News

Union, N.J. – Bed, Bath and Beyond Inc. had a difficult first quarter of fiscal 2014, missing Wall Street estimates on both profits and sales. Net earnings fell 8% to $187.1 million, from $202.5 million in the same period a year earlier. Sales rose 2% to $2.66 billion from $2.61 billion, and same-store sales climbed 0.4%.

New store growth, 13.4% operating margins and totally untapped e-commerce potential failed to impress would-be Michaels investors when the company returned to public ownership Friday, June 27.

Rite Aid’s store in Beverly Hills, California, has completed a major remodel that reflects the latest evolution of the drugstore retailer’s “wellness store” format.  

The Finish Line is off to a strong start in fiscal 2015, according to chairman and CEO Glenn Lyon, who credited the company’s omnichannel efforts for its first-quarter success.

The company reported consolidated net sales of $406.5 million, an increase of 15.8% over the prior year period. Comparable store sales increased 5%.

Los Angeles -- Drybar, the leading blowdry-only salon concept, has received a $20 million investment led by SPK Capital and existing investor, Castanea Partners.
 

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Chico's FAS has appointed Todd E. Vogensen as SVP, CFO, replacing Pamela Knous, who has left the company.

Prior to his appointment as CFO, Vogensen had been the company's SVP of finance. He will report to Kent Kleeberger, who himself filled the CFO spot from 2008 to 2011 and is currently EVP, COO.

San Jose, Calif. – Adobe is releasing Adobe Target Premium, a new personalization solution that leverages predictive technology to deliver automated decisioning. Adobe Target Premium is part of the Adobe Marketing Cloud.

Some of the new features include: