Corporate Governance

Home furnishings retailer Kirkland's says its soaring digital sales are proof of the success of its omnichannel transformation, and the retailer plans to grow e-commerce even more in 2016.

Growth at Citi Trends Inc. seems to be slowing, as the retailer reported a drop in comps and profit in the fourth quarter.

Sales at teen retailer The Buckle slowed down over the holiday quarter, as a steep decline in comps negatively affected revenue.

Smart & Final’s value oriented brand of food retailing is resonating with shoppers and that has the company eyeing roughly 40 new stores in 2016.

Specialty retailer Genesco surpassed a significant sales milestone last year, but the operator of nearly 2,700 stores faced some self-imposed profitability challenges as it posit

Dollar General reported record sales and profits last year and plans to extend the streak in 2016 with 900 stores and an even greater number in subsequent years, according to the company’s new financial targets.

In 2015, Dollar General opened 730 new stores and remodeled or relocated 881 stores which combined with a 2.8% same store sales increase allowed it to grow total sales 7.7% to $20.4 billion. The company ended its fiscal year on Jan. 29, with 12,483 stores.

The CEO of Toys"R"Us says increases in same store sales and profit show that the company is on the right path toward strategic growth.

For the fourth quarter ended Jan. 30, the company earned $276 million, up from $265 million a year earlier. Revenue fell 2.6% to $4.9 billion. Same store sales increased 2.3%.

The company formerly known as Men’s Wearhouse plans to significantly reduce its physical presence this year by closing 250 stores, including more than 20% of the Jos. A. Bank stores acquired in 2014.

The major reduction is selling space by the company which changed its name to Tailored Brands earlier this year was announced in conjunction with the release of weak fourth quarter results that were in line with previously released results, which showed Jos. A. Bank stores had 32% decline in same-store sales.

Whole Foods Market and online delivery service Instacart have big plans to make it easier for consumers nationwide to receive home deliveries from the nation’s leading retailer of natural and organic products.
 

Fourth quarter profits at Stein Mart were cut in half as the company relied on heavy promotional activity to clear inventory and eke out a 1% same-store sales increase.