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  • Destination XL posts Q3 loss, will open new DXL stores

    Canton, Mass. – Destination XL posted a loss of $6.3 million in the third quarter of fiscal 2014, up from a loss of $4.1 million the same quarter a year earlier. Transition costs, including lease exits and pre-opening costs, contributed to the growing loss.  

  • Gap misses in Q3; details omnichannel moves

    San Francisco – Gap Inc. failed to meet Wall Street expectations for net income and revenue in its third quartet as its namesake brand continues to struggle. The retailer cut its annual forecast as sales at its namesake brand continue to fall, Gap’s net income rose 11% to $351 million from $337 million, helped by lower cost of goods sold and taxes.  

  • Why Alco Stores is going out of business

    Coppell, Texas – Bankrupt retailer Alco Stores is going out of business, and closing its 198 stores, a victim of both the economy and the changing retail landscape.   

  • It’s the blackest Friday ever for Alco

    Alco Stores is offering retailers a cautionary holiday tale this Christmas as going-out-of-business sales have begun at the regional discounter’s 198 locations.

  • Serving big men yields big results at DXL

    Clothes aren’t the only thing big at Destination XL as evidenced by a double digit third quarter comp increase aided by omnichannel integration.  

    Sales at Destination XL increased 5% to $93.6 million, compared with $88.7 million in the prior-year quarter. Same store sales increased 5.5%.  

  • Walmart lights the way on solar energy

    Walmart is fulfilling its promise earlier this year to make a big investment in solar energy: The retailer has accepted bids from SunEdison and SolarCity to install as many as 400 new solar systems on its facilities over the next four years.  

  • Petco fetches deal with e-retailer

    As the pet supply industry continues to experience record growth, Petco is looking to expand its online offerings to include prescription services and more premium products.

    Petco has agreed to acquire Drs. Foster & Smith, a Wisconsin-based online pet store founded by veterinarians. Drs. Foster & Smith specializes in pet care and education and is known for veterinary expertise on prescription medications and premium products for dogs, cats, fish, birds, reptiles, horses and small animals.

  • True Value CEO to appear on “Undercover Boss”

    New York - The chief executive of hardware giant True Value is going undercover—on television that is. True Value Company president and CEO John Hartmann will appear in the season premiere of "Undercover Boss," which airs on Dec. 14 on CBS. 

  • Zappos to feed millions this Thanksgiving weekend

    Zappos.com says it will celebrate Thanksgiving and Black Friday weekend by donating 10 meals per order placed on Zappos.com in partnership with Feeding America, the leading domestic hunger-relief charity.

    The company says the objective of its Fast, Free Giving effort is to give back this holiday season and for consumers to put their dollars behind more than just holiday gifts: to help those most in need, too.

  • Hartmann to appear on 'Undercover Boss'

    True Value’s boss went undercover, and the cameras were rolling. True Value Company president and CEO John Hartmann will appear in the season six premiere of "Undercover Boss" airing on Dec. 14 on CBS. 

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