Skip to main content

Retail

  • Dollarama looks strong in third quarter

    Canadian dollar-store operator Dollarama reported an increase in sales and an improvement in net earnings for the third quarter ended Nov. 3. The quarter was characterized by continued growth in the store network and solid comparable store sales growth.

    Sales for the quarter increased by 14.2% to $522.9 million from $458 million in the year-ago period. The increase was driven, in part, by the growth in the number of stores in the past 12 months, from 761 stores on Oct. 28, 2012 to 847 stores on Nov. 3, 2013.

  • Samsonite Company Stores to improve inventory planning with TXT

    New York -- TXT Maple Lake, an international provider of integrated and collaborative planning solutions, is pleased to announce that Samsonite Company Stores, the U.S. retail division of Samsonite, is turning to TXT technology in a bid to optimize inventory through more effective merchandise planning.
     
    Selling luggage, business cases and accessories under the Samsonite, Samsonite Black Label, and American Tourister brands, Samsonite Company Stores operates retail stores in 38 states across the U.S.  
     

  • Lux Beauty Boutique rolls out in-store payment app

    Edmonton, Alberta -- Lux Beauty Boutique is rolling out in-store mobile app SelfPay, which lets shoppers handle payment and look up product information on their own devices, enabling shopper-controlled in-store checkout from anywhere within a brick-and-mortar store. Lux Beauty Boutique will host a SelfPay launch party at its store on Dec. 6.  

  • Jos. A. Bank boosts sales in Q3

    Jos. A. Bank slightly increased its net income to $13.6 million in the third quarter of fiscal 2013 from $13.3 million in the same period a year earlier. The retailer also saw its net sales grow about 6% to $247.5 million, from $232.8 million.

    Same-store sales declined 0.1%, although direct marketing sales increased 23.5% and combined same-store and online sales increased 2.4%. Jos. A. Bank incurred $1.2 million of legal and professional expenses in connection with the company's bid to acquire The Men's Wearhouse.

  • J. Crew Q3 profit up 6.8%

    New York -- J. Crew Group Inc.'s third-quarter earnings rose 6.8% on improved sales.

    For the period ended Nov. 2, J. Crew reported a profit of $35.4 million, up from $33.2 million, a year earlier.

    Revenue increased 11% to $618.8 million. Same-store sales role 5%.

    Retail store sales grew 7.3% to $420.2 million, while direct sales climbed 21% to $189.8 million.

  • Saks Off 5th launches e-commerce site on Demandware platform

    New York -- Saks Fifth Avenue Off 5th has launched its first e-commerce site, saksoff5th.com, on the Demandware platform. The new site is a significant milestone in the company’s omni-channel strategy, which will also include mobile and tablet commerce and digital integration with stores.

  • ICSC: November sales fall short

    New York -- Sales at U.S. chain stores were up 2.1% in November, or 3% without the effects of gasoline sales, according to the International Council of Shopping Centers. The group had predicted an increase of 3.5% to 4.5%.

    “Sales were constrained by weak apparel sales this month,” said Michael P. Niemira, chief economist, ICSC. “November was a very competitive environment for retailers, and the softness in the November tally suggests some cautiousness by consumers.”

  • Conn’s doubles Q3 net income

    The Woodlands, Texas – Conn’s more than doubled its consolidated net income in the third quarter of fiscal 2014 compared to the same period in the prior year, growing to about $24.4 million from $11.8 million. Total net sales increased a healthy 51%, to $310.9 million from $206.4 million.

X
This ad will auto-close in 10 seconds