Neiman Marcus posted declines in revenue and same-store sales on the same day that the company losta 25-year veteran who had been responsible for in-store visual design.
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Drama at the mall, Aeropostale explores options
A review of strategic alternatives is underway at mall-based specialty retailer Aeropostale following the deterioration of fourth quarter results and a supply chain disruption caused by a supplier dispute.
Sale declined 16.1% to $498 million and same-store sales, including e-commerce, declined 6.7%. Profits declined to $21.7 million, or 27 cents a share, compared to a prior year fourth quarter loss of $13.5 million, 17 cents a share.
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This retailer thinks 2016 could be a difficult year
Cato Corp., just delivered its highest earnings in company history and sales topped $1 billion, but chairman, president and CEO John Cato said the road ahead could be rocky.
Cato, operator of 1,372 stores in 32 states, said its fourth quarter sales increased 4% to $247.3 million and same-store sales increased 1%. Full year sales increased 2.4% to slightly exceed $1 billion, but the addition of 31 new stores was the primary driver of full year growth as same-store sales were flat.
