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Department Store

  • Is Abercrombie & Fitch on the comeback trail?

    It appears that Abercrombie & Fitch Co. is starting to making progress in its turnaround efforts.

    Helped by a less promotional stance and cost cuts, the teen retailer saw its profit more than double in its third quarter as it beat expectations. But similar to many other retailers, Abercrombie struck a cautious note and said it expects fourth-quarter same-store sales to be about flat.

  • Gordmans gains momentum ahead of holidays

    Gordmans Stores ended its same-store sales dry spell and successfully launched an e-commerce site in the third quarter, leaving CEO Andy Hall upbeat about the company’s prospects.

    Gordmans, operator of 102 off price department stores, said same-store sales increased 0.8% and total sales increased 4.9% to $153.9 million in the third quarter ended Oct. 31. The company also noted that gross margin improved 50 basis points to 44.4% due to reduced markdown activity.

  • Survey: Which retailer will dominate online holiday shopping?

    A familiar name factors heavily into the online holiday shopping plans of consumers.

    According to a new poll from Reuters and Ipsos, 51% of consumers plan to do most or all of their online holiday shopping at Amazon.com. This dwarfs the next-most-popular specific retailer, Walmart, favored by 16%.

    Other traditional and online retailers combined for the second-highest response of 18%. Other popular retailers with low responses include Target (3%) and Macys (2%).

  • Ross Stores joins off-price winners circle

    Ross Stores joined rival off-price retailer TJX in avoiding the weak traffic trends that have plagued other retailers in the third quarter, as shoppers continue to be attracted to value-priced merchandise.

    Ross Stores reported that earnings per share for the 13 weeks ended Oct. 31 increased 15% to 53 cents on net earnings that rose 12% to $216 million. Sales for the fiscal 2015 third quarter grew 7% to $2.783 billion, with same store sales up 3%.

  • Award-winning chefs and restaurants set to debut at International Market Place

    Waikiki, Hawaii -- Taubman announced that International Market Place located on the island of O’ahu in Waikiki, Hawaii, will welcome 10 restaurant concepts including those by world-renowned Chefs Michael Mina and Roy Yamaguchi.

  • Warm weather no excuse for weakness at Stage Stores

    After reporting a sales decline and third quarter loss, Stage Stores offered a unique explanation due the location of its 847 stores.

    The company’s sales and same store sales both declined 3.5% and a net loss of $9.4 million equated to an earnings per share loss of 29 cents, compared to a prior year earnings per share loss of 16 cents.

  • Online gaining at The Buckle

    Leading mall-based denim retailer The Buckle said its third quarter profits fell after strengthening online sales couldn’t overcome in store weakness.

    Profits at the operator of 469 stores, billed as a denim destination, declined to $35.9 million, or 74 cents a share, during the third quarter ended Oct. 31, compared to $40.6 million, or 84 cents a share, during the third quarter the prior year. The profit decline was expected as The Buckle had previously reported that same-store sales had declined 5.2% and total sales had declined 4.1% to $280.2 million.

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