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FINANCE

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.

DSW shopper

DSW parent Q3 earnings miss; slashes outlook

Designer Brands Inc. the owner of DSW and other footwear banners, reported third-quarter profit that missed expectations and cut its guidance. 

Ann Taylor

Ann Taylor Q1 profit rises; Dressbarn wind-down on track

Ascena Retail Group’s profit rose in its first quarter as the retailer said it is encouraged by “winds” in the business.

grocery shopper

The U.S. tariffs imposed on China have already cost the average American household $600 per year.

GameStop Corp. got no relief in its third quarter with sales and earnings that fell well short of analysts’ expectations. Same-store sales plunged 23.2%.

ulta

Ulta Beauty reported better-than-expected earnings for its third quarter even as its sales fell short of estimates amid ongoing weakness in a core category.

Big Lots

Big Lots beat analysts’ expectations in its third-quarter and sounded an optimistic note about the coming year.

New York & Co

RTW Retailwinds is closing some stores as it continues to “actively evaluate” its store portfolio.

Dollar General storefront

Dollar General Corp. on Thursday reported its best quarterly same-store sales rise in nearly five years along with increases on both its top and bottom lines.

michaels

The Michaels Companies reported third-quarter earnings and sales that fell below analysts’ estimates and lowered its guidance for the fourth quarter and full year.

Kroger customer

The Kroger Co. is divesting the natural and organic food chain that it has helped grow during the past two years.

express exterior

Express managed to beat Street estimates for its top and bottom line as the company continues its turnaround efforts.

Global retail markets will deliver mixed results in 2020. That’s according to a new report from The Economist Intelligence Unit, which found that in volume terms, sales growth will slow in 2020 compared with 2019, but in U.S.

destination maternity storefront

A brand acquisition and licensing firm has made an offer to buy the brand name, online business and other intellectual assets of Destination Maternity for approximately $50 million.  The bankrupt retailer announced it has made a motion to approve the selection of Marquee Brands  as the

J.Crew Group is proceeding with its plan to spin-off its fast-growing denim brand as a public company.

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