Retail

Supreme Court to Hear Walmart Appeal in Discrimination Case

Supreme Court to Hear Walmart Appeal in Discrimination Case

WASHINGTON—The U.S. Supreme Court has agreed to hear Walmart’s appeal of a lower-court decision in Dukes v. Walmart Stores Inc., involving alleged sex discrimination against the world’s largest retailer. The suit was filed in the U.S. Court of Appeals in San Francisco in 2000 by Betty Dukes, a California Walmart employee, who said Walmart hadMore »

Dollar General Net Climbs 69 Percent in Third Quarter

Dollar General Net Climbs 69 Percent in Third Quarter

GOODLETTSVILLE, Tenn.—Increases in both net sales and gross profit helped drive Dollar General to a 69 percent gain in net income in the third quarter, totaling $128.1 million. Net sales rose 10 percent to finish the quarter at $3.2 billion, and gross margin increased 51 basis points to 31.4 percent. While selling, general and administrativeMore »

Macy’s Declares Dec. 10 National Believe Day

Macy’s Declares Dec. 10 National Believe Day

NEW YORK–For the second straight year, Macy’s is celebrating generosity and giving throughout the holiday season by declaring December 10 as National Believe Day. As part of Macy’s ’Believe’ campaign, National Believe Day aims to inspire Americans to embrace the spirit of goodwill, while spreading the holiday season’s message through charitable efforts and kindheartedness towardMore »

Strong November Sales Launch Holiday Season for U.S. Chains

Strong November Sales Launch Holiday Season for U.S. Chains

NEW YORK–Major U.S. retail chains enjoyed a prosperous beginning to the holiday season, reporting same-store sales increases for November. The surprising leaders among the chains tracked by HFN were J.C. Penney with a 9.2 percent increase in same-store sales, and Dillard’s with an 8 percent pickup. Both chains had tended to be among the weakerMore »

Pier 1’s Comp-Store Sales Rise 10.2 Percent in Q3

Pier 1’s Comp-Store Sales Rise 10.2 Percent in Q3

FORT WORTH, Texas–Same-store sales for Pier 1 Imports grew 10.2 percent in the third quarter, according to a preliminary report on its quarterly results from the specialty retailer. The comparable-store increase occurred on top of a 13.7 percent same-store gain in the third quarter of last year. Total sales for the quarter reached $354 million,More »

Belk Posts $4.2 Million Net Loss in Third Quarter

Belk Posts $4.2 Million Net Loss in Third Quarter

CHARLOTTE, N.C.—Department-store retailer Belk reported a net loss of $4.2 million in its fiscal third quarter ending on Oct. 30, as opposed to net income of $400,000 for the third quarter of last year. In a statement on the results, Tim Belk, chairman and chief executive officer, attributed the red bottom line to increased costsMore »

Henri Bendel Holiday Displays Incorporate Crystorama Chandeliers; One Facebook Fan Will Win One

Henri Bendel Holiday Displays Incorporate Crystorama Chandeliers; One Facebook Fan Will Win One

WESTBURY, N.Y.–Crystorama chandeliers are part of Henri Bendel’s The Nutcracker-themed display at its Fifth Avenue store in New York this holiday season.  Made with Swarovski Spectra crystals, the 10 chandeliers are incorporated in both the window and atrium displays of the legendary retailer. Referencing Act 1 of The Nutcracker, the window display reflects a theaterMore »

Cyber Monday Spending Tops $1 Billion

Cyber Monday Spending Tops $1 Billion

RESTON, Va.—U.S. consumers spent more than $1 billion online on Nov. 29, the so-called Cyber Monday, according to comScore, a research firm that tracks web spending and the digital market. Cyber Monday’s online spending total represented a 16 percent increase over Cyber Monday last year, making it the biggest day for online spending in history,More »