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  • Lowe's goes high with growth in 2015

    Lowe's rode the same wave of recovery in the housing market as its rival Home Depot in the fourth quarter, topping its own expectations with substantial gains.

  • Macy's expanding beauty, discount chains

    Macy’s says cold weather in January helped the retailer report a better than expected decrease in same store sales for the fourth quarter even as the company explores an expansion of its off-price and beauty formats.

    For the period ended Jan. 30, same store sales fell 4.3%, slightly less than the 4.7% fall it had estimated. Total sales declined to $8.87 billion.

  • Macy’s closes books on ‘challenging’ 2015; will expand beauty, off-price chains

    Cold weather in January helped Macy’s report a decline in same-store sales for the fourth quarter that was less than analysts had expected. In other news, the chain announced plans to expand its off-price and specialty beauty formats.

    For the period ended Jan. 30, Macy's net income fell 31% to $543 million, dragged down by store closings and other costs.

    Adjusted profits were $2.09 per share, better than the $1.86 per share estimate from analysts, according to Zacks Investment Research,

  • Sales, profit drop at Dillard's in Q4

    Dillard’s says sales were particularly weak in the Southern states as the department store retailer reported a 35.6% drop in fourth quarter profit.

    For the period ended Jan. 30, Dillard's had revenue of $2.07 billion for the fourth quarter, down from $2.1 billion during the same period a year ago. Net income was $130.5 million, or $3.17 per share, for the prior year fourth quarter. Same-store sales declined 2%. Net sales for the fourth quarter were $2.074 billion.

  • Most Americans not spending refunds

    Retailers used to be able to count on Americans spending every penny of their tax refund, but that’s not the case anymore according to new research from the National Retail Federation.

  • Cabela's posts stronger than expected profit, revenue

    The CEO of Cabela’s, Tommy Millner, said warm winter weather hampered same-store sales in the fourth quarter, but he did not provide details about any potential sale of the company.

  • Walmart delivers uneven growth amid ongoing profit pressures

    Photo: Doug McMillon, president and CEO, Wal-Mart Stores, Inc.

  • Ollie’s owners ready to reduce interest in outlet chain

    The majority owner of Ollie’s Bargain Outlet is looking to reduce its stake in the company following a holiday season sales performance CEO Mark Butler characterized as thrilling.

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