Target Q3 Beats on Comp Sales, But Online Sales Miss

Minneapolis—Target today delivered third quarter earnings that met expectations while its comp store increase beat expectations. But disappointing many on Wall Street was a slowdown in its online sales. Target posted third-quarter earnings of 86 cents a share, up from 54 cents a share in the year-earlier period. That was in line with analysts’ forecasts. […]

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Hudson’s Bay Co. Sells $533M of Equity in HBS Global Properties

Toronto–Hudson’s Bay Company said today it has sold some $533 million of its equity in HBS Global Properties, HBC’s real estate joint venture with Simon Property Group, to three third party investors. Proceeds from the equity sale, together with cash on hand, will be used to reduce HBC’s debt $1.08 billion to $500 million. HBC […]

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Fashion Jeweler Etailer Charmed & Chain Adds First In-House Collection: Diamond Jewelry

New York—Charmed & Chain, the etailer specializing in women’s designer fashion jewelry, launched today its first in-house collection, Mined, a “fashion fine jewelry line” consisting of 14K diamond jewelry. The move marks a major evolution in the e-commerce site that Haskell Jewels purchased 50% of in August. Founder Ali Galgano launched Charm & Chain when […]

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