FINANCE

Retailers invited to join CSA for Retail’s Top Women Awards virtual celebration
Retailers are invited to join Chain Store Age as it honors some of the industry’s most accomplished female executives at its Retail’s Top Women Awards virtual event on June 21, from 4:30 – 6:30 p.m. EDT.
Costco marks another drop in e-commerce sales; membership renewal remains strong
Costco Wholesale Corp. reported third-quarter results that missed expectations as consumer spending on bulk items remained slow.

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Ulta off to ‘positive start,’ raises full-year outlook
Ulta Beauty reported a solid quarter even as beauty sales begin to moderate from the highs of the past two years.
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Big Lots to suspend dividend to bolster liquidity on heels of big loss
Big Lots reported a much wider-than-expected first-quarter loss as sales declined 18% and its customers dealt with inflation, lower tax refunds and higher interest rates.
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Gap narrows Q1 loss amid cost cutting as sales decline; still looking for a CEO
Gap Inc. put a big dent in its net loss from a year ago even as sales fell across its four brands.
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Study: Generative AI will have $9 trillion impact on retail
The numbers are in, and generative artificial intelligence (AI) is poised to have a major impact on retail.
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Dollar Tree slashes profit outlook amid elevated shrink, ‘unfavorable’ sales mix
Dollar Tree reported a mixed quarter with sales that topped Street estimates and earnings that fell short amid elevated shrink and a shift in consumer buying to consumables.
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Von Maur to open first location in North Dakota, at Fargo’s West Acres Mall
Von Maur continues to expand its national footprint.
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Best Buy earnings tops Street but sales fall short; consumers feeling ‘cautious’
Best Buy reported first-quarter profit that beat expectations and reaffirmed its full-year outlook even as its sales fell short.
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QVC, HSN parent Qurate Retail sells Zulily
Digitally native specialty retailer Zulily has a new owner.
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American Eagle Outfitters lowers forecast amid ‘ongoing macro challenges’
American Eagle Outfitters reported first-quarter income and revenue in line with Street estimates but slashed its full-year forecast.
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Brand assets of Tuesday Morning up for sale
The Tuesday Morning saga is entering a new chapter.
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Express, WHP complete Bonobos acquisition; Express Q1 loss widens, sales tumble
Express Inc. reported a disappointing first quarter with a wider-than-expected loss and weaker-than-expected sales as it disclosed more cost cutting.
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FTD creates new global floral/gifting platform with merger
Two leading floral and gifting companies have completed a merger.

Coverage and analysis on finance news, including quarterly results, general retail sales and bankruptcy filings, for the retail channel brought to you by Chain Store Age.