Union, N.J. -- Bed Bath & Beyond Inc. reported Wednesday that net income for the quarter ended March 2 increased 14% to $373.9 million, compared with $351 million in the year-ago period. But the retailerโs guidance for the current quarter came up short....
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New York -- A Wednesday report by Reuters said that Jerry Murray, the Wal-Mart finance VP who called the chain's early February sales "a total disaster" in an email made public by Bloomberg, has left the company, effective April 5. Wal-Mart Stores has...
Warby Parker continues its quest to transform the $22 billion U.S. optical industry, reports CNBC's Carl Quintanilla.
At the heart of Ron Johnsonโs plan to turn J.C. Penney into a mini mall of boutiques was the notion that the department store model needed reinvention. Yet while J.C. Penney faced challenges on Johnsonโs arrival โ not least that its middle-income customers had been hit hard by the economic downturn โ other department stores have been thriving without a radical course correction. Exhibit A: Macy's, which has turned in 12 consecutive quarters of sales growth and managed to remain relevant in an age when many brick-and-mortar retailers have lost ground to the web.
FREMONT, Calif. โ Menโs Wearhouse has taken its in-store experience online, with the launch of a new monile website that enables users to browse offerings, find stores and even design a tuxedo with the Build-A-Tux feature, which allows users to choose...
LG Electronics Inc. is expanding the number of its retail stores in emerging markets as it seeks to increase market share in smartphones and gain a stronger global presence in consumer electronics. Executive Vice President Kim Ki-wan said in a recent...
Will a change in leadership at JC Penney help the retailer get their core customers back in the store? Dana Telsey, Telsey Advisory Group, discusses the company's future with former chief Mike Ullman now at the helm.
E-commerce is quickly gaining traction as a quick and affordable entree to China's vast retail market, with U.S. brands Costco and Macy's both reportedly planning big new moves into the space. Their strategy reflects an emerging trend that has big Western chains circumventing the traditional retailing route into China, seeking to avoid the big costs and risks that have led to big losses and retreats for names like Best Buy and Home Depot. But the online strategy also carries its own risks.
Contrary to popular belief, people still do read print magazines. At least, that's the case in Canada, according to Walmart. Walmart Canada has launched a free, 100-page glossy lifestyle magazine just a few days, the Toronto Star reported, after Target...
NAPERVILLE, Ill. & BOCA RATON, Fla. โ OfficeMax and Office Depot have announced the committee members tasked with overseeing the process to select a CEO for the combined company and selection of the executives who will help to manage the integration...