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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.

old navy

Gap not spinning off Old Navy; exec departs

Gap Inc. will remain whole.

mens wearhouse

Tailored Brands sells rights to Joseph Abboud; designer to exit

Tailored Brands is selling the Joseph Abboud trademarks to a brand acquisition firm for $115 million. 

payless

Payless ShoeSource has emerged from bankruptcy protection with a plan to expand its global operations.

Bose store

High-end audio equipment maker Bose plans to dramatically reduce its brick-and-mortar footprint.

Target Times Square

Target Corp. surprised analysts by reporting sluggish holiday sales that missed the chain’s estimates.

sears

The current and former owner of Sears have settled a lawsuit that has been dragging on for months.

department store

Another dismal year for U.S. department stores will accelerate change in 2020.

Christmas presents

​​​​​​​Holiday sales for key general merchandise categories were disappointing despite a strong last-minute push.

gamestop

The holiday season brought no cheer to GameStop.

Build-A-Bear Workshop

Build-A-Bear Workshop had plenty to cheer about on Tuesday.

At Home storefront

At Home expects to end its fiscal year on a high note.

Five Below

New store openings will remain a priority for Five Below this year. 

The economy is positioned for steady growth this year.

casper exterior

The online startup that pioneered the mattress-in-a-box concept and helped reenergize the entire mattress category has filed for an initial public offering.

ny & co

RTW Retailwinds, whose portfolio includes the New York & Company and Fashion to Figure businesses, is taking action after a disappointing holiday season.

Bed Bath & Beyond

Bed Bath & Beyond said it will reveal its strategic plan in early 2020 as it swung to a third-quarter loss with sales and earnings that missed Street expectations.

Victoria’s Secret

L Brands’ sales fell in the crucial holiday shopping season amid the ongoing decline of its signature Victoria’s Secret brand.

Macy’s Atlanta

Online sales and last-minute demand for gift items helped Macy’s Inc. turn in a holiday performance that was better than analysts were expecting.

macy's

Macy’s Inc.’s November and December comparable sales fell by 0.7% on an owned basis and by 0.6% on an owned plus licensed basis.

Pier 1 storefront

Pier 1 Imports is significantly reducing the size of its store portfolio and corporate headcount as it seeks to cut costs and turnaround its ailing operations.

Bed Bath & Beyond

Bed Bath & Beyond Inc. has entered into an agreement to sell approximately half its real estate as it looks to generate capital. 

saks

The battle to take Hudson’s Bay, whose banners include Saks Fifth Avenue, is apparently over.

jjill

J. Jill is optimistic about how it will end its fiscal year. 

Avon Products

Natura &Co is set to close its acquisition of Avon Products on Jan. 3, and has appointed a new senior team to drive the company’s growth.

target shopper getting help from employee

There is no doubt that Target’s holiday revenue has missed the mark.

Urban Outfitters’ total holiday sales rose, fueled by strong growth at Free People. But its namesake division turned in a disappointing performance,

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