Bentonville, AR—Walmart surprised many today with an earnings report that beat analysts’ forecasts as comp store sales rose for the fifth straight quarter. ]Third quarter earnings were $1.03 a share beating the consensus estimate of 97 cents by 6.2%. However, it declined 10.4% from the year-ago earnings from continuing operations of $1.15 per share. Earnings […]

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Framingham, MA—TJX Co. scored another strong earnings report, one of the better ones from a retailer during earnings week: the off-pricer beat profit and sales forecasts. For the three months ended Oct. 31, the parent of TJ Maxx and Marshalls posted earnings of 86 cents a share on $7.8 million in revenue compared with 85 […]

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Due to popular demand, Accessories Magazine’s Fall/Winter 2016/17 trends are now available for download. Price only $85. Are you an accessories designer planning your Fall/Winter 2016/17 line? A retailer developing private-label collections for next year? A blogger looking for the advanced scoop on next year’s trends? Or just a die-hard fashion accessories aficionado? Then get […]

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Menomonee Falls, WI—Kohl’s announced today that Sona Chawla, a former Walgreens executive, has been named its new chief operating officer. Chawla will oversee the integration of Kohls’ stores and digital business. And in a rare instance of public competition, Kohl’s said Chawla, along with chief merchandising and customer officer Michelle Gass, would be the two […]

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Washington—Nine attorneys general sent a letter to top credit card companies and banks on Monday calling for the use of personal identification numbers rather than signatures to approve purchases made with new chip-based credit cards. The request was made in a letter sent today by the attorneys general of Connecticut, Illinois, Maine, Massachusetts, New York, […]

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Little Rock, AR—In the same disappointing as other retailers have been reporting during third quarter earnings week, Dillard’s Inc. today posted a sales and profit decline. For the three months ended Oct. 31, the department store company posted a profit of $45.7 million, or $1.19 a share, down from $55.2 million, or $1.30, a year […]

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New York–The 2015 International Council of Shopping Centers (ICSC) Black Friday Shopping Study shows more than 7 in 10 Americans (71%) are planning to make holiday purchases over the Thanksgiving holiday period, aka Black Weekend. Furthermore, 59% plan to make a purchase at a physical store over the weekend (Thursday to Sunday, Nov. 26 to […]

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Philadelphia—In a move to diversify that left many analysts scratching their heads in wonderment, Urban Outfitters Inc. announced today it has entered into an agreement to acquire substantially all The Vetri Family group of restaurants including award winning Pizzeria Vetri. Tremendous Opportunity? Terms of the acquisition went undisclosed. The Vetri Family group is run by […]

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Plano, TX—JCPenney today posted better better-than-expected third quarter sales, helped by demand for home, footwear, handbags and a strong performance by the Sephora shops in its stores. For the three months ended Oct. 31, the department’s net loss narrowed to $137 million, or 45 cents a share, from $188 million, or 62 cents a share, […]

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Richardson, TX– Only weeks after introducing its first smartwatch collection, Fossil Group, Inc. announced Thursday that it plans to buy Misfit Inc. an innovator in wearable technology and stylish connected devices, for $260 million in cash and bank debt. The acquisition will enable Fossil to expand its offering of fashionable connected accessories. Misfit brings to […]

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