The National Father’s Day Council will recognize Tom Kingsbury, president, CEO and chairman of Burlington Stores, as a 2019 “Father of the Year” honoree. The 78th annual Father of the Year Awards will be presented at the New York Hilton Midtown Hotel on June 13.
Ollie’s Bargain Outlet is about one-third of the way to opening 950 locations, CEO Mark Butler told CNBC in a recent report.
Ross Stores said that Michael O’Sullivan, the company’s president and chief operating officer since 2009, has resigned from the company and its board of directors effective immediately to accept a position with another company.
Stage Stores has received notice from the New York Stock Exchange that it has regained compliance with NYSE continued listing criteria that require listed companies to maintain an average closing share price of at least $1 over a consecutive 30 trading-day period.
In a fourth quarter when it continued to realign its business, Hudson’s Bay recorded a net loss but pointed to an overall improvement in its operations.
Tuesday Morning has appointed Reuben Slone, a supply chain industry veteran with over 15 years of retail experience, as a director of the board, effective June 1, 2019.
Off-price retailer Stein Mart’s comp sales declined in the fourth quarter, although the company continued to improve its operating results.
Off-price retailer Burlington Stores posted lower than expected sales during its fourth quarter, although overall the company reported a solid fiscal year.
Off-price retailer Ross Stores plans to add approximately 100 new stores— 75 Ross and 25 DD’s Discounts locations— during fiscal 2019.
Despite a modest decline in sales for the fourth quarter, Big Lots reported gains in comparable store sales and net income for the three month period ended February 2.
Ross Stores registered solid sales gains in its fourth quarter and fiscal year.
Off-price retailer Gordmans will open 38 new locations across eight states in March, its parent company Stage Stores said.
Nordstrom reported a mixed fourth quarter, as earnings received a boost from corporate tax reform while net sales decreased.
TJX continued to strengthen its comp performance across all of its off-price banners in a strong fourth quarter.
Hudson’s Bay is closing its Home Outfitters business in Canada and is performing a review of Saks Off 5th’s 133 stores, with an estimate of closing up to 20 locations in the U.S.
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.