, Bucher will plan, coordinate and direct personnel relating to development and redevelopment.   

  • Lululemon Q3 earnings fall on costs; raises concerns for fourth quarter

      Vancouver, Canada – Net earnings at Lululemon Athletica Inc. fell 8% to $60.45 million in the third quarter of fiscal 2014 from $66.11 million a year earlier to increases in selling, general and administrative (SG&A) expenses and cost of goods sold.    Net revenue fared better, rising 10% to $419.4 million from $379.9 million. Same-store sales fell 3% but total comparable sales, including direct-to-consumer revenue, climbed 3%.

  • Wet Seal considers bankruptcy as Q3 loss widens; closing 60 stores as leases expire

    Foothill Ranch, Calif. -  The troubles keep mounting for teen retailer Wet Seal Inc., which reported a wider loss for the third quarter amid lower revenues and fees related to its exit from its former Arden B business.  The retailer posted a loss of $35.9 million in the quarter emded Nov.1, up from a loss of $12.5  million the previous fiscal year.    

  • McKinsey veteran to join Kroger board

    Kroger announced that Nora A. Aufreter has been elected to the company's board of directors.

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