Top Stories - Newsletter

08/08/2014 - 10:38

Gap posted positive comps in July for the four-week period ended August 2, buoyed by sales at Banana Republic; but preliminary second-quarter results show that comparable store sales were flat compared to the same period last year.

08/07/2014 - 17:38

Costco saw a boost in net sales and same-store sales during the month of July.

08/07/2014 - 15:51

Costs related to the exit of its Rainbow business in the Twin Cities markets, as well as the upcoming closure of a distribution center, helped push Roundy’s to a net loss of $13.5 million in the second quarter of fiscal 2014.

08/07/2014 - 15:36

Despite reporting a second-quarter sales increase of 5% and a digital sales increase of 9% — with mobile representing 15% of its total sales — HSN missed Wall Street expectations for its net income thanks to a 5% drop from $43.3 million a year earlier to $40.9 million for the quarter.

08/07/2014 - 12:00

Fred’s has brought Craig Barnes and Kelly Ma on board to lead the company’s new sourcing team, as part of the regional discount chain’s efforts to strengthen its overall inventory and buying management capabilities. The company tapped the pair in conjunction with its July sales results.

08/06/2014 - 16:04

Walgreens has exercised its option to complete the second step of its strategic transaction with Alliance Boots ahead of the original option period, which was between February and August 2015. The transaction, subject to shareholder and various regulatory approvals, would fully combine the two companies to form the first global pharmacy-led, health and well-being enterprise.

08/06/2014 - 12:38

Just under two weeks after Aaron’s posted disappointing second-quarter results, the company is seeking a new CEO. Ronald W. Allen, 72, plans to retire as the company’s CEO and will be stepping down from the board of directors, effective August 31, 2014.

08/06/2014 - 11:31

The shopping habits of today’s consumers have changed; retailers must be able to provide the product information they want through one or more of the marketing channels they may frequent — and all of those communications must be consistent with the physical in-store experience.

08/05/2014 - 14:08

As today’s healthcare market continues to evolve, CVS Caremark’s portfolio of enterprise assets is enabling the company to provide innovative solutions and products that are delivering results, as evidenced by its “strong” second-quarter results released Tuesday morning.

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