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  • Costco prevails during holidays

    Costco’s profit fell short of analysts’ estimates at the mid-point in its fiscal year, but business trends were solid in the company’s second quarter with a 4% same store sales increase at U.S. locations.

    The company said its total revenues for the period ended Feb. 14, which included the holidays, increased 2.6% to $28.2 billion. Merchandise and service sales increased 2.6% to $27.9 billion and membership fees increased 3.6% to $603 million.

  • Exclusive Content: Retail Gateways

    While the phrase gateway markets can be a little bit nebulous – and different people have different ideas about the exact list of cities that qualify – the term is well understood to refer to large mature cities with a track record of population growth, great demographics and a strong and diverse economic foundation.

  • Stage Stores to close 30 units after weak Q4

    Warm weather was a problem for most retailers in the fourth quarter, but Houston-based Stage Stores also got hit by weakness in the energy sector and the Mexican Peso.

  • Fast-fashion powerhouse opens SoHo flagship with a green tint

    Zara has opened an eco-friendly flagship in the heart of Manhattan’s SoHo neighborhood. It is the Spanish retailer’s eight location in Manhattan.

  • eBags rolls out new executives

    Online specialty luggage retailer eBags Inc. has restructured its senior leadership ranks with several new hires and the promotion of long-time executives.

    Scott Erdman has been named chief merchandising officer and Krista Paul is joining as VP of content innovation. eBags also appointed Mike Frazzini CTO and Chris Seahorn VP of marketing.

  • Abercrombie turnaround continues with 30% jump in Q4 profit

    Abercrombie & Fitch's efforts to attract more shoppers with a better store experience and updated merchandise mix are paying off as the retailer reported an unexpected increase in same-store sales and a 30% increase in profit for the fourth quarter.

    Abercrombie said overall same-store sales rose 1% in the quarter ended Jan. 30, the first gain in the metric since the third quarter 2012. Analysts on average were expecting a decline of 0.10%. The gain in same-store sales was driven by a 4% increase in the Hollister division.

  • Weather boosts sales at Big 5 Sporting Goods

    Cold winter weather in the Western states helped Big 5 Sporting Goods post an increase in same-store sales and profit in the fourth quarter.

    For the fourth quarter ended Jan. 3, the retailer said net sales increased to $275 million from net sales of $250.3 million for the fourth quarter of fiscal 2014. Same-store sales increased 0.1% for the fourth quarter of fiscal 2015 and 1.4% for the full year.

  • Off-pricer to make Memphis debut in 2017

    Nordstrom Rack is coming to Memphis.

    The off-price retailer plans to open a 33,000-sq.-ft. store at Poplar Commons in Memphis, in the fall of 2017. The store is leased from Seritage Growth Properties who is replacing an existing Sears building with a 135,000-sq.-ft. shopping center.

    “We're excited to bring our first Nordstrom Rack to Memphis and can't wait to open our doors in 2017," said Geevy Thomas, president of Nordstrom Rack.

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