Retail

Dillard’s Net Jumps 80 Percent in Third Quarter

Dillard’s Net Jumps 80 Percent in Third Quarter

LITTLE ROCK, Ark.–Third-quarter net income for Dillard’s rose 80 percent to $14.4 million, thanks to the retailer’s efforts and inventory and expense controls. Controls on inventory, which for comparable stores declined 2 percent, helped push up gross margin by 190 basis points to 36.3 percent. Advertising, selling, administrative and general expenses edged down 0.9 percentMore »

Net Income Flat for Kohl’s in Third Quarter

Net Income Flat for Kohl’s in Third Quarter

MENOMONEE FALLS, Wis.–Kohl’s registered net income of $194 million for the third quarter ending Oct. 30, one-half of 1 percent above the retailer’s net for last year’s third quarter. The company’s flat bottom-line performance occurred largely because of an 8.4 percent bump up in selling, general and administrative expenses—which also finished the quarter at 26.4More »

Macy’s Reverses Loss, Posts $10 Million Profit in Q3

Macy’s Reverses Loss, Posts $10 Million Profit in Q3

CINCINNATI–Macy’s reported net income of $10 million for the third quarter ending Oct. 30, 2010, turning around a $35 million loss from the third quarter of last year. The department-store retailer managed to go from red to black largely because of the absence this year of costs for division consolidation—which in the third quarter ofMore »

Davis Named Walmart Treasurer

Davis Named Walmart Treasurer

BENTONVILLE, Ark.–Jeff Davis has been promoted to senior vice president and treasurer of Walmart Stores. Davis will succeed Charles Holley, who was recently promoted to executive vice president and chief financial officer. Both Davis and Holley will assume their new roles on Dec. 1. Davis will oversee treasury operations, capital markets, investor relations and riskMore »

CMO Survey Projects Retail Sales Increase During Holidays

Holidays Shoppers Retail Sales

CHICAGO–U.S. retailers expect their same-store sales to increase by 2.83 percent and their overall sales to grow 3.51 percent during the upcoming holiday season, according to a survey of retail chief marketing officers conducted by financial consulting firm BDO USA. The participating executives based their appraisal on their companies’ inventory purchases for the holidays, whichMore »

LIMA to Present Webinar on License Evaluation

LIMA to Present Webinar on License Evaluation

NEW YORK–The International Licensing Industry Merchandisers’ Association will offer “Should I Take This License or Not?”, a Webinar on the decision to take or not take on a license. The Webinar is scheduled for Nov. 17, from noon to 1:30 p.m. Rick Mallow, founder of Making Connections, and Will Thompson, vice president of licensing atMore »

Sears Wish Book Goes Mobile

Sears Wish Book Goes Mobile

HOFFMAN ESTATES, Ill.–Sears has enhanced its popular Wish Book with new social shopping capabilities, allowing customers to see hot-trending products, get feedback on potential purchases and share lists with their friends and family. Customers can choose to shop the traditional Wish Book catalog, online at Sears.com/wishbook or via their smartphone devices, iPad or through Facebook.More »

Sam’s Club Debuts Smart-Phone App

Sam’s Club Debuts Smart-Phone App

BENTONVILLE, Ark.—Sam’s Club has launched a new smart-phone application for shoppers, which can be downloaded from iPhone, Android and BlackBerry app markets. Called Sam’s Club App, the new feature provides access to product information, club member reviews of products and eValues, which are customized discounts automatically loaded on the membership cards of Sam’s Club members.More »