Dollar General Corp. has begun upgrading many of its stores, with the hopes of attracting a wider demographic, including more affluent consumers, according to the Financial Times.
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Lida Orzeck co-founded her intimate apparel company 33 years ago. Last year she finally took the company online to retail customers.
Tiffany & Co.'s fiscal third-quarter profit climbed 27 percent, and core results handily topped analysts' expectations as sales and margins rose.
Footwear discount retailer DSW Inc.'s fiscal third-quarter earnings rose by one-third on higher sales. The company again raised its current-year forecast, now projecting earnings of $2.30 to $2.40 a share on same-store sales growth of about 12 percent.
Belk, a 305-unit department store chain, has embarked on a three-year, $150 million IT transformation designed to enhance the retailer's business capabilities and performance.
J. Crew says it will be taken private in a $3 billion deal with two investment firms, including its former parent TPG Capital.
Technology upgrades that include website enhancements and the addition of WiFi capabilities in stores were part of $69 million Nordstrom invested in retail operations during the third quarter.
For over two decades, Americans bought big, bought more and stocked up. They were confident that bulk shopping, often on credit, provided the best value for their money. But the long recession — with its high unemployment, plummeting home values and depleted savings accounts — altered the way many people think about the future.
In addition to expanding online sales and opening more boutiques, the new CEO of Betsey Johnson LLC, Susan Falk, says she plans to expand the range of the label's dresses, which she feels have been looking too young and "a little too short."