Events

Menomonee Falls, Wis. -- Kohl’s Corp. raised its earnings guidance for the recently completed business year, citing strong sales growth in the holiday season.

The retailer reported fourth quarter same-store sales of 3.7% and updated its fiscal 2014 diluted earnings per share guidance to $4.20 – $4.22.

“We are pleased with our fourth quarter sales as we saw our base business improve and our new strategic framework, the Greatness Agenda, take hold," said Kevin Mansell, Kohl's chairman, CEO and president.

San Jose, Calif. – Tractors are a long way from Pez dispensers, but EBay is entering the equipment and industrial live online auction space. EBay and online marketplace platform provider Proxibid are partnering to make heavy equipment, industrial machinery, farm equipment, cars and trucks accessible via live auctions on the EBay marketplace using Proxbid’s software solutions and bidding technology.

Citing the cost and complexity associated the rollout of the Affordable Care Act, National Retail Federation affirmed its opposition to the health care law in a sharply worded letter to top elected officials.

Vancouver – Dennis “Chip” Wilson, founder of Lululemon Athletica inc. is stepping down from Lululemon's board of directors. Wilson, who founded Lululemon in 1998, led the company through many business cycles as he expanded it from a small storefront in Vancouver to an international brand with over 250 stores.

Mississauga, Canada - Staples Advantage Canada, the business-to-business division of Staples, is running its third annual "Messiest Office Contest," with a chance to win an office makeover. Participants can submit pictures of their organizationally challenged work environments through the Staples Advantage Canada website or Staples Advantage Canada Facebook page.  

Hundreds of retail industry power players and leaders helped the National Retail Federation raise $1.2 million for student scholarships at a gala in New York City.

New day dawning at Tuesday Morning Tuesday Morning CEO Michael Rouleau declared the company’s turnaround complete after same store sales popped 7.6% and operating profits surged 32% during the second quarter ended Dec. 31.

The operator of 800 stores reported that the same store sales increase was as a result of a 7.7% increase in customer transactions, offset by a 0.1% decrease in average ticket. Sales at the 31 stores relocated during the past 12 months increased approximately 50% and contributed 140 basis points to the comparable store sales increase of 7.6%.

Kohl’s rolled out two omnichannel campaigns in January underscoring the company’s stated focus on giving back to the community.

The company says it will award $400,000 in scholarships and prizes to more than 2,500 students who have made a positive impact on their communities. Nominations for kids ages 6 to 18 will be accepted until March 13 at kohlskids.com and in stores.