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.
Stage Stores, the parent company of Gordmans, has regained compliance with the New York Stock Exchange and its stock will continue to be listed.
Stein Mart has enhanced its loyalty program to provide more value for customers. The retailer has doubled the earn rate, which means cardholders now earn rewards twice as fast.
TJX has launched a third e-commerce website, Marshalls.com, one that will offer a different mix of products than its brick-and-mortar cousin.
Stein Mart has formed the SMart Council, a panel of 13 accomplished, fashion-savvy businesswomen from key markets throughout the U.S. where the company operates. The panel will provide insight into their shopping patterns, what issues frustrate them, offer solutions and share objective views of their Stein Mart shopping experiences to generate ideas to improve the customer experience.
Off-price retailer Burlington Stores recently reported a solid second quarter performance, with results driven by a 3.8% comparable store sales increase.