Retail

Dillard’s Finishes Second Quarter in the Black

Dillard’s Finishes Second Quarter in the Black

LITTLE ROCK, Ark.—Dillard’s reversed a second-quarter 2009 net loss of $26.7 million by turning in net income of $6.8 million in this year’s second quarter. Total merchandise sales in the quarter edged down 1 percent to less than $1.4 billion. But Dillard’s chopped 1.2 percent from advertising, selling, general and administrative expenses in the quarter.More »

Kohl’s Posts 13.5 Percent Gain in Second-Quarter Profit

Kohl’s Posts 13.5 Percent Gain in Second-Quarter Profit

MENOMONEE FALLS, Wis.—Second-quarter net income for Kohl’s shot up 13.5 percent to $260 million. Net sales for the department-store retailer rose 7.7 percent to $4.1 billion, which included a 4.6 percent increase in same-store sales. Kevin Mansell, chairman, president and chief executive officer, said the pickup in both total sales and comparable-store sales continued Kohl’sMore »

Macy’s Net Balloons Second Quarter

Macy’s Net Balloons Second Quarter

CINCINNATI—Macy’s enjoyed a 2,000 percent increase in its net income in the second quarter, to $147 million. The result was due to a 7.2 percent gain in net sales, to $5.5 billion, and the absence of a $34 million charge from last year’s second quarter related to restructuring costs and expenses from the retailer’s divisionMore »

Bufano Named Belk President and Chief Merchant

Bufano Named Belk President and Chief Merchant

CHARLOTTE, N.C.—Belk’s appointment of Kathryn Bufano as president and chief merchandising officer yesterday marks an historic event for the company, the largest privately held department store in the country. Bufano, who joined Belk two years ago following stints at a number of specialty and department store operations, is believed to be the first non-family memberMore »

Sam’s Club to Debut Wi-Fi in U.S. Stores

Sam’s Club to Debut Wi-Fi in U.S. Stores

BENTONVILLE, Ark.—Sam’s Club will offer Wi-Fi access in all of its U.S. locations by November. In an announcement at its annual holiday meeting in Orlando, the warehouse-club retailer said the AT&T-provided service will allow greater access for club members to Wi-Fi through their smart phones while shopping as well as provide access for shoppers toMore »

J.C. Penney Begins Liz Claiborne Rollout

J.C. Penney Begins Liz Claiborne Rollout

PLANO, Texas – The first exclusive products bearing the Liz Claiborne label – in women’s and men’s apparel – begin turning up on J.C. Penney shelves this week, part of a massive roll-out of the brand that will spread to home next January. Some 30 different product classifications are included in the program, which positionsMore »

NRF Predicts 15 Percent Gain In Import Cargo Volume for 2010

NRF Predicts 15 Percent Gain In Import Cargo Volume for 2010

WASHINGTON—Import cargo volume at the nation’s retail container ports should rise 15 percent in 2010 to 14.5 million containers, according to a forecast from the National Retail Federation and Hackett Associates. In its monthly Global Port Tracker, the two organizations based their call on the fact that, through the first half of this year, importMore »