Retail Stores
February 23, 2011
Macy’s reported that net income jumped 50 percent in the fourth quarter ended Jan. 29, and projected its full-year profit would meet Wall Street expectations. After a strong holiday season, the retailer earned $667 million in the fourth quarter, compared with $445 million in the year-ago period.
February 23, 2011
Saks returned to profitability in its fiscal fourth quarter as it sold more items at full-price and used fewer promotions. The New York company reported net income of $25 million, or 14 cents per share, for the period ended Jan. 29.
February 23, 2011
Dillard's said that its net income grew 38 percent in the fourth quarter as its sales improved and it better controlled expenses and inventory, sending shares up sharply in after-hours trading.
February 22, 2011
Black Friday is known as the official start of the holiday shopping season. Presidents Day also marks a retail landmark, albeit a less-known one: the start of the secondary sales.
February 21, 2011
Kmart will debut LYS — Love Your Style, Love Your Size — this month, a new and exclusive plus-size apparel line. The collection features trend-forward separates designed to flatter plus-size women of all shapes and sizes.
February 21, 2011
NASCAR is locking in its biggest ever retail promotion with the world's biggest retailer, with CNBC's Darren Rovell, and Brian Sozzi, Wall Street Strategies.
February 21, 2011
American Eagle Outfitters announced a campaign in partnership with FEED Projects to launch a new line available online and at its stores that will benefit the U.S. Fund for UNICEF. American Eagle is now offering FEED Guatemala bags in more than 400 of its stores across the country.
February 21, 2011
Luxottica Group announced it's entered into an agreement in which it will acquire Stanza and High Tech, two sunglass speciality retail chains totaling more than 70 stores in Mexico.
February 21, 2011
Discount grocer Aldi has opened its first-ever New York City-area store in the borough of Queens. The store, which is located in Rego Park, marks the first of three grocery stores the company plans to open in New York, including new locations in the Bronx and Bay Shore, Long Island.
February 18, 2011
Brown Shoe Company said it's acquired privately held athletic shoe maker American Sporting Goods Corp. for $145 million. The acquisition broadens the reach of Brown Shoe, which makes Dr. Scholl's, LifeStride, Franco Sarto and other brands and operates Naturalizer and Famous Footwear stores.
