Ollie’s gets a lift from new stores, but comps take a dip
Harrisburg, Pa. – Ollie’s Bargain Outlet trimmed its full-year forecast this morning after reporting its third quarter results. On the top line, the close-out chain’s net sales climbed 7.8% to $517.4...
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5 key takeaways from Macy’s Inc. Q3
New York – Macy’s Inc. execs pointed to green shoots after consolidated sales and profits declined in the third quarter. The company saw consistent sales growth in at its Macy’s First 50 locations and...
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Scandia scores big. Brings ‘the Hermès of cotton’ into bedding
New York – Extra long staple Sea Island Cotton is so scarce that it accounts for just 0.0004% of all the cotton produced in the world, a mere 150 bales per year. For years, that production has been...
View ArticleRH revenues ahead 8% in third quarter
Corte Madera, Calif. — Top 50 retailer RH beat its year-over-year sales figures by 8.1% in the third quarter of FY2024 and posted a profit, reversing a loss from a year ago. For the three months ended...
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Presents of Mine | The Warren Report
My oh my. Where has the time gone? Hard to believe we are at the end of yet another year – harder still to believe we made it through this one, right? So that means it’s all about the annual bestowing...
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5 Events that Stood Out in 2024 | The Thread
Perhaps the best that could be said about 2024 is that it was somewhat better than 2023, which was pretty awful. This year delivered another cycle of upheaval for the industry, which has endured...
View ArticleGet ready. The NRF estimates 157.2 million people will be shopping this Saturday
Washington – According to the annual survey released earlier this week by the National Retail Federation (NRF) and Prosper Insights & Analytics, an estimated 157.2 million consumers plan to shop on...
View ArticleBurlington heading to former Bed Bath flagship space in NYC
New York – The iconic Chelsea District building where the legacy Bed Bath & Beyond chain first planted its flag in Manhattan will welcome a new tenant next spring. Burlington Stores is set to move...
View ArticleDollar Tree names permanent CEO
Chesapeake, Va. – Dollar Tree Inc.’s new CEO joined the company 26 months ago and has been serving as interim CEO since last month. This morning, the extreme value retailer announced that Micheal...
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The Company Store debuts new bedding from Rifle Paper
Winter Parks, Fla. – Rifle Paper Co. and The Company Store have partnered on a new collection. According to the companies, the new bedding and sleepwear are “designed to bring beauty to the everyday.”...
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JCPenney ekes out operating profit as sales contract again
Plano, Texas – Top-line weakness continued at JCPenney during the third quarter, although traffic trends showed improvement during the Back-to-School season. The company made strategic investments in...
View ArticleSurvey says Americans turning to Chinese marketplaces for holiday shopping
Charleston, S.C. — A recent survey conducted by SMS and email marketing platform Omnisend indicates that as American consumers are tightening their holiday shopping budgets, they’re turning to Chinese...
View ArticleWith Nexus deal in doubt, Big Lots prepares going out of business sales
Columbus, Ohio — Top 50 retailer Big Lots announced on Dec. 19 that it does not anticipate completing its previously announced asset purchase agreement with Nexus Capital Management. However, it...
View ArticleIkea reveals which home category dominated its online searches
Leiden, The Netherlands — Storage solutions were the top online searches among Ikea shoppers this year, pointing to a growing preference for home organization. According to Ikea Retail, the three...
View ArticleBig Lots’ CEO and senior execs ousted among corporate lay-off sweep
Columbus, Ohio — Top 50 retailer Big Lots will lay off up to 555 corporate employees in Ohio according to a WARN notice posted Dec. 19. Among the posts included in the layoffs is the president and CEO...
View ArticleThorn letter to employees details Big Lots closings, layoffs
Columbus, Ohio — A letter to employees from President and CEO Bruce Thorn provides more details for Top 100 retailer Big Lots’ store closings strategy and consequent layoffs. (See: Big Lots’ CEO and...
View ArticleDespite healthy Black Friday, Cyber Monday reports, holiday sales may not be...
Chicago – According to consumer behavior and trend tracker Circana, U.S. discretionary general merchandise spending at retail over the combined weeks of Black Friday and Cyber Monday increased 3.7...
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Beyond completes sale of corporate headquarters
Midvale, Utah — Beyond, Inc., owner of Bed Bath & Beyond, Overstock.com, Zulily and other online retail brands, announced that it completed the sale of its corporate headquarters to Salt Lake...
View ArticleRH expands footprint along California’s Central Coast
Corte Madera, Calif. — Top 100 retailer RH opened its latest showroom, RH Montecito, The Gallery at The Old Firehouse just north of Santa Barbara. The space, located at 1486 East Valley Road, is a...
View ArticleThe Container Store files for bankruptcy
Coppell, Texas — The Container Store, in business since 1978, filed for pre-packaged Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the Southern District of Texas yesterday, the latest...
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