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eCommerce

  • Bed Bath & Beyond Q3 profit climbs 28%, beats Street

    Union, N.J. -- Bed Bath & Beyond said Wednesday that profit for the quarter ended Nov. 27 rose 28% to $188.6 million, compared with $151.3 million in the year-ago period.

    Results topped analyst expectations.

    Revenue rose 11% to $2.2 billion, edging Wall Street expectations of $2.11 billion in revenue. Same-store sales increased 7%.

  • Jo-Ann Stores to be acquired for $1.6 billion

    HUDSON, Ohio - Jo-Ann Stores announced that it has entered into a definitive agreement to be acquired by an affiliate of Leonard Green & Partners, L.P., for a total price of approximately $1.6 billion, or $61 per share in cash. The offer price represents a 34% premium to the closing price of Jo-Ann’s shares on Dec. 22.

  • Oxford acquires Lilly Pulitzer

    Atlanta -- Oxford Industries has acquired Sugartown Worldwide, the owner of the upscale women's lifestyle brand Lilly Pulitzer, which sells to better specialty and department stores as well as through its stores and other direct to consumer channels.

  • Sears Canada names new CFO

    TORONTO - Sears Canada announced that it has appointed Sharon Driscoll as SVP and CFO. Driscoll has held her current position with the company as SVP finance, since November of 2008.

    Prior to joining Sears in 2008, Driscoll was employed with Loblaw Companies Limited, holding the position of SVP corporate development, and before that SVP finance national merchandising and SVP finance retail Ontario region. 

  • Finish Line Q3 profit down on lack of tax benefit

    New York City -- The Finish Line said Tuesday that its fiscal third-quarter net income fell 37% as a one-time leg up from a tax windfall last year was not repeated.

    Net income in the three months to Nov. 27 hit $4.1 million, from $6.6 million a year ago. Last year's tax benefit amounted to $6.4 million. Revenue rose 9% to $260.9 million, from $240.1 million. Same-store sales were up 4.5% from Nov. 28 through Dec. 19, compared with the same period a year ago.

    The results were better than analysts’ estimates.

  • Dillard’s to open Internet distribution center

    Maumelle, Ark. -- Dillard’s announced it will locate an Internet fulfillment center in Maumelle, Ark., to support the continuing growth of its online business. The company has signed an agreement to purchase the former Target distribution facility and will create over 300 new jobs in the Central Arkansas area.

  • Online 2010 holiday winners emerge

    Walmart, Target and Best Buy attracted record levels of customers to their websites during November, according to data released this week by the online measurement firm comScore. Retailers have come to expect a surge in traffic to their sites as the holiday approach and during November that proved to be the case and then some.

  • Walgreens profit jumps 18.8%, topping estimates

    Deerfield, Ill. -- Walgreens said Wednesday that its profit jumped 18.8% in the fiscal first quarter on a mix of better pricing and generic drug sales.

    The chain said its profit rose to $580 million, exceeding estimates. Revenue rose 6% to $17.34 billion. The company's 2011 fiscal first quarter ended Nov. 30.

    Overall same-store sale sales rose 0.8% during the quarter, with front-end same-store sales rising 0.4% and pharmacy same-store sales rising 0.9%.

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