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Retail

  • Burlington Stores swings to profit, plans 25 net new stores

    Burlington, N.J. — Burlington Stores Inc. is in the black.

    The company swung to a net income of $10.9 million in the second quarter of fiscal 2015 from a net loss of $6.47 million the same quarter of last year. Decreases in stock option and interest expenses, as well as some impairment charges, helped bring Burlington to profitability.

    Net sales rose 10% to $1.14 billion from $1.04 billion, while same-store sales grew 5.6%.

  • There's a new (retail) box in town

    Retailers that stock the world’s top drugstore brands may be in for some competition from Pharmabox, which plans to install its first automated kiosk in a mall in the Miami area.

  • Bealls targets younger, active crowd with new store concept

    New York — Bealls Inc. has taken the wraps off its new store banner targeted at millennials.

    The department store retailer debuted Bunulu at Coconut Point Mall in Estero, Fla. Two additional locations at the St. Johns Town Center in Jacksonville, Fla. and The Garden Mall in Palm Beach, Fla. are due to open by the end of this year.

  • The cost-cutting continues at Chico's

    While sales at Chico’s appear to be improving, the specialty retailer's turnaround plan also includes selling off one of its divisions.

  • Foreign currency hits Guess in Q2

    New York — Guess Inc. cited the negative impact of foreign currency fluctuations on earnings and sales in a difficult second quarter of fiscal 2016. Net earnings totaled $18.3 million, a 17% decrease compared to $22 million for the second quarter of fiscal 2015.

    Total net revenue decreased 10%, from $608.6 million to $546.3 million. Same-store sales, including e-commerce, dropped 2.8% in the United States and Canada. In one bright spot, top-line e-commerce sales grew 20%.

  • In The Pink lets customers direct promotions

    Falmouth, Mass. – In The Pink wants its customers to feel connected.

    The 10-store specialty chain, exclusively selling Lily Pulitzer branded merchandise, offers a product assortment that makes customers feel a high degree of personal connection. Building on this personal relationship, In The Pink allows customers to direct promotions – in the form of 21-second online videos.

  • Candy, tobacco help lift Dollar General's sales

    Dollar General grew customer traffic and average ticket for the 30th consecutive quarter even as the company refocuses on efforts to strengthen topline growth.
  • Dollar General Q2 profit tops Street, on track to open 730 stores

    Goodlettsville, Tenn. — Dollar General posted better-than-expected earnings for the second quarter, but came up short on sales, even amid strong demand for tobacco products and other consumables.

    The discounter reiterated plans to open approximately 730 stores in 2015, and relocate or remodel 875 units. To date, the company is on track with its pipeline development to accelerate new store openings to 7% square footage growth in 2016.

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