Lidl Could Have Big Impact On U.S. Retailing

Music in America during the 1960s forever changed when the Beatles led a host of bands from the U.K. to the U.S. in what would forever be known as the British Invasion.

Census Bureau: Retail Sales Dip In May

According to the United States Census Bureau, advance estimates of U.S. retail and food services sales for May 2017, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $473.81 billion, a decrease of 0.3% from April but up 3.8% from May 2016.

Neiman Marcus Posts Q3 Loss

Neiman Marcus posted a deeper net loss and a decline in sales for its third quarter, while media reports indicated that the struggling retailer had shelved plans regarding the sale of the company.

Aldi Ramps Up Expansion Plans

Aldi is stepping up its U.S. market growth strategy, for which it already has slated $1.6 billion to remodel 1,300 stores by 2020, by committing an additional $3.4 billion in capital investment to expand to 2,500 stores nationwide by the end of 2022.

TJX Touts Future Growth, New HomeSense Concept At Annual Meeting

At the TJX annual meeting, Ernie Herrman, president and CEO of the company, said that it will continue to leverage its business model to generate traffic gains and additional comparable store sales as a means to build the business and boost its value for investors while, at the same time, developing new initiatives.

Hudson’s Bay Implements Reorganization Plan

Following a first quarter in which retail sales were down low-single digits, Hudson’s Bay has named a new president of its Canadian division and is implementing a “transformational plan” that includes reducing 2,000 positions company wide.

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