U.S. retail sales in April recorded their biggest increase in a year as Americans stepped up purchases of automobiles and a range of other goods, suggesting the economy was regaining momentum after growth almost stalled in the first quarter. The Commerce Department said on Friday retail sales jumped 1.3 percent last month, the largest gain since…
In an industry that saw a 15 percent drop in physical retail sales in 2015, one brand continues to grow profits. For the third year in a row, GameStop profits per store increased. The electronics retailer reported profits of $176,000 per store, on average, or nearly 15 percent for each of its more than 6,600…
Donald Trump may have reason to gloat on Twitter again about the latest troubles facing Macy's, the iconic retailer that dumped Trump's clothing line last year. Macy's reported sales for the first quarter on Wednesday that fell more than 7 percent from a year ago and missed forecasts. The company also lowered its sales and earnings…
Microsoft's stores have a warm decor, plenty of helpful staffers and an array of PCs, phones and devices. They could use a few more customers, though. It's hard to know exactly how the stores are doing since Microsoft won't comment on either sales or traffic figures. It is fair to say, though, that it's not uncommon…
Q: What do Dollar Tree, Wayfair and 1-800-Flowers.com have in common? A: Well, for one, they’re all publicly traded retail companies. But also, they were the top three fastest-growing retailers in the United States between the 2014 to 2015 fiscal years, according to our annual list of the 100 fastest-growing retail companies. To compile this…
Total Retail presents its sixth annual ranking of the fastest-growing public retail companies based on year-over-year sales
Contemporary fashion chain Scoop NYC, which abruptly closed its New York City flagship in SoHo last week, is shuttering all 15 stores nationwide, reportedly amid an increase in competition and high rents. Liquidation sales events at the stores began on Saturday, and Scoop.com is also promoting discounts of 10 percent off throughout the site, Women’s Wear…
Sports Authority's loss could be Dick's Sporting Goods' gain, analysts say. Dick's, the nation's largest sporting goods retailer, is the most likely bidder for the majority of Sports Authority store leases that could go to auction next week, a Canaccord Genuity analyst wrote Monday in a research note to clients. Analyst Camilo Lyon's base-case scenario has publicly…
The Limited has launched a brand that could find a niche in a rapidly growing retail sector. Six "Backroom at The Limited" locations quietly opened this year, featuring apparel designed specifically for the new stores but priced lower, said William Acevedo, senior vice president for retail and outlet stores at the New Albany, Ohio-based retailer.
On Tuesday specialty grocer The Fresh Market announced the closure of 13 locations across the U.S. Stores will be closed on May 18, according to a release from the company's public relations department. The grocer will close all of its store locations in Texas, Iowa, Missouri and Kansas. The company currently operates 175 stores in 23…
