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Department Store

  • Williams-Sonoma Q1 earnings slip, raises outlook

    San Francisco -- Williams-Sonoma Inc. reported Thursday that first-quarter profit dipped to $30.7 million, from $31.6 million last year, but results topped Wall Street estimates and the retailer has raised its full-year earnings forecast.

    Sales increased 6% to $817.6 million, also surpassing analysts’ estimates of $811.7 million. Same-store sales grew 5.4% overall, driven by strength from Pottery Barn (up 9.1%) and West Elm (up 22.1%).

  • Simon: Second Premium Outlet Center will open in Canada

    Indianapolis -- Simon Property Group, along with Calloway REIT and SmartCentres, have announced plans to develop their second Premium Outlet Center in Canada. 

    The center will be located in the Town of Mirabel, Quebec, approximately 20 miles north of Montreal.  The project, called Montreal Premium Outlets, is a joint venture between Simon, Calloway and SmartCentres. Simon will own 50% of the project.

  • White House | Black Market outlet opens at Legends Outlet

    Kansas City -- The area’s first White House Black | Market Outlet boutique opened on May 24 at Legends Outlets Kansas City.

    The concept features not only collections designed specifically for the outlet boutique, but also an assortment from its full-price boutiques as well.

    The White House Black Market Outlet boutique will occupy 2,955 sq. ft. next to Saks Fifth Avenue Off 5th.

  • Sears Canada unveils refreshed concept in four Ontario stores

    Toronto -- Sears Canada said Thursday it will unveil a new, refreshed store concept in four Ontario locations, designed to illustrate the retailer’s renewed commitment to customer service and store experience.

    The four stores – in Barrie, Belleville, Newmarket and at the Lime Ridge mall in Hamilton – will open on May 25, and will the first step to the company’s plans to transform the Sears shopping experience in Canada, said Sears.

  • Red Mango makes state debut at Galleria at Fort Lauderdale

    Fort Lauderdale, Fla. -- Yogurt purveyor Red Mango said it will open its first Florida mall location at The Galleria at Fort Lauderdale.

    The new location will be near Dillard’s on the upper Palm Court level. The Broward County mall is anchored by Neiman Marcus, Macy’s and Dillard’s.

  • Sears wants your opinion ... for charity

    HOFFMAN ESTATES, Ill. — Sears is encouraging customer feedback for the products it sells by offering shoppers the chance to vote for their favorite participating charity every time they post a product review. Through its "Love/Hate: Share Your Thoughts, Send Some Love" project, Sears is offering customers the chance to share their opinion -- good or bad -- on products and in return vote for one of four charities to receive a grand prize of $100,000. The participating charities competing for the grand prize  include the American Cancer Society, St.

  • Hhgregg Q4 profit surges on insurance payout

    Indianapolis -- Hhgregg Inc.'s fiscal fourth-quarter earnings jumped as the chain collected $39.6 million in life insurance proceeds due to the death of executive chairman and former CEO Jerry W. Throgmartin.

    Throgmartin, who died Jan. 22 at age 57, served as chairman and CEO of Hhgregg from 2003 to 2009 and led it through a 2007 initial public offering of stock. Hhgregg said Wednesday it collected the proceeds from a "key man" life insurance policy.

  • Payless puts best comps foot forward in Q1

    TOPEKA, Kan. — Net sales at Collective Brands during the first quarter increased 5% to $912.1 million over the same period last year, driven in part by an 8.1% increase in comparable-store sales. The company reported net income of $33.2 million, or 54 cents per share, compared with $26.4 million, or 42 cents per share, in the first quarter of 2011.

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