
Second quarter sales at Tuesday Morning were up slightly as the retailer also reported strong gains in net income for the three month period ended December 31.
Second quarter sales at Tuesday Morning were up slightly as the retailer also reported strong gains in net income for the three month period ended December 31.
After a strong holiday season, Ollie’s Bargain Outlet is currently capitalizing on Toys “R” Us’ liquidation as the closeout retailer looks to expand, according to a recent media report.
Nordstrom has reported a comparable sales increase of 1.3% for the nine weeks ended January 5, 2019, highlighting the strength of its Nordstrom Rack off-price store division during the holidays.
Ollie’s Bargain Outlet enjoyed strong holiday sales, and noted that housewares helped in the closeout retailer’s overall performance.
Stein Mart’s comparable sales for the November/December holiday period declined, although the company did see sales growth in its e-commerce business.
Ocean State Job Lot recently purchased six former Toys “R” Us stores, and has agreed to a long-term lease at a seventh, with the stores located in New York, New Jersey, New Hampshire and Massachusetts.
Stein Mart has appointed James Brown as executive vice president and chief financial officer, effective December 17.
It was a mixed third quarter performance for Big Lots, as the off-price retailer reported a net loss although comparable store sales were up.
Hudson’s Bay said it was encouraged with its turnaround strategies through the third quarter, highlighted by a strong comp increase at its Saks Fifth Avenue division.
Ollie’s Bargain Outlet reported double-digit sales growth in the third quarter as the retailer opened its 300th store in the three-month period ended November 3.
Burlington Stores raised its sales outlook for the year as the off-price retailer reported strong sales and earnings in its third quarter.
Stein Mart posted mixed results in its third quarter ended November 3, as the off-price retailer posted a comp increase on lower sales and a slightly higher net loss.
Off-price retailer Ross Stores saw its sales and earnings rise in the third quarter ahead of the company’s projections as it prepared for the holiday season push.
TJX touted a strong third quarter, as consolidated company comparable store sales advanced 7%, but earnings, although up, fell short of Wall Street expectations.
Off-price retailer Tuesday Morning got off to a strong start this fall season, the company asserted, with comparable store sales rising 3.8%.
Nordstrom hosted a company-wide hiring day on Friday, October 19, with events taking place in every Nordstrom and Nordstrom Rack store across the U.S. and Canada, as well as in its distribution and fulfillment centers.
Ross Stores recently opened 30 Ross Dress for Less and ten DD’s Discounts stores across 19 different states in September and October.
Regardless of income or age, consumers like a bargain and are shopping at retailers that offer products they feel are a good value, a recent survey from the National Retail Federation revealed.
Burlington Stores has named Univision’s Jessica Rodriguez to its board of directors and its nominating and corporate governance committee.
Stein Mart’s chief financial officer, Gregory Kleffner, plans to retire from the company next spring.