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  • L Brands keeps setting sales records

    L Brands raised its profit outlook for the year after reporting record sales in the fourth quarter.

    For the fourth quarter ended Jan. 30, the company had net sales of $4.395 billion, an increase of 8% compared to $4.069 billion for the quarter ended Jan. 31, 2015. Same store sales increased 6%. Net sales for the year ended Jan. 30 were $12.154 billion, an increase of 6% compared to $11.454 billion for the year ended Jan. 31, 2015. Same store sales for the year ended Jan. 30 increased 5%.

  • Longtime Genesco president steps down

    Genesco Inc. will be on the hunt for a new leader after its longtime president stepped down Tuesday.

    The company announced that Genesco senior VP and president Ken Kocher has resigned. Kocher is expected to remain employed by the company in a consulting capacity for up to six months. The company has begun a search for Kocher's successor. In the interim, Genesco chairman, president and CEO Robert J. Dennis will act as the group's president.

  • Expansion Strategies for Today’s Risk-Averse Retailers

    While the United States continues to experience slow, yet steady economic growth, the future of the domestic retail industry remains unclear as businesses are forced to adapt to a world where consumers are more cost-conscious than ever before. Amidst this challenging climate, retailers must be smarter at understanding their customers, products and the experiences they offer.

    Revisiting Brand and Revenue Expansion Strategies

  • WP Glimcher completes sale of two non-core malls for $30 million

    Columbus, Ohio -- WP Glimcher has completed the sale of Forest Mall in Fond Du Lac, Wisconsin and Northlake Mall in Atlanta. The two non-core assets were sold to private real estate investors for $30 million.

  • Analysis: Why J.C. Penney will win with appliances

    Photo: J.C. Penney launched appliances at 22 stores in three test markets this week, including the inviting presentation shown above at a store in Tampa.

    Large appliances are back at select J.C. Penney stores after a 30 year hiatus and when – not if – the merchandising initiative is rolled out more broadly the contribution to same store sales growth could be huge.

  • dd’s Discounts up store count in Texas, Arizona

    dd’s Discounts, a division of Ross Stores, Inc. will open a 20,000-sq.-ft. store at Parkshire Center in Wilcrest, Texas on Feb. 6. The location is 14 miles southwest of downtown Houston, at the intersection of Highway 59 and Wilcrest Drive.

    The new store ups dd’s store count in Texas to 37 locations, making it the retailer’s second largest state. With the new opening, the chain will operate 175 locations in 15 states.

  • Coach to go big on Fifth Avenue

    Coach will celebrate its 75th anniversary with the opening of a three-level flagship on Fifth Avenue in Manhattan,

    The store, at the corner of Fifth Avenue and 54th Street, is due to open in the fall.

  • What General Growth’s CEO really said about Amazon’s expansion plans

    A passing reference at the end of a conference call about Amazon.com’s possible plans for physical stores by General Growth Properties' CEO has taken on a life of its own with speculation raging that the online retailer will soon open 400 stores.

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