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  • Former Macy’s exec joins Kurt Salmon

    Management consulting firm Kurt Salmon has named Tom Cole as a partner in its Retail and Consumer Products Group.

  • P&G's rolls out new fabric care line

    Procter & Gamble, in support of the National Sleep Foundation's Sleep Awareness Week 2014, announced the launch of its newest fabric care line, the Sweet Dreams Collection.

  • Dollar Tree net income falls on varied sales

     

  • Lowe’s delivers in Q4 despite severe winter weather

    Severe winter weather was no match for Lowe’s in the fourth quarter. The company reported sales of $11.7 billion, up 5.6% from the same quarter last year, as comps increased 3.9%.

    The company also posted fourth-quarter net earnings of $306 million, up 6.3%.

  • Barnes & Noble swings to Q3 profit, plans new Nook

    New York – Barnes & Noble swung from a net loss in the third quarter of fiscal 2013 to a net profit in the third quarter of fiscal 2014, even as revenues dropped.

    Net earnings in the third quarter totaled $63.2 million, compared to a $3.7 million net loss in the same period a year earlier. Total revenues dropped 10.3% to $1.99 billion from $2.22 billion. A 50% revenue drop in the company’s Nook segment helped drive the overall decline, although all the company’s retail and college verticals also reported revenue drops.

  • J.C. Penney’s Q4 shows signs of progress

    In a sign of some progress in its turnaround efforts, J.C. Penney reported a net profit of $35 million for the fourth quarter ended Feb. 1, compared to a loss of $552 million a year ago. Excluding a tax benefit and other items, Penney had a loss of $206 million for the quarter.

    Looking forward, the company expects same-store sales to increase approximately 3% to 5% for the first quarter and to increase mid-single digits for the full year 2014.

  • NRF: Tax reform proposal would boost economy

    Washington, D.C. -- The National Retail Federation welcomed a proposal to reform the nation’s tax structure announced Wednesday by House Ways and Means Committee Chairman Dave Camp, R-Mich., saying it would strengthen the economy and jobs.

  • Abercrombie continues facing challenges in Q4

    Abercrombie & Fitch’s fourth quarter was affected by the company’s closure of 24 Gilly Hicks stores in the fourth quarter, as well as other asset impairment charges and charges related to its profit improvement initiative.

    Although the company’s net income decreased significantly in the quarter — 58% — it did not fall as much as Wall Street expected.

    The company’s board also approved a $150 million accelerated share repurchase plan, to be executed during the first quarter.

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