Retail

Hall Named Gordmans’ President, CEO

Andrew Hall

OMAHA, Neb.-Gordmans Stores has appointed Andrew T. Hall president and CEO, effective yesterday. Hall has succeeded T. Scott King, Gordmans’ chairman, who served as interim CEO since March. King took the interim CEO post on the retirement of Jeff Gordman, who had been president and CEO since 1996. Hall was president and CEO of StageMore »

Target Q2 Net Falls 61.7 Percent

Target, Facebook Align for Cartwheel App

MINNEAPOLIS-Target’s second-quarter net income plummeted by 61.7 percent to $234 million, as the retailer continues to struggle with its operations and the expenses related to the breach of data from shoppers’ payment cards which occurred in December. During the quarter, which ended on Aug. 2, Target incurred breach-related expenses of $148 million, including an increaseMore »

Lowe’s Q2 Net Up 10.4 Percent

lowe's

MOORESVILLE, N.C.-With home improvement continuing its upward trend, Lowe’s logged a 10.4 percent jump in second-quarter net income, which totaled $1 billion. Net sales in the quarter, which ended on Aug. 1, rose 5.7 percent to $16.6 billion, including a pickup of 4.4 percent in same-store sales. Along with the ongoing strength in home improvementMore »

Home Depot Posts 14.2 Percent Gain in Q2 Net

Home Depot

ATLANTA-A better sales performance and discipline in cost control brought The Home Depot a 14.2 percent increase in second-quarter net income, which totaled $2 billion. Net sales in the quarter, which ended on Aug. 3, were $23.8 billion, up 5.7 percent from last year’s second quarter, and including a pickup of 5.8 percent in same-storeMore »

TJX Q2 Net Rises 7.9 Percent

TJX

FRAMINGHAM, Mass.-Increased sales, especially from its HomeGoods and TJX Europe units, boosted The TJX Cos.’ second-quarter bottom-line total to $517.6 million, up 7.9 percent above the second quarter of last year. Total net sales in the quarter, which ended on Aug. 2, were $6.9 billion, gaining 7.4 percent and including a companywide same-store sales pickupMore »

Dollar General Bids for Family Dollar

Dollar General

GOODLETTSVILLE, Tenn.-A little more than three weeks after Dollar Tree apparently cut a deal to acquire Family Dollar, Dollar General has made its own proposal to purchase its rival dollar-store chain. Dollar General’s bid, which was delivered this morning in a letter to Family Dollar’s board of directors, is for $78.50 a share in cash,More »

Wayfair Files for IPO

Wayfair.com

BOSTON-Online home retailer Wayfair has filed for an initial public offering with the U.S. Securities and Exchange Commission. The number of shares the company will offer, the portion of the shares to be sold by Wayfair and existing stockholders, and the price range for the IPO have yet to be determined, according to a WayfairMore »

J.C. Penney Slashes Q2 Loss as Sales Gain

J.C. Penney

PLANO, Texas-With net sales increasing for the second quarter in a row, J.C. Penney reported a net loss of $172 million in its fiscal second quarter, compared to a net loss of $586 million in the second quarter of last year. Net sales gained 5.1 percent to $2.8 billion in the quarter, which ended onMore »