News

Lackluster traffic at its Golf Galaxy stores led Dick’s Sporting Goods to report a lackluster profit in the first quarter.

As other major retailers report sluggish sales, home improvement stores such as Home Depot Inc. are benefitting from rebounds in the housing market and the weather.

Record Mother's Day sales couldn't lift profit at Stage Stores Inc., which narrowed its loss but reported disappointing same store sales in the first quarter.

Strong traffic continues to boost sales and profit at TJX Cos. Inc., which raised its annual guidance after reporting that earnings rose 4.5% in the first quarter.

The off-price retailer said that net sales for the first quarter ended May 2 increased 6% to $6.9 billion, and same store sales increased 5%. Net income for the first quarter was $475 million, and diluted earnings per share were 69 cents, an 8% increase over the prior year.

With a title like chief retail innovation officer, Kasey Lobaugh spends a lot of time peering into the future to assess where the retail industry is headed.

The principal with Deloitte Consulting did just that May 18 at Manhattan Associates annual Momentum conference where he elaborated on new research showing that digital interactions are expected to influence 64 cents of every dollar spent in retail stores by the end of 2015, or roughly $2.2 trillion.

The Limited is finally following the lead of a slew of other retailers that have rolled out buy online, pick up in store services for customers.

Sports Authority wants to make purchase protection "SIMPLR" for its customers with a new partnership with Asurion Retail Solutions' SIMPLR brand.

Digital ad spending in the U.S. will total $58.61 billion this year, and retailers’ ad outlays will comprise 22% of that figure, according to new figures from eMarketer.

Online grocery delivery service Instacart has had to add boats to its fleet of vehicles now that the growing company has decided to launch in Miami.

Customers in Miami can now order from Whole Foods Market, Costco, Winn-Dixie, BJ'S Wholesale Club and Petco stores and have everything delivered by Instacart in as little as one hour. Instacart customers do not need a Costco or BJ's membership to shop from those stores.

The Obama administration’s plan to revise federal overtime regulations would likely “hollow out” low- and mid-level management positions in the retail industry and result in a shift toward more hourly and part-time workers, according to a new National Retail Federation (NRF) report.