Stein Mart Appoints Brown Chief Financial Officer
Stein Mart has appointed James Brown as executive vice president and chief financial officer, effective December 17.
off-price
Big Lots Reports Q3 Net Loss
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 Still In Turnaround Mode Through Q3
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 Q3 Comp Sales Up 4.6%
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 Boosts Outlook After Strong Q3
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 Posts Mixed Results In Q3
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.
Ross Stores Builds Momentum Through Q3
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 Boosts Q3 Comps, Earnings
TJX touted a strong third quarter, as consolidated company comparable store sales advanced 7%, but earnings, although up, fell short of Wall Street expectations.
Tuesday Morning Comps Rise In Q1
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 Holds Hiring Day Event
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 Drives Store Growth Plans
Ross Stores recently opened 30 Ross Dress for Less and ten DD’s Discounts stores across 19 different states in September and October.
NRF: Majority Of Consumers Shopping Discounters
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 Names Rodriguez To Board Of Directors
Burlington Stores has named Univision’s Jessica Rodriguez to its board of directors and its nominating and corporate governance committee.
Stein Mart CFO To Retire
Stein Mart’s chief financial officer, Gregory Kleffner, plans to retire from the company next spring.
Stein Mart To Open Two New Chicago Stores
Stein Mart will open two new Chicago area store locations on October 11.
Stein Mart Extends Credit Agreements
Stein Mart has extended and amended its existing revolving credit agreement with Wells Fargo Bank and its term loan agreement with Gordon Brothers Finance Company.
TJX Elects Berkery To Board Of Directors
The TJX Companies has elected Rosemary Berkery to its board of directors.
Nordstrom Launches New Customer Loyalty Program
Nordstrom has revamped its customer loyalty program with the launch of The Nordy Club, which will debut this fall.
Loss In Q2 Drives Hudson’s Bay To Action
As Hudson’s Bay released its second quarter results including a company-wide 0.4% decrease in comparable sales and a larger loss, the department store retailer said it is forming a strategic partnership for its European business.
Ross Stores Expanding In Los Angeles Metro Area
Continuing to expand, Ross Dress for Less has unveiled plans for debuting new Los Angeles-area stores in downtown Glendale, South Los Angeles and Santa Fe Springs, CA, on October 13.