retail
Walmart’s Revised Forecast Gloomy; Remains Committed to Aggressive Expansion
Walmart issued a less than stellar forecast for the next fiscal quarter but also reasserted its intentions to…
Cold Weather Boosts Winter Apparel Sales
Retail analysts have struggled to fully comprehend the impact of this chilly winter on the sale of apparel…
Jos. A. Bank Makes Bid to Buy Eddie Bauer
Jos. A. Bank finally found another retailer happy to be acquired by it; the clothier will purchase Eddie…
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Severe Winter Weather Pummels January Retail Sales
Unseasonably frigid weather and severe ice and snow in much of the country appear to have put a damper on…
Primark Signs Greenpeace Pledge to Eliminate Hazardous Chemicals
Greenpeace has notched another victory in its quest for more environmentally responsible supply chains…
Michael Kors Q3 Revenue Jumps 59%, Stock Hits Record High
Michael Kors Holdings (KORS) blew past Wall Street expectations on Tuesday with its third quarter…
Men’s Wearhouse Off-Price K&G Division Kills E-Commerce Site
K&G Men’s Company Inc., a subsidiary of Men’s Wearhouse, has shuttered sales through its e-commerce site. The…
Walmart Plans $500 Million Expansion in Canada
Another U.S. retail giant has set its sights on expanding in Canada. Walmart announced Tuesday that it plans…
Press Release: Forever 21 to Open First African Store
U.S. fast fashion retailer Forever 21 is set to open its first store on the African continent in 2014. The…
JCP Sales Up 2% in Q4; First Positive Quarter Since 2011
J.C. Penney (JCP) finally enjoyed its first positive quarterly sales report since 2011. On February 4…
H&M Profits Up 6% in Q4
Hennes & Mauritz AB (H&M) said Thursday that strong year-end sales helped boost profits in the fourth quarter…
Walmart Warns Sales Below Expectations
Walmart issued a warning that its U.S. sales in the last quarter declined and that, as a result, its…
JCP Shares at 52-Week Low; Investors Head for Exit
J.C.Penney’s (JCP) chronic underperformance has rattled increasingly anxious investors, sending the…
Mulberry Warns Profits Continue to Slide; Shares Plummet 25%
Luxury handbag maker Mulberry issued its third profits warning in eighteen months, sending its share price…
Abercrombie & Fitch Ousts CEO Jeffries from Board
Abercrombie & Fitch ousted CEO Mike Jeffries from his position as chairman of the company. Arthur Martinez…