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Retail

  • Analyst: Coach turnaround in full swing

    Coach ends its fiscal with a set of strong results that signify the turnaround program is making excellent progress. Although sales shrunk in both North America and Europe, this is because this quarter was a week shorter than the same period last year. When this is stripped out, total Coach brand sales rose by 5%, or by 7% on a constant currency basis.  
  • Walmart CEO: Trump missed ‘critical opportunity’ to unite country

    The CEO of the nation's largest private employer has criticized the administration’s response to the violent protests in Charlottesville, Virginia.    In a note to Walmart employees posted on the company's website, CEO Doug McMillon said that President Trump "missed a critical opportunity" in his initial reaction to the "tragic events" that occurred in Charlottesville, Va. But he called Trump's follow-up remarks on Monday "a step in the right direction."  
  • Retail sales rebound in July to a yearly high

    Shoppers turned out in force in July, driving retail sales to their largest gain since December 2016.   Retail sales in July increased by 0.6% June on a seasonally adjusted basis, triple the revised 0.2% growth seen in June, according to the National Retail Federation. Sales have increased by 3.5% year-over-year. (The NRF numbers exclude automobiles, gasoline stations and restaurants.)  
  • Analyst: Home Depot's Q2 performance ‘very impressive’

    After a solid first quarter, Home Depot has posted an even stronger set of second quarter figures. Total sales rose by 6.2% with underlying comparables up by 6.3% overall and by 6.6% in North America. Given the long run of big uplifts in same-store numbers, this is a very impressive performance.  
  • Coach Q4 profit surges 86%

    Coach beat the Street on earnings in the fourth quarter even as its sales declined as the company continued to pullback on shipments to department stores.    Net income nearly doubled to $151.7 million, or 53 cents per share, in the quarter ended July 1, amid a 16% decline in selling and general expenses, compared to net income in year-ago period of $82 million. Earnings, adjusted for non-recurring gains, came to 50 cents per share. Analysts had estimated earnings of 49 cents per share.  
  • Amazon shortens delivery time again — this time to minutes

    Online giant Amazon continues to shorten delivery time with a new service that puts goods in shoppers’ hands within minutes of placing their order.  
  • First Look: Sarah Jessica Parker's new store in Las Vegas

    Actress and fashion entrepreneur Sarah Jessica Parker is betting on Las Vegas.   Parker, who gained global fame as the star of "Sex and the City," has opened her fledgling retail brand's second freestanding location, at Bellagio Resort & Casino in Las Vegas. The store, SJP by Sarah Jessica Parker, offers the label's full collection of shoes, handbags and accessories in a stylish, upscale environment. It is located in Bellagio's Promenade retail corridor.   
  • Supermarket space declines in Chicago

    Grocery is one of the fastest-growing segments of retail — just not in Chicago.   Over the past two years, 25 supermarket shut their doors in Chicagoland. Sixteen new ones opened, but they were smaller than the ones that closed, making for what Mid-America Real Estate calls an “alarming” loss of 544,512 sq. ft. of inventory.  
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