New York -- Body Central announced Friday that Thomas W. Stoltz has been promoted to COO and named interim CEO. Stoltz has served as the company's executive VP and CFO since September 2011 and replaces B. Allen Weinstein, the company's former CEO who...
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Canton, Mass. -- Casual Male Retail Group said Friday that second-quarter profit dropped to $1.2 million, from $6.6 million in the year-ago period. Total sales were flat at $100.5 million, and same-store sales edged up 2%. However, continuing strength...
SAN FRANCISCO — Gap Inc. reported that net income for the quarter ended July 28 surged 29% to $243 million, prompting the retailer to raise its guidance for full-year 2012. Sales increased 6% to $3.58 billion, compared with $3.39 billion for the second...
Countless factors affect online shopping, many of which aren't well known, classified or understood. Much like the climate system, online sales vary across different time periods — year, month, week, day, hour — with smaller levels of variability often dismissed as so much "noise." iPads might be trending one day and blenders the next, but over a month-long period, maybe it's towels that are the top seller. Yet what if we could really examine this noise? Isolate it? Explain it?
Macy's took its legal battle over its agreement to exclusively sell certain Martha Stewart items directly to J.C. Penney on Thursday, accusing the rival department store chain of interfering with its contract with the home goods designer. Macy's already successfully persuaded a New York state judge to temporarily block plans for Martha Stewart Living Omnimedia to sell its products at J.C. Penney stores in a lawsuit against Martha Stewart.
Dallas -- A Thursday report by the Wall Street Journal said that Warburg Pincus and TPG, the private-equity owners of Neiman Marcus Group Inc., are looking for an exit. The firms paid $5.1 billion for Neiman Marcus seven years ago; the company is...
Pleasanton, Calif. -- Ross Stores Inc. reported Thursday that net income for the quarter ended July 28 jumped 23% to $182 million, from $148.3 million in the year-ago period. Results met Wall Street expectations, but the company issued profit predictions...
Comedy Central and Urban Outfitters have signed an exclusive retail partnership to bring "The Daily Show" and "The Colbert Report" merchandise to retail locations for the first time. Products from the two comedic news shows, as well as the Indecision...
New York -- Ann Inc. reported Friday that profit for the second quarter rose 24% to $30.7 million, compared with $24.8 million in the year-ago period. Same-store sales companywide increase 4.7%; by brand, Ann Taylor store comps increased 3.2% and Loft...
Things are looking up for Sears Holdings. The company only lost $132 million during its second quarter. The $132 million loss was an improvement from the prior year when the company reported a $146 million loss. Revenues totaled $9.5 billion for the...