Kohl’s Closing Off/Aisle Discount Store Concept
Four years after it started its Off/Aisle discount retail concept test, Kohl’s is ending the experiment.
off-price
Hudson’s Bay Exits Germany, Considers Acquisition Proposal
As the corporate board reviews a privatization bid, Hudson’s Bay entered into definitive agreements to sell its remaining stake in its German real estate joint venture and divest a related retail joint venture to its partner, Signa, for $1.5 billion.
Ollie’s Raises Outlook After Strong Q1
Ollie’s Bargain Outlet maintained its momentum in a strong first quarter, and the off-price and closeout retailer raised its outlook for the remainder of the year.
Big Lots Makes Progress In Q1
Big Lots beat a Wall Street earnings per share estimate as the off-price retailer progressed in its first quarter.
Burlington Posts Mixed Q1
It was a mixed first quarter for Burlington Stores, as the off-price retailer saw its net sales increase while net income declined.
Ross Stores Rings Up Q1 Sales Growth
Ross Stores rang up first quarter sales gains at the high end of its guidance for the quarter.
Stein Mart Weathers Rough Q1
Stein Mart weathered a rough first quarter, but pointed to initiatives rolling out in the second half that it feels will build sales growth and store traffic.
Stage Stores Stays On Off-Price Growth Track In Q1
Stage Stores’ comparable sales were down in the first quarter ended May 4, but the retailer said it was encouraged by its off-price store conversion plan and its expansion of the home department.
TJX Q1 Comps Gain
TJX enjoyed a strong first quarter performance, highlighted by a solid comparable store sales increase above the company’s expectations.
Nordstrom Sales Fall In Q1
Nordstrom reported that its net sales decreased 3.5% for the first quarter. The company said its top-line results were impacted by three areas— loyalty, digital marketing and merchandise— which contributed to declines across its full-price and off-price businesses, in both stores and online.
Stein Mart Launches In-Store Pickup And Returns With Amazon
Stein Mart is installing Amazon Hub Lockers in nearly 200 of its stores across 28 states. Amazon Hub Lockers are secure, self-service kiosks that provide customers of the online retailer an alternative delivery option to pick up and return their Amazon packages.
Macy’s Gains Traction In Q1
Macy’s showed progress in its first quarter, beating Wall Street estimates and asserting that it was gaining traction with its omnichannel growth strategies.
Tuesday Morning Faces Headwinds In Q3
Tuesday Morning reported a sales decline and a net loss in its third quarter, and indicated it is boosting its off-price growth strategies as the retailer looks to identify and reinforce its most successful merchandising assortments.
O’Sullivan To Succeed Kingsbury As Burlington CEO
Burlington Stores has revealed a leadership succession plan to guide the company’s continued growth.
Burlington To Roll Out Private Label Credit Card, Loyalty Program
Alliance Data Systems has signed a new agreement to provide private label credit card services and a loyalty program for off-price retailer Burlington Stores.
Burlington’s Kingsbury To Be Honored As 2019 ‘Father Of The Year’
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.
Report: Ollie’s Eyes Expansion To 950 Locations
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 President/COO O’Sullivan Resigns
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 Regains Compliance With NYSE Listing Criteria
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.
Hudson’s Bay Posts Loss But Points To Improvement
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.