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  • Costco off to great start with Q1 beat

    The holiday season started strong at Costco where U.S. same store sales advanced 7 percent during the company’s first quarter ended Nov. 23.

    Total company sales during the period increased 7 percent to nearly $26.3 billion from $24.5 billion. Membership income grew slightly slower, advancing 6 percent to $582 million. Same stores sales excluding the effects of the strengthening U.S. dollar and fuel price deflation were 7 percent and U.S. and international locations.

  • Lands' End sales drop as store base shrinks

    Lands' End sales fell in its October quarter as its store base dwindled, though an improved merchandise assortment and a more-targeted promotional strategy helped drive a 26% increase in profits.

    For the third quarter ended Oct. 31, Lands' End posted a profit of $18 million, or 56 cents a share, up from a profit of $14.3 million, or 45 cents a share, a year earlier. Revenue, meanwhile, fell 2.8% to $373.1 million as same-store sales fell 3.1%.

  • Belk reaps rewards of omnichannel strategy

    Months after announcing a major upgrade in its e-commerce capabilities, Belk reported that its online sales grew 46% in the third quarter.

    The Charlotte, N.C.-based operator of 300 department stores in 16 states attributed the increase in Internet sales to the company’s “Yes! We Have It” item locator program and store fulfillment of digital sales initiatives.

  • NRF: Imports will slow in December as holiday rush ends

    Washington, D.C. - Import cargo volume at the nation’s major retail container ports is expected to continue to slow down in December. According to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates, import volume at U.S. ports covered by the Global Port Tracker report is expected to total 1.37 million containers this month as the holiday shipping cycle winds down.   

  • Feuding continues in the Family Dollar affair

    As the acquisition of Family Dollar moves closer to resolution, would-be acquirers Dollar Tree and Dollar General maintain widely differing views on the superiority of their respective offers and the opinion of federal regulators.

  • Dollar General and Dollar Tree trade barbs over Family Dollar

    Goodlettsville, Tenn. — Dollar General Corp. and Dollar Tree engaged in a verbal war on Friday as they both seek to acquire Family Dollar.    In a news release, Dollar Tree said Dollar General's bid "may ultimately fail" because the Federal Trade Commission may require it to sell more than the 1,500 stores the retailer has said it is willing to let go of.  

  • Delia's to liquidate, file for Chapter 11

    Teen retailer Delia’s Inc. plans to liquidate operations and file for Chapter 11 bankruptcy protection "in the very near term."

    The company has struggled with weak sales for years and has not reported an annual profit since 2007.

    Several teen apparel retailers have been losing market share to fast-fashion brands such as H&M, Forever 21 and Zara.

  • Teen retailer Delia’s to liquidate operations

    New York — Teen retailer Delia’s Inc. plans to liquidate operations as it prepares to file Chapter 11 bankruptcy protection "in the very near term." The struggling retailer has been hurt by sluggish mall traffic, evolving fashion trends and weak online sales. It said it has  unable to find a merger partner, or get an acquisition or financing proposal that would allow it to remain a viable concern.  
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