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Data & Analytics

  • JCPenney to increase Energy Star certifications to 400 stores

    Plano, Texas -- JCPenney Co. announced that it will up its participation in the Environmental Protection Agency’s Energy Star program to 400 stores by the end of 2013. Energy Star certification is awarded to buildings that rank within the top 25% of similar commercial buildings nationwide by meeting strict energy performance levels set by the EPA.

    JCPenney has a companywide goal to reduce facility energy use 20% by 2015.

  • The road to near field communications: Virtual bumps in the road

    By Diarmuid Mallon, [email protected]

  • Gap Inc. earnings suffer on higher cost of goods

    SAN FRANCISCO — The rising cost of goods and a challenging economic environment took its toll on Gap Inc.'s first-quarter sales and earnings. Gap Inc. reported that net income for the first quarter decreased 23% to $233 million compared with $302 million for the first quarter last year. First quarter diluted earnings per share was 40 cents.  

  • Liberty Media makes $1 billion bid for Barnes & Noble

    New York City -- Liberty Media Corp. has offered to buy Barnes & Noble in a deal valued at about $1 billion, which represents a 20% premium over the bookseller’s market value Thursday. Barnes & Noble said Thursday that the cash offer, which the Wall Street Journal called a “stunner,” is worth $17 a share.

    The companies have yet to sign an agreement.

  • Kirkland’s income falls on higher expenses

    Nashville, Tenn. -- Kirkland's said Friday that its first-quarter net income fell 51% stung by higher expenses, increasing freight costs and competition over price. Its results, however, exceeded Wall Street's expectations.

    The company earned $3.2 million for the period ended April 30, down from $6.5 million, a year earlier.

    Total operating expenses rose to $29.7 million from $26.7 million.

  • Ann Taylor tops estimates, raises view

    New York City -- Ann Inc., the operator of Ann Taylor and Loft stores, posted a 21% increase in its fiscal-first-quarter earnings and raised its full-year sales estimate.

    For the quarter ended April 30, Ann reported a profit of $27.3 million, up from $22.62 million in the prior-year quarter.

    Sales rose almost 10% to $523.6 million, but margins slipped to 57.3%, against 59% last year. Same-store sales rose 7.8%.
     

  • Get schooled on where college students shop

    OBERLIN, Ohio — Walmart and Target are the top go-to retail stores for college students, according to a new study.

  • Bi-Lo renews agreement with Kronos

    Chelmsford, Mass. -- Kronos announced that Bi-Lo has renewed its contract for Kronos’ selection and hiring solution.

    The Kronos solution is designed to allow Bi-Lo to identify candidates who are likely to perform better and stay longer. Also, hiring managers spend less time weeding out unqualified applicants and are able to fill positions more quickly.

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