News

Shoppers keep loving what L Brands is selling
L Brands Inc. kept its hot streak alive in October by posting yet another impressive increase in same-store sales.

The specialty retailer reported a 5% increase in same-store sales for the four weeks ended Oct. 31. Net sales also increased to $735.6 million, compared to net sales of $700 million for the four weeks ended Nov. 1, 2014.
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Staples tries new holiday promotional strategy

Price match guarantees and claims of fantastic deals have become passé, so Staples is employing a new promotional tactic this holiday season that speaks directly to its core customer.

Staples is making the same claims as virtually every other retailer about its great deals, convenient shopping and omnichannel capabilities. However, to take those claims a step further in a way that speaks to its core customers, Staples has created a limited duration promotion it’s calling the “Business Savings Event.”
Delivery.com steps up app experience

Delivery.com is focused on providing on-demand delivery from small, local retailers, but that doesn’t stop the company from thinking big.

Delivery.com is unveiling a new iOS app with an optimized user experience within each of Delivery.com's core categories of food, alcohol, groceries and laundry. Enhancements in the new app include visual design, customized recommendations for users, and a complementary app for Apple Watch.
Report: Bass Pro Shops exploring bid for Cabela's

Bass Pro Shops is exploring a bid for rival outdoors retailer Cabela's according to an exclusive report from Reuters. The news service says Bass Pro is working with an investment bank on the potential offer. Cabela's has recently begun to explore its options and has also reached out to private equity firms to solicit interest, Reuters says. [Reuters]
City Sports begins liquidation process

Specialty athletic retailer City Sports never found its footing and, despite bringing in a veteran retailer to lead the 18-store operation, it has commenced going-out-of-business sales.

Gordon Brothers Group & Hilco Merchant Resources are managing the going-out-of-business process, which began Nov.6 at City Sports’ 18 stores in the Maryland, Massachusetts, New York, Pennsylvania, Virginia and Washington, D.C.
Whole Foods hits the wall, comps turn negative

Whole Foods is trying to get its groove back, but after reporting weak fourth quarter results it is not clear when that will be as the company expressed concern about the competitive climate and the impact on its profit margins.
Outdoors retailer names new CEO

L.L.Bean has gone outside the company for the first time ever to pick a chief executive, according to the Associated Press.

The outdoors retailer has selected the chief merchandising and marketing officer of a Chinese e-commerce business as its new CEO.

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Coach executive named new CFO at Bon-Ton

The Bon-Ton Stores Inc. has a new finance chief to help the company strengthen its balance sheet.

The retailer has named Nancy A. Walsh to the position of executive VP, CFO of the company, effective Nov. 9. Walsh will have responsibility for Accounting, Treasury, Tax, Credit, Investor Relations, Legal and Internal Audit.
Lumber Liquidators hopes to build a better future with new CEO

Lumber Liquidators has selected a banking executive to be its next CEO even as the company continues to struggle from the financial effects of a flooring scandal earlier this year.

The retailer has appointed board member and First Capital Bancorp veteran John Presley as CEO, replacing founder and acting CEO Thomas Sullivan. Sullivan will remain on the board as founder.