Data & Analytics

DALLAS — Tuesday Morning's net loss widened to $2 million, or 5 cents per diluted shared for its fourth quarter, from $1.4 million, or 3 cents per diluted share for the same period last year.

ROANOKE, Va. — Advance Auto Parts has announced the promotions of Kurt Schumacher to SVP, national field operations and Joe Gonzalez to area SVP.

Schumacher will lead the company's  nearly 3,500 Advance Auto Parts stores and asset protection. Mr. Schumacher will report to Darren Jackson, president and CEO. Gonzalez will lead store operations in Florida, the Southeast, Puerto Rico, and the Virgin Islands. He will report to Schumacher.

MINNEAPOLIS — Best Buy reported dismal second quarter results Tuesday morning, missing analysts’ estimates by a wide margin one day after the company raised eyebrows by selecting a CEO with no retail experience to engineer a turnaround.

NEW YORK — Barnes & Noble saw increased sales and a narrower loss for its first quarter thanks in large part to the steamy series, "Fifty Shades of Grey."
 
“During the first quarter, we continued to see improvement in both our rapidly growing Nook business, which saw digital content sales increase 46% during the quarter, and at our bookstores, which continue to benefit from market consolidation and strong sales of the 'Fifty Shades' series,” said William Lynch, CEO of Barnes & Noble.

CHICAGO — SymphonyIRI Group Inc., a provider of innovative solutions and services for consumer, retail and healthcare companies, has named Beverly Grant as president of retail solutions. She will report to Mark Parise, president of IRI, SymphonyIRI.

DALLAS — Karen Katz, president and CEO of The Neiman Marcus Group, announced that Joseph Weber will be joining the company Sept. 4, as SVP, chief human resources officer.  Weber will be responsible for all areas of human resources and loss prevention including associate relations, learning and development, recruitment, compensation, internal communications and benefits.

STERLING, Va. — Former Walmart executive David Hoodis has joined the corporate advisory board of Natural Insight, a private retail technology company engaged in workforce management.

“We feel privileged to have access to David’s respected experience in workforce innovation. His success with numerous leading retailers brings us an added perspective that enables us to stay even further ahead of market need,” stated Stefan Midford, president and CEO of Natural Insight in making the announcement.

St. Louis -- Forty-five percent of customers shopping in-store at bricks-and mortar-locations will walk out and complete their purchase online for a discount as low as 2.5%, according to new showrooming research from GroupM Next.

This number jumps to 60% of shoppers who will leave and purchase a product online for a savings of 5%. When discovering an online discount of 20%, a small percentage of shoppers (13%) stay and complete their purchase in store.

New York -- Cost Plus World Market has launched a new website as a part of the brand’s strategy to elevate its e-commerce business and provide expanded opportunities for customers to discover more at Worldmarket.com. This is the largest redesign of the site since its launch in November 2005.

Columbus, Ohio -- DSW Inc. reported Tuesday that adjusted net income for the quarter ended July 28 dipped to $30.1 million, from $33.7 million last year. Revenue rose 7.5% to $512.2 million, beating the $510.9 million expected by Wall Street.

Same-store sales increased 4.2% in the quarter, compared with a 12.3% increase in the same period last year.

CEO Mike MacDonald told analysts that performance thus far is on track with annual earnings targets and that DSW is on track to open another 27 new stores over the next six months.