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Justice still a struggle for Ascena Retail Group
Justice continues to be a drain on the Ascena Retail Group, as the company reported a drop in same store sales for the second quarter.
The operator of Justice, as well as stores under the Lane Bryant, Cacique, Maurices, Dressbarn, and Catherines brands, said combined same store sales declined 2% during its second quarter of fiscal 2015 ended Jan. 25 due to sluggish sales at Justice.
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Best Buy Q4 profit tops view, revenue misses; boosts dividend
Minneapolis – Strong sales of high-margin consumer electronics and TVs during the holiday season, as well as declining expenses, helped Best Buy Inc. beat Wall Street expectations for profit in the fourth quarter of fiscal 2015. The retailer on Tuesday reported that net income surged 77% to $519 million from $293 million in the year ago period.

