Kohl’s Profit Dips 20%; Plans to Test Small Store Formats

Kohl’s Corp. announced a 20% dip in Q4 profit on continued mediocre sales growth. It also announced plans to close 18 underperforming locations and test a new smaller format store. Kohl’s revenue guidance for 2016 was below Wall Street expectations, according to MarketWatch. Kohl’s expects 2016 sales between -0.5% and +0.5%, compared with analyst estimates […]

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Talking Handbags with Handbag Designer 101’s Emily Blumenthal

As Handbag Designer 101 gears up for its 10th Annual Independent Handbag Designer Awards (winners are announced June 15th), we caught up with Handbag Designer 101 founder Emily Blumenthal to talk handbags, the awards, and her growing e-commerce site handbagdesigner101.com. What has changed since you launched your first Independent Handbag Designer Awards to today? We […]

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AAFA Announces 2016 American Image Honorees

The American Apparel & Footwear Association (AAFA) has announced Joseph Abboud, BBC International LLC; Shinola Detroit; Christian Siriano; and Iris Apfel as its 2016 American Image Awards honorees. The awards will be presented May 24 at the 38th Annual American Image Awards in New York City. Hal Rubenstein, founding editor of InStyle magazine, will emcee […]

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TJX Beats Estimates; Records 20th Year of Consecutive Comp Growth

TJX Cos. announced Q4 earnings that beat estimates, according to MarketWatch. According to CEO and president Ernie Hermann, 2015 marks the company’s 20th consecutive year of comp sales increases and earnings per share. The off-price retailer had net income of $666.5 million, or 99 cents per share, on $8.96 billion of revenue (FactSet consensus was 94 […]

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Target Reports Q4 Growth; Digital Sales Up 34%

Target has released its Q4 earnings as well as earnings for all of 2015. In summary: Fourth quarter comparable sales increased 1.9%, driven by traffic growth of 1.3%. Digital channel sales increased 34%, contributing 1.3 percentage points to comparable sales growth. Fourth quarter comparable sales in signature categories (Style, Baby, Kids and Wellness) grew more […]

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Macy’s Stock Rises; In-Store Backstage Outlets Planned

Macy’s, Inc. reported fiscal 2015 earnings per diluted share of $3.22. The company’s Q4 and full-year sales and earnings exceed the company’s most recent guidance. “While 2015 was challenging, our sales trend improved in January as the weather turned colder in northern climate zones and Macy’s and Bloomingdale’s were well-stocked in coats, boots, sweaters, gloves, […]

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Dillard’s Q4 Misses Estimates; Accessories Sales Stronger

Dillard’s, Inc. released its earnings, reporting 2.25 EPS for the quarter, missing the Zacks’ consensus estimate of $2.48 by $0.23, according to MarketBeat.Com. Even so, the company traded up 8.2% today, according to SeekingAlpha, despite a lack of any sales guidance or conference call commentary. Dillard’s shares are at a year peak. Net sales for […]

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