News

International wholesale club PriceSmart keeps attracting shoppers to its stores, as the retailer reported an increase in same store sales for the third quarter.

 

San Diego – Net income at warehouse club retailer PriceSmart Inc. stayed essentially flat at $21.2 million during the third quarter of fiscal 2015, compared to $21.3 million in the prior year period. Meanwhile, total revenues rose 13% to $697.1 million, from to $615 million.

Higher income taxes kept PriceSmart’s profits flat even as rising export sales and membership income boosted total revenues. Same-store sales increased 4% during June 2015, compared to the same month in the previous year.
 

Shoppers who drive an electric vehicle and shop at Ikea in Canada just got a big gift from the Swedish retailer.

Every retailer needs a good CFO and that’s especially true at Conn’s where the company’s business model requires balancing the need to grow sales against the charge off risk associated with extending credit to subprime customers.

Toys“R”Us Inc. plans to bring its U.S. e-commerce operations in-house, including building and managing a new platform for Toysrus.com, Babiesrus.com and FAO.com, by the end of summer 2016.

Wayne, N.J. – Toys “R” Us is taking e-commerce into its own hands.

In a move to optimize its e-commerce business and significantly improve the customer experience online, the toy giant announced plans to bring its U.S. e-commerce operations in-house. The plans include building and managing a new platform for Toysrus.com, Babiesrus.com and FAO.com.

Toys “R” Us expects to launch its own online platform by the end of summer 2016.

The online checkout space keeps getting more crowded.

The man who ran European drugstore chain Alliance Boots before its merger last year with Walgreens has agreed to become the top executive of the combined company.