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Mixed bag for Penney: Sales fall, but profit tops forecasts
J.C. Penney continued a pattern set by Macy’s, Kohl’s and Nordstrom and reported dismal first quarter sales as traffic declined. Penney’s sales for the quarter fell to 1.6% to $2.81 billion, below analysts’ forecasts of $2.92 billion, from $2.86 billion in the year-ago quarter, as traffic declined and cool weather dampened demand for apparel. Same-store sales slipped 0.4%. -
Specialty retailer orders better merchandising management
Canadian footwear and accessory retailer The Aldo Group is not ignoring the back end when it comes to supporting seamless commerce. Aldo is deploying the CGS BlueCherry B2B e-commerce solution to enable its buyers to select assortments and receive confirmed orders virtually anywhere and anytime. With more than 2,500 points of sale and nearly 2,000 retail stores across the globe, Aldo is always trying to better engage its large network of wholesale and franchisee retail buyers.