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Reuters reported that GAP Inc will buy women's fashion boutique Intermix Inc for $130 million to enter the luxury clothes market, the Wall Street Journal reported. Officials with Gap could not be reached for comment outside regular U.S. business hours.
Costco Wholesale, Macy's, and Target were among the largest U.S. retailers to report December same-store sales on Thursday, highlighting both hits and misses in a still unsteady U.S. economy. Offering a glimpse of how cash-strapped consumers fared...
Quiksilver Inc. (ZQK: Quote) announced its Board has appointed Andy Mooney as President and Chief Executive Officer, succeeding Quiksilver's co-founder Bob McKnight, who has been named Executive Chairman. Mooney will also join the Quiksilver Board of...
Women's apparel retailer Bebe Stores Inc. named retail industry veteran Steve Birkhold as its new chief executive as it looks to turn around its business amid declines in same-store sales. The company also reported weaker-than-expected second-quarter sales, hit by a 15 percent drop in same-store traffic. Birkhold, who replaces founder Manny Mashouf, joins Bebe from French fashion brand Lacoste, where he was heading its North American business.
Barnes & Noble (NYSE: BKS) today reported holiday sales for the nine-week holiday period ending December 29, 2012. The Retail segment, which consists of the Barnes & Noble bookstores and BN.com businesses, had revenues of $1.2 billion, decreasing 10.9%...
CINCINNATI -- Macy?s, Inc. (NYSE: M) today reported total sales of $5.102 billion for the five weeks ended Dec. 29, 2012, an increase of 3.6 percent compared with total sales of $4.923 billion in the five weeks ended Dec. 31, 2011. On a same-store basis,...
Retail Same Store Sales Up 8%, Wholesale Same Store Sales Up 5%, Intl Same Store Sales Up 37% FORT WORTH, Texas, Jan. 3, 2013 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. reported today that sales for the month of December were $7.6 million, up 5%...
Quiksilver, Inc. today announced that its board of directors has appointed Andy Mooney as president and chief executive officer, succeeding Quiksilver's Co-Founder Bob McKnight, who has been named executive chairman. Mooney will also join the company's board of directors. All of these changes will become effective Jan. 11, 2013.
CHARLOTTE, N.C., Jan. 3, 2013 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales for the five weeks ended December 29, 2012 of $103.3 million, a 4% decrease from sales of $107.5 million for the five weeks ended December 31, 2011....
Greenwillow, Ohio-based Dots LLC has launched a new e-commerce website. Complementing its bricks-and-mortar business, the new e-commerce site reflects the fresh, new look of the retailer’s stores. It includes all current offerings in sizes 0-24, along...
