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Data & Analytics

  • Saks extends credit agreement to 2016, revises terms

    New York City -- Saks said Tuesday that lenders have agreed to amend a $500 million revolving credit agreement that now extends to 2016. The agreement also favorably revises other terms.

    As a result, the department store retailer estimates its 2011 interest expenses will total about $50 million, down from its previous estimate of $51 million to $53 million.

    The debt previously was scheduled to mature Nov. 23, 2013. Now, it matures March 29, 2016.

  • Retail Ventures reports Q4 profit, comps growth

    COLUMBUS, Ohio -- Retail Ventures reported that income from continuing operations for the quarter ended Jan. 29 was $5.7 million on net sales of $468.5 million, compared with the loss from continuing operations of $5.3 million on net sales of $402.6 million for the same period last year. DSW same-store sales increased 14.9% during the fourth quarter versus an increase of 12.9% last year.

  • Amazon takes a bite out of Apple

    SEATTLE -- Apple iTunes may have met its match in the form of a new music service from Amazon.com that offers the flexibility in file purchasing and access previously unseen by similar programs. 

  • A.C. Moore reports 4Q loss on 4.3% comps decline

    BERLIN, N.J. -- A.C. Moore Arts & Crafts reported that sales for the fourth quarter of fiscal 2010 were $143.2 million, a decrease of 4.4% compared with sales of $149.7 million during the fourth quarter of last year. This decline was primarily attributable to a decrease in comparable-store sales of 4.3% during the quarter. Net loss was $4.8 million, or 20 cents per share, compared to a net loss of $0.5 million, or 2 cents per share, in the fourth quarter of fiscal 2009.

  • DSW owner swings to profit in Q4

    Columbus, Ohio -- Retail Ventures, parent of off-price shoe retail chain DSW, reported Monday that net income for the quarter ended Jan. 29 was $5.7 million, compared with a loss of $5.3 million a year earlier.

    Sales for the quarter were $468.5 million, up from $402.6 million in the year-ago period. DSW same-store sales increased 14.9%.

    For the full year, net income was $51.8 million, compared with a loss of $65.6 million the year before. Sales were $1.82 billion, compared with $1.60 billion for the prior year.

  • A.C. Moore loss widens in Q4

    Berlin, N.J. -- A.C. Moore Arts & Crafts reported Tuesday that net loss for the quarter ended Jan. 1 was $4.8 million, widened from a loss of $500,000 in the year-ago period.

    Sales for the fourth quarter decreased 4.4% $143.2 million, from $149.7 million. Same-store sales fell 4.3%.

  • Delhaize U.S. stores earn Energy Star award

    SALISBURY, N.C. -- The U.S. Environmental Protection Agency has awarded Food Lion Family, Bloom and Bottom Dollar Food with its 10th consecutive Energy Star award. The company was one of 46 organizations recognized in the sustained excellence category and among 111 overall 2011 ENERGY STAR award winners chosen from more than 20,000 partners in the ENERGY STAR program.

  • Ebay to acquire GSI Commerce

    SAN JOSE, Calif. & KING OF PRUSSIA, Pa.  -- Ebay Inc. announced that it has agreed to acquire GSI Commerce, a leading provider of e-commerce and interactive marketing services, for $29.25 a share, or total consideration of approximately $2.4 billion. The acquisition, which will be financed with cash and debt, is expected to close in the third quarter of 2011.

  • No you may not have my ZIP code

    In a decision that is sending waves across the national retail industry, the California Supreme Court recently held that ZIP codes constitute “personal identification information” under the Song-Beverly Credit Card Act. The decision, Pineda v. Williams-Sonoma Stores Inc., generally will expose retailers who request such information from customers paying with a credit card to penalties of up to $1,000 per request.

  • Peapod expands in NYC

    NEW YORK — Royal Ahold’s Peapod online grocery service is expanding in New York, according to published reports.

    According to the reports, the new service, Peapod by Stop & Shop, will fulfill orders using the existing warehouse presence of Ahold supermarket banner Stop & Shop, which operates several stores in the city. In addition to groceries, Peapod also offers numerous health and beauty products.

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