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Strategy

  • What’s Hurting J.C. Penney? Lack of Change and Clarity

    By Kathy Gersch, VP at Kotter International [email protected]

  • Former Groupon exec joins Social Reality board

    SANTA MONICA, Calif. — Social Reality, a developer of platforms for social and digital advertising, has elected Malcolm CasSelle to the company's board of directors.

  • eShave leases Upper East Side storefront

    New York — eShave, the Long Island City-based shaving products and services company, has leased its first Upper East Side storefront at 1025 Third Avenue between 60th and 61st Streets. The space is across the street from Bloomingdale’s.

    Winick Realty Group represented eShave in the transaction, while the landlord, Mall Properties, was represented in-house.
     

  • Foot Locker delivers solid Q2

    NEW YORK — Despite experiencing some challenges, particularly in the U.S., Foot Locker reported a comparable-store sales of 1.8% for the second quarter ended Aug. 3.

  • Dollar Tree Q2 profit up 4.6%

    Chesapeake, Va. -- Dollar Tree Inc. reported that its fiscal second-quarter earnings rose 4.6% to $124.7 million on higher customer traffic and average ticket prices. The company raised the lower end of its sales and earnings forecasts for fiscal 2013
       

  • Stein Mart comp-store sales rise

    Stein Mart is preparing to launch its e-commerce business. The company expects the initiative to have a negative bottom line impact this year, in part, because of startup costs.

    For the second quarter ended Aug. 3, however, the company is enjoying total sales of $291 million, up 3.8% from the prior-year quarter. Comparable store sales increased 6.4%. 

  • Noble Roman’s signs eight more franchise locations

    New York — Noble Roman’s, the franchisor of Nobel Roman’s Pizza and Tuscano’s Italian Style Subs, has announced signed agreements for eight more stand-alone locations, brining the total of signed locations to 29.

    To date, eight locations are open and 21 are under development.

     

  • Ross Stores has better-than-expected Q2

    PLEASANTON, Calif. — Ross Stores credited strong sales and merchandise gross margin for its better-than-expected results for the second quarter ended Aug. 3.

    The company reported earnings per share of $.98, up from $.81 for the prior-year quarter — a 21% increase on top of a 27% gain in last year's second quarter. Net earnings for the 2013 second quarter grew to $213.1 million, up 17% from $182 million in the prior year.  

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