Stage Stores has reported comparable sales for the holiday period. For the nine-week period ended January 4, 2020, comparable sales increased 1.4% as compared to the nine-week period ended January 5, 2019.
Ross Stores said that Bernie Brautigan, president, merchandising of Ross Dress for Less since 2016, is leaving the company. Senior merchant executives under his areas of responsibility will now report to CEO Barbara Rentler.
Tuesday Morning has appointed Paul Metcalf as acting chief merchant, effective immediately.
Following the passing of its founder, Mark Butler, Ollie’s Bargain Outlet reported a solid third quarter and named John Swygert its new president and CEO.
During the third quarter, Hudson’s Bay continued to reposition its department store business even as its off-price Saks Off 5th operation generated positive comps in a period when the company’s luxury customers were bargain shopping.
Big Lots said it stayed in line with its guidance in the third quarter and the company strengthened its balance sheet with the sale of a distribution center.
The special committee of the board of directors of Hudson’s Bay Company has rejected a recent takeover offer from The Catalyst Capital Group.
Hudson’s Bay Company has confirmed receipt of Catalyst Capital Group Inc.’s unsolicited proposal to acquire HBC for $11.00 per share in cash.
The board of directors of Ollie’s Bargain Outlet has announced that founder, chairman of the board, president and CEO, Mark Butler, 61, passed away unexpectedly December 1 while spending the Thanksgiving holiday weekend with his family.
Off-price retailer Burlington Stores maintained its momentum going into the fourth quarter, showing both net income and net sales growth in the third quarter.
Ross Stores powered through the third quarter with strong comparable store sales growth, and stayed cautiously optimistic about its fourth quarter prospects.
Stein Mart said it saw omnichannel sales performance improvements in the third quarter, and the off-price retailer also narrowed its net loss.
For the third quarter, TJX kept rolling, pointing to customer traffic as driving its earnings and sales performance as the off-price retailer positioned its holiday marketing campaigns for the fourth quarter.
Off-price retailer Century 21 Stores has opened a limited engagement pop-up store in the heart of Herald Square in New York City. The Century 21 Herald Square Holiday Pop-Up will be located at 50 W. 34th Street and its red doors opened on Friday, November 1 through January 11, 2020.
First quarter comparable store sales at Tuesday Morning were down as officials with the retailer pinned the decline on a reduced store count and the negative impact of several weather events including Hurricane Dorian.
As it upgrades warehouse and logistical capabilities, Big Lots has completed the sale of its distribution center in Rancho Cucamonga, CA.
Burlington Stores has appointed John Crimmins chief financial officer.
It was a busy September and October for Ross Stores as the retailer in recent weeks opened 30 Ross Dress For Less locations and 12 DD’s Discounts stores.
Big Lots has appointed Andrej Mueller as evp/business strategy. Mueller has more than 15 years of experience in the consumer industry.
Macy’s brought together nearly 800 brand partners in New York City to discuss general industry trends, business highlights, strategic programs and brand innovations, and also update key growth initiatives.