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  • Landslide for Lands’ End

    Dodgeville, Wis. – The second quarter was nothing short of a fiscal landslide for Lands’ End as the specialty retailer posted its third straight disappointing quarter. Revenue fell 10% and profit was down by more than a third.

    “The results that we are sharing today do not represent the true potential of our company,” Federica Marchionni, president and CEO, told analysts during a conference call.

  • NRF: Overtime proposal a ‘step back’ for career-track workers

    Washington, D.C. -- The National Retail Federation continues to turn up the heat on the Labor Department’s proposal to expand overtime pay.   

  • Why Costco may be the envy of Walmart

    Despite reporting ho-hum sales for July, Costco said Thursday that its comps for the fourth quarter and fiscal year were up an impressive 6%.

  • RetailMeNot: Consumers work at Labor Day shopping

    Austin, Texas – Labor Day is supposed to be a day of rest, but consumers are planning to work at shopping for the upcoming Labor Day holiday Sept. 7.

    According to a recent RetailMeNot-Kelton survey, two in three (67%) people planning to spend money this Labor Day will spend an average of $144.

    In addition, 13% anticipate their Labor Day spend will exceed $200. While 67% of consumers do actually plan to relax at home, one in three intend to visit the mall.

  • Genesco takes the Lid off sales in Q2

    The CEO of Genesco Inc. says the company had strong sales despite the later start to the back-to-school season and some pressures to right-size inventories.

  • Meet Target's new CFO

    Target Corp. has a new finance chief and executive VP. Cathy Smith officially joined the discounter on Sept. 1, coming from Express Scripts, the nation’s largest pharmacy benefits manager, where she was also CFO.  

    A seasoned retail leader, Smith also held CFO positions at Walmart International, GameStop, and others. Target recently posted a Q&A with Smith on its Bullseye blog. Here are some highlights:

    What made you decide to take on this role at Target?

  • GameStop gets into the collectibles business

    Online retailer ThinkGeek is teaming up with GameStop on a new concept retail store focused entirely on collectibles.

    The first store will open in the Florida Mall in Orlando on Sept. 25.

  • Macy’s opens the curtain on new off-price format

    New York – Macy’s Inc. on Wednesday officially entered one of the industry’s fastest-growing store segments: off-price retail.

    The company unveiled its newest banner, Macy’s Backstage, with the opening of three New York City -area stores, with locations in Brooklyn, Queens and Melville (on Long Island).

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