Kearney, Neb. -- The Buckle said that its fourth-quarter net income increased 9%, topping Wall Street expectations. For the quarter ended Feb. 2, the retailer earned $61.4 million, up from $56.1 million in the same quarter last year. Net sales for the...
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NEW YORK โ Aeropostale reported that net sales for the fourth quarter decreased 1% to $797.7 million, from $808.4 million in the year ago period. Fourth quarter comparable sales, including the e-commerce channel, decreased 8% compared with a 7% decrease...
It looks like Americans are ready to open up their wallets again. According to a new report from the Commerce Department, retail spending is up 1.1 percent from January and 4.6 percent from February 2012. That's the biggest rise in five months, according to Reuters, far better than the 0.5 percent boost economists had predicted. Paired with last month's positive jobs report, does this mean the U.S. economy is on the mend?
PayPal efforts to process more mobile payments โ online and in the real world โ are gaining steam. Almost a year ago, the company unveiled PayPal Here, a small triangular device that plugs into smartphones to let small merchants accept credit and debit cards. The launch put PayPal in direct competition with start-up Square Inc and was a coming out party of sorts for David Marcus, the new president of PayPal.
Retail websites account for more than half of the top 20 most visible advertisers in Google paid search, according to a new report from Searchmetrics. Question answering site Ask.com actually takes top spot for paid search, with Amazon and Zappos taking second and third respectively. The findings come from a study into the top 20 most visible sites in paid search on Google.com and a similar list for the top performers in organic search.
Senior executives from Yahoo! and Ecolab are the newest members of the board of directors at Target. The retailer late Wednesday announced the addition of Douglas M. Baker, Jr., chairman and CEO of Ecolab Inc., and Henrique De Castro, COO of Yahoo!...
Pep Boys has announced that Robert Rosenblatt and Andrea Weiss have joined its board of directors. With these appointments, Pep Boys has increased the current size of its board from seven to nine directors. Rosenblatt is president of ideeli, a members-only e-retailer that sells women's fashion and dรฉcor items during limited-time sales and CEO of Rosenblatt Consulting LLC, a retail consulting firm.
BALDWYN, Miss. โ Hancock Fabrics has announced that James B. Brown will be joining Hancock Fabrics as EVP and CFO on March 18, reporting to Steve Morgan, president and CEO. Brown will oversee the areas of accounting-finance, loss prevention, IT, human...
CITY OF INDUSTRY, Calif. โ Teen retailer Hot Topic reported net income in the fourth quarter of $12.1 million, or 29 cents per share, compared with net income of $9 million, or 21 cents per share, for the fourth quarter of fiscal year 2011. Total sales...
Unable to recover from a slow start to the fourth quarter, Menโs Wearhouse reported a 1% same store sales increase and a worse than expected loss of 7 cents a share. Menโs Wearhouse had previously lowered its fourth quarter expectation in early December...