DSW may have had a challenging first quarter, driven by unseasonal weather and an aggressively promotional retail environment, but the company is looking to strengthen its competitive advantage by investing in omnichannel and assortment planning.
The company reported a sales decrease of 0.4% to $599 million for the first quarter ended May 3, compared to last year's first quarter sales of $601 million. Comparable sales decreased by 3.7%.
San Francisco - Revel Systems, has launched its iPad POS system for drive-thru. This expands Revel Systems' product offering for fast-food and enterprise-level clients, providing them with a fully integrated video chat experience with their tablet-based POS system.
San Jose, Calif. – Second quarter 2014 will be less of a hardship for retailers than the first quarter, which started off the spring season on a negative trend across the metrics of traffic, conversion rate and sales per store (SPS). Data from store analytics technology provider RetailNext indicates that compared to the second quarter of 2013, traffic at brick-and-mortar stores nationwide will be down 6%, SPS flat and sales down 4%.
St. Louis -- Brown Shoe Company’s first quarter results exceeded expectations as the retailer swung to a profit. The company said it is raising its annual forecast.
Brown Shoe reported net earnings for the quarter of $15.4 million, compared to a net loss of $10.8 million in the year-ago period.
Net sales for the quarter increased 0.4% to $591.2 million, from $588.7 million for the prior-year quarter.
Brown Shoe Company’s first quarter results exceeded expectations according to CEO, president and chair Diane Sullivan, and the company is raising its annual EPS guidance range as a result.
Ahold CEO Dick Boer cited competitive pressures in New England as a contributing factor in the company’s flat U.S. sales in the first quarter, but it’s not stopping the company from targeting online expansion.
Ahold's U.S. operations posted first-quarter net sales of $8 billion, down 0.3%. Excluding fuel sales, overall sales were flat relative to the same period last year. Identical sales growth excluding gas was 0.1%, which included the positive impact this year of the post-Easter week falling into the second quarter.
Fort Myers, Fla. – Higher costs reduced profits at Chico’s FAS Inc. during the first quarter of fiscal 2014 even as net sales grew. Chico’s reported net income of $39.88 million, a 22% year-over-year-drop from $51.12 million in the year-ago period.
