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Specialty retailer strikes upbeat note
Party City topped earnings estimates for its second quarter and said it is on track to deliver its full year total revenue and earnings guidance. The party supplies retailer and wholesaler reported net income of $25.0 million in the quarter, compared to $22.5 million in the year-ago period. Earnings, adjusted for non-recurring costs, came to 28 cents per share, topping Wall Street expectations -
Fast-fashion giant trying on vending machines
Uniqlo will be popping up at airports and malls across the nation — but not through retail storefronts. Putting a new spin on the term “fast fashion,” the Japanese retailer is launching 6-ft.-high vending machines that will enable customers to purchase T-shirts and lightweight down jackets, the Wall Street Journal reported. Merchandise is packaged in boxes and cans.

