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Department Store

  • Two high-profile Walmart acquisitions will find a home on jet.com

    A discount giant is using its newest acquisitions to connect with its millennial shoppers.   During an earnings call, Walmart revealed that it’s trendy, upscale Bonobos or ModCloth brands will soon be sold via jet.com. This move highlights how Walmart plans to leverage its Jet division to target the millennial shopper, according to Business Insider.  

  • Dick’s Sporting Goods to open at another CBL property

    CBL is getting ready to open its 28th Dick’s Sporting Goods store, this one at Richland Mall in Waco, Texas.   “This new store will drive significant traffic to the center and illustrates our ongoing commitment to enhancing the tenant mix at the property,” said CBL CEO Stephen Lebovitz.   Other new arrivals at Richland include H&M, PINK, and White Barn. Bath & Body Works and Victoria’s Secret recently completed remodels. Dick’s is set to open in spring 2018.

  • Gap strong in Q2, raises outlook

    Gap Inc. beat the Street in its second quarter with both bottom and top line gains, boosted by its Old Navy division and fewer discounts.    The apparel retailer earned $271 million net income, or 68 cents per share, in the quarter that ended July 29. That's up from $125 million, or 31 cents per share, a year ago.   

  • Ross Stores tops sales, earnings estimates; raises guidance

    Shoppers just can't stay away from off-price stores.   Ross Stores' earned $317 million, or 82 cents a share, in the quarter ended July 29, up 15% from $282 million, or 71 cents a share, in the year-ago period. Analysts had expected earnings of $0.76 per share.   Sales rose 8% to $3.43 billion. Same-store sales increased 4%.  

  • Target unveils three new brands

    Target Corp. is giving shoppers an early look at three new private brands that will debut in its stores starting in late August.    The retailer has posted details about the brands, along with photos from their look books, on its website. The three new collections are part of 12 private-label brands Target plans to launch during the next 18 months.    Here is a look at the three brands:

    A New Day

  • Value-apparel retailer posts Q2 loss; pulls back on expansion

    The Cato Corp. swung to a loss in the second quarter amid continuing negative sales trends.    The apparel retailer reported a net loss of $0.9 million, or a loss of $0.03 per diluted share, for the quarter ended July 29, compared to net income of $15.9 million, or $.57 per diluted share, for the year ago period.   Sales for the second quarter fell 13% to $205.0 million, down from $236.7 million last year. Same-store sales plunged 14%.   

  • Saks Fifth Avenue to roll out new salon concept — with augmented reality

    Saks Fifth Avenue is debuting a new salon concept with a futuristic edge.   

  • The five most loved brands are....

    A social media giant and an online retail giant are the most loved brands in the world.    Facebook took the top spot, followed by Amazon, in NetBase's third annual "Top 100 Global Brand Love List." Rounding out the top five were eBay, Apple, and Snap.   
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