Retail

Conn’s Q1 Net Sets Record

Conn's

THE WOODLANDS, Texas-A huge gain in sales, both total and same-store, took specialty retailer Conn’s to record first-quarter net income of $28.5 million, up 28.4 percent from the first quarter of last year. Net sales in the quarter, which ended on April 30, reached $277.6 million, an increase of 32.6 percent from last year andMore »

West Elm launches its Wedding and Gift Registry

West Elm

NEW YORK–Williams Sonoma’s West Elm brand launched its wedding and gift registry. A tab on the brand’s site leads consumers to the registry page, where they can find, create or manage a registry. West Elm sited 10 reasons why one should register with it, including free design services from its home stylists, the ability toMore »

PBteen Launches Collection with Graffiti Artist Ziegler

Zio Ziegler

SAN FRANCISCO–PBteen has launched an exclusive collaboration with Zio Ziegler, an artist known for his bold, over-sized graffiti-style murals. The Zio Ziegler for PBteen collection takes the best of his signature street style and fine art background and re-imagines it for home furnishings, decor and gear. PBteen launch the Zio Ziegler collection on www.pbteen.com lastMore »

Big Lots Q1 Net Plummets on Discontinued Operations

Big Lots

COLUMBUS, Ohio-Reflecting a $25.2 million loss from its discontinued Canadian and wholesale operations, Big Lots posted first-quarter net income of $3.3 million, down 89.6 percent from the first quarter of last year. After announcing in December that it would exit Canada, which it entered in 2011 with its acquisition of Liquidation World, the retailer woundMore »

Costco Q3 Net Edges Up 3.1 Percent

Costco

ISSAQUAH, Wash.-Upbeat sales, on both a total and same-club basis, helped Costco to a 3.1 percent increase in third-quarter net income, to $473 million. Net sales in the quarter, which ended on May 11, rose 7.1 percent to $25.2 billion, including a companywide 4 percent increase in same-club sales (5 percent for its U.S. clubs).More »

Belk Q1 Net Drops 31.6 Percent

Belk

CHARLOTTE, N.C.-With a difficult sales environment and the company pumping more money into strategic initiatives, Belk’s first-quarter net income fell 31.6 percent to $19.3 million. Net sales for the quarter, which ended on May 3, were essentially flat at $955.1 million, including a same-store sales decrease of 0.2 percent. Tim Belk, chairman and CEO, saidMore »

Gordmans Goes from Profit to Loss in Q1

Gordmans

OMAHA, Neb.-Added costs put Gordmans’ first-quarter bottom line into the red, to the tune of $732,000, compared to net income of $3.2 million for last year’s first quarter. Selling, general and administrative expenses jumped 18 percent in dollars and 346 basis points as a percentage of sales, to 44.3 percent. Operating costs rose as aMore »

Target Forms Digital Advisory Council

Target

MINNEAPOLIS-Seeking to accelerate its omnichannel strategy, Target has created a Digital Advisory Council, consisting of technology industry executives who will help guide the retailer accelerate its digital transformation. The group consists of Ajay Agarwal, managing director of Bain Capital Ventures; Amy Chang, CEO and co-founder of Accompani and former leader of Google Analytics; Roger Liew,More »