Commerce Dept: November Sales Rise 0.3% Just Missing Expectations
Washington—Superstorm Sandy, which hit the Mid-Atlantic and Northeast in late October causing extension damage, hurt and helped November retail sales, according to the U.S. Department of Commerce’s...
View Article7 W New York Hosts Sale Benefiting Hurricane Sandy Victims
New York—7 W New York is hosting a special pre-holiday sample sale with a portion of the proceeds going towards charities to benefit victims of Hurricane Sandy. Leg Resource, maker of high-end women’s...
View ArticleReport: Holiday Retail Sales Up, But Lagging Last Year’s Results
Chicago—First the good news: Super Saturday, Dec. 22, is expected to be one of the biggest shopping days of the year for retailers thanks to the last-minute rush to get shopping in before Christmas....
View ArticleGood Tidings: December Comp Sales Better Than Expected
New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations for December comparable store sales. Of the 17 or so major retailers...
View ArticleBig M, Parent of Mandee, Anne Sez, Files Chapter 11
Totowa, NJ—The repercussions of the Supertorm Sandy that hit the Northeast in late October continue. On Monday, Big M. Inc., which operates Mandee, Annie Sez and Afaze stores, filed for bankruptcy...
View ArticleShopperTrak: Late Season Shoppers Help Holiday ’12 Rally
Chicago—Procrastinating shoppers—many of whom waited until the weekend before Christmas to finish their shopping—helped push total November/December holiday sales up 2.5%. According to results released...
View ArticleSaks Inc. Posts Q4 Profit Decline, But Still Beats Forecasts
New York—Despite sales at some of its Saks Fifth Avenue and Off Fifth stores being negatively affected by Superstorm Sandy, Saks Inc. today reported a net fourth quarter profit that beat analysts’...
View ArticleTarget Q4 Profit Narrows 2% in “Highly Promotional” Environment
Minneapolis—Target Corp. today reported a 2% decline in its fourth quarter profit but projected 2013 profit increases ahead of analysts’ estimates. For the quarter ended Feb. 2, the mass merchant...
View ArticleDespite Markdown Pressure, Ascena Reports Better-Than-Expected Q2
Suffern, NY—Ascena Retail Group, parent to dressbarn, Lane Bryant, Catherines and other specialty stores, reported Monday that its second quarter profit was lower due to increased promotions and...
View ArticleAnn Inc. Q4 Profit Up 8.7%, But Sales Miss Estimate
New York—Ann Inc. ended its fiscal 2012 year with a strong fourth quarter showing today. The women’s specialty retailer reported an 8.7% jump in profits and gave a 2013 sales growth outlook that beat...
View ArticleTod’s 2012 Profit Rises on International Sales
Milan—Tod’s SpA raised its dividend Wednesday after posting a 2012 net profit on strong sales of its footwear and leathergoods in Asia and the United States. The Italian company said its dividend would...
View ArticleHudson’s Bay Co. Narrows Q1 Loss Despite L&T Sales Miss
Toronto—The Hudson’s Bay Company, which operates chains in Canada and Lord & Taylor in the United States, today reported that its first quarter loss narrowed as sales increased in its Canadian...
View ArticleEcho Design + Fashion Delivers Partner for “Share the Warmth”
New York—As we enter the season of holiday shopping, many fashion companies remind us it is also the season of giving. To that end, Echo Design launched today it’s “Share the Warmth” campaign—a...
View Article