Target Beats Expectations in Q2; Digital Sales Grow 30%

Target’s turnaround strategy seems to be right on target. In fact, this is the sixth consecutive quarter of sales increases. CEO Brian Cornell, who has been at the company for a year, has certainly made an impression, with Target’s Q2 earnings coming in well above Wall Street expectations (piggybacking on Target’s stronger Q1, which reported […]

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Man Buys $10,000 Diamond Earrings After Bloomingdale’s Mistakenly Issues Gift Card

Talk about seizing the moment. A 29-year-old man bought his wife a pair of $10,000 diamond earrings from Bloomingdale’s after the store mistakenly issued him a $25,000 merchandise credit. The earrings were just part of his $17,000 spending spree, which he went on before Bloomingdale’s discovered the mistake and canceled all the cards. How did […]

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Wal-Mart Profit Misses Estimates, Cuts Outlook

Wal-Mart Stores Inc., the world’s largest retailer, reported weaker-than-expected quarterly earnings and lowered its annual forecast, citing higher costs from adding worker hours as well as weaker margins in its U.S. pharmacy business. Shares fell 3.1% to $69.71 to trade at its lowest in 2-1/2 years, according to Reuters. Net profit attributable to the company […]

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QVC To Buy Flash Sale Site Zulily for For $2.4 Billion

Liberty Interactive Corp., the parent company of home shopping network QVC, has agreed to buy flash sales site Zulily Inc. for $2.4 billion in cash and stock. Online retailer Zulily, which launched in 2010 and went public three years later, targets “Millennial moms” with maternity gear, baby clothes and other products. The price represents a […]

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JCPenney Beats Estimates in Indication of Turnaround

J. C. Penney Company Inc. is turning out to the be (not so little) retailer that could, with Zacks Equity Research giving its stock a Buy rating and narrowed losses pointing to a continued upward trajectory. With net sales up 2.7% ($2.88 billion compared to $2.80 billion in the second quarter of 2014), the company […]

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Packaging: The Silent Salesperson

Clever packaging helps retailers display tiny jewelry, merchandise multiples and show how to wear trends. They call packaging the “silent salesperson” and never has this been more important. As jewelry gets smaller, more confusing (ear crawlers!) and often filled with meaning, explanations are often needed to make the sale. As retailers are increasingly stretched in […]

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American Eagle Outfitters Takes BTS to Next Level

As kids across the nation get ready for back to school, many in the neediest school communities are held back, all which impacts learning. To help, American Eagle Outfitters and STATE Bags are donating 20,000 new STATE backpacks (plus thousands of school supplies) to needy students served by Teach For America, allowing them to enter […]

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Nordstrom: 4th Consecutive Quarter of Growth

Nordstrom, Inc. reported Q2 earnings and once again, the news was good. Meeting expectations, total net sales increased 9.2%, marking the fourth consecutive quarter of high-single-digit growth. Q2 net earnings were $211 million and earnings before interest and taxes were $377 million, or 10.5% of net sales. The Company’s strategic growth investments, including its entry […]

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LAST CHANCE to be Part of Accessories Magazine’s Holiday Gift Guide

After our editors have toasted the holidays at all the “Xmas in July” previews, posed with Santa and sipped eggnog, Accessories is launching its first-ever Holiday Gift Guide! This sponsored section will give retailers a peek into some of the best items for their holiday buys! This special online spotlight will feature holiday gifts of […]

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