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Department Store

  • Discounters show positive movement in January

    New York City -- Costco Wholesale Corp. reported a January same-store sales increase of 9%, topping Wall Street expectations and leading the performances of the discount retail category.

    Analysts polled by Thomson Reuters expected a smaller same-store sales increase of 6.1%.

    Target Corp. didn’t show the same strength, missing expectations because of strong winter storms during the month. Same-store sales edged up 1.7% for the month, missing the 1.9% increase predicted by Wall Street.

  • Sears unveils new plus-size fashion line

    HOFFMAN ESTATES, Ill.  -- Sears announced that it has launched Beverly Drive, a new plus-size women's fashion line. Making its debut this month, the line will be available at Sears stores nationwide, as well as online at www.Sears.com.

  • JCPenney disappoints, Dillard’s shines in January

    NEW YORK --Dillard’s was the clear winner in the department store category in January, posting a same-store sales increase of 6%, which edged results from both Macy’s and Saks.

    JCPenney was the big disappointment, as same-store sales dropped an unexpected 1.2%. A survey of analysts by Thomson Reuters produced a consensus estimate of same-store sales up 1.8%.

    The retailer said January sales were impacted by lower levels of clearance inventory as well as by adverse weather conditions.

  • Retailers report solid January sales despite winter deluge

    New York City -- Many retailers surprised with solid January revenue reporting on Thursday, despite snowstorms that raged across the country during the month.

    The reports, many of which surpassed Wall Street expectations, offer encouragement that strength in consumer spending is continuing after a merry holiday season.
     
    Costco Wholesale Corp, Victoria's Secret parent Limited Brands and teen retailer Wet Seal were among those that beat analyst expectations. Target, however, lagged, behind.

  • OfficeMax introduces new DiVOGA desk line

    NAPERVILLE, Ill.  — OfficeMax announced the launch of DiVOGA desk products and accessories featuring the limited edition Catherine collection. According to the company, the line features a contemporary take on the traditional brocade patterns dating back to eighteenth century Europe. 

    DiVOGA Catherine is available for purchase at OfficeMax stores nationwide and other select retail partners of OfficeMax starting February 2011.

  • JCPenney disappoints, Dillard’s shines in January

    NEW YORK -- Dillard’s was the clear winner in the department store category in January, posting a same-store sales increase of 6%, which edged results from both Macy’s and Saks.

    JCPenney was the big disappointment, as same-store sales dropped an unexpected 1.2%. A survey of analysts by Thomson Reuters produced a consensus estimate of same-store sales up 1.8%.

    The retailer said January sales were impacted by lower levels of clearance inventory as well as by adverse weather conditions.

  • January sales adds more uncertainty to Walmart’s Q4

    Retail sales during January offered a mix bag of results and made it rather tricky to determine how much results were influenced by harsh winter weather, gift card redemption rates, a still shaky economic recovery and individual company strategies.

  • J.C. Penney disappoints, Dillard’s shines in January

    New York City -- Dillard’s was the clear winner in the department store category in January, posting a same-store sales increase of 6%, which edged results from both Macy’s and Saks.

    J.C. Penney Co. was the big disappointment, as same-store sales dropped an unexpected 1.2%. A survey of analysts by Thomson Reuters produced a consensus estimate of same-store sales up 1.8%.

    The retailer said January sales were impacted by lower levels of clearance inventory as well as by adverse weather conditions.

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