Retail

Macy’s Q1 Net Up, Sales Down

Macy’s Inc.

CINCINNATI-In spite of a drop in sales, Macy’s managed to raise its first-quarter net income by 3.2 percent, to $224 million. An improvement in gross margin and reductions in expenses keyed the bottom-line pickup in the quarter, which ended on May 3. Gross margin increased by 10 basis points to 38.9 percent. Selling, general andMore »

Retail Sales Relatively Flat in April

Census Bureau

WASHINGTON-U.S. retail sales totaled $434.6 billion in April, up a bare 0.1 percent from March and 4 percent from April of last year, according to this morning’s monthly retail sales report from the U.S. Census Bureau. The sales figures for the channels that sell home furnishings presented a mixed bag last month. Furniture and homeMore »

Tuesday Morning CEO Ramps Up Turnaround Efforts

Michael Rouleau

DALLAS-Tuesday Morning narrowed its third-quarter net loss from $12.4 million to $8.4 million, and is set to begin what its CEO, Michael Rouleau, termed the final phase of its turnaround. The retailer’s numbers for the quarter, which ended on March 31, improved thanks to increased sales and more effective cost controls. Net sales rose 2.6More »

Macy’s Debuts “American Icons” Campaign

Macy's American Icons

NEW YORK-Beginning on May 14, Macy’s will reprise its American Icons campaign nationwide, which pays homage to the country through specially curated merchandise, launch parties, local country fairs, minor-league baseball events, grilling competitions, a patriotic sweepstakes and a fundraising program to benefit Got Your 6 and veterans causes. The merchandise includes home products and apparelMore »

Rue La La Launches DressingRoom With Home

Rue La La

BOSTON–Rue La La (www.ruelala.com), an online lifestyle shopping destination, is launching DressingRoom, a series of Boutiques that brings to life one stop shopping inspiration for personal style.  Beginning in May, these Boutiques will bring fashion and home decor together into one all-inclusive shopping experience.  Highlighting particular looks or themes ­ preppy, boho, and contemporary ­More »

RH Debuts 13 Source Books for 2014

Restoration Hardware Rebrands Itself as RH

CORTE MADERA, Calif.-RH, the retail arm of Restoration Hardware Holdings, is launching 13 Source Books for this year, “architected around inspiration and categorization,” according to a company statement. The new catalogs, scheduled to come out this month, include four lifestyle books—RH Interiors, RH Outdoor, RH Small Spaces and RH Baby & Child—with ideas and perspectivesMore »

Stein Mart Posts Q1 Sales Gain of 2.1 Percent

Stein Mart

JACKSONVILLE, Fla.-Stein Mart reported first-quarter sales of $328.9 million, up 2.1 percent over the first quarter of last year. The gain included a 2.6 percent increase in same-store sales. A company statement said this included a jump of 8.9 percent in same-store sales in April. The statement credited home and ladies’ apparel with strong performancesMore »

Neiman Marcus Adds Three to Board

NeimanMarcus

DALLAS-Adam Brotman, Philippe Bourguignon and Vivek “Vic” Gundotra have been appointed to the Neiman Marcus board of directors. Brotman is chief Digital Officer for Starbucks, responsible for its core digital businesses including mobile and mobile payments, Web, card, loyalty, e-commerce, wi-fi and the Starbucks Digital Network. Bourguignon is vice chairman of Revolution Places and CEOMore »