News

Brown Shoe Company’s first quarter results exceeded expectations according to CEO, president and chair Diane Sullivan, and the company is raising its annual EPS guidance range as a result.

Customers can now shop on Amazon for collectible U.S. coins from industry leading dealers including Stack’s Bowers Galleries, Kagin’s, David Lawrence Rare Coins and Liberty Coin — all from the newly launched Collectible Coins store.

Fort Myers, Fla. – Higher costs reduced profits at Chico’s FAS Inc. during the first quarter of fiscal 2014 even as net sales grew. Chico’s reported net income of $39.88 million, a 22% year-over-year-drop from $51.12 million in the year-ago period.

DSW may have had a challenging first quarter, driven by unseasonal weather and an aggressively promotional retail environment, but the company is looking to strengthen its competitive advantage by investing in omnichannel and assortment planning.

The company reported a sales decrease of 0.4% to $599 million for the first quarter ended May 3, compared to last year's first quarter sales of $601 million. Comparable sales decreased by 3.7%.

New York – Specialty women’s apparel retailer Cache Inc. intends to offer and sell, subject to market and other conditions, $14 million of its common stock in a public offering. Cache intends to grant the underwriter a 30-day option to purchase up to an aggregate of 15% of the amount of common stock offered.

Cache expects to use the net proceeds from the offering for working capital and general corporate purposes. In connection with the offering, B. Riley & Co., LLC is acting as the sole underwriter.

Hong Kong - Michael Kors Holdings attributed impressive growth in net income, total revenues and same-store sales during fourth quarter 2014 to strong global demand for luxury items. Net income for the three months ended March 29 rose 59% to $161 million, from $101.1 million last year.

Total revenue increased 53.6% to $917.5 million. from $597.2 million. Same-store sales grew 26%. The addition of 101 corporate stores and 150 licensed stores, including concessions, also helped fuel results.

For the second year in a row, Sears' brand of Kenmore appliances will fuel competitive juices in Las Vegas when 400 cooks gather later this year for the World Food Championships.

New York -- Doug McMillon, CEO of Wal-Mart Stores, said the company plans to ramp up the company's pace of partnerships and acquisitions as part of a broader strategy to better compete with digital rivals, Bloomberg reported.  

“We’ve been more acquisitive lately, especially for talent,” McMillon said, according to the report. “And our pace of acquisitions, I think, is going to accelerate.”