Walmart Surprises with Profit Beat, Comp Store Increase

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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TJX Scores Q3 Profit, Sales Rise, Beats Estimates

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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Trend Webinar: Fall/Winter 2016/17 Now on Demand

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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Kohl’s Appoints COO, Who Will Be Competing for Future CEO Role

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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Attorneys General Call for PIN Numbers on New Credit Cards

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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