Dillard’s generates moderate increase in home and furniture margins
Little Rock, Ark. – Dillard’s retail sales contracted slightly during the first quarter in an environment that department store retailer described as “challenging.” For the quarter ended May 4, retail...
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A big box with residential touches: Wayfair shows off new Chicago store
Wilmette, Ill. – E-commerce home furnishings giant Wayfair is set to cement itself in the brick-and-mortar world when its first major store opens near Chicago next week. At 150,000 square feet and...
View ArticleHeavy hitters in home teed up to report Q1 results this week
New York – Five major home textiles retailers will lay out their plans for the next three quarters during their quarterly review calls with investors over the next few days. Collectively, the group...
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Macy’s beats Q1 expectations, touts “Bold New Chapter” progress
New York – Just 90 days into its “Bold New Chapter” strategy, Macy’s is encouraged by sales at a group of pilot stores serving as laboratories for its new initiatives. The test group of Macy’s...
View ArticleWhere are retailers’ pain points? TD Bank survey offers insights
High Point, N.C. — A survey conducted by TD Bank during April’s High Point Market queried attendees about their outlook for the next six months, pain points and reasons for optimism. Head of TD-owned...
View ArticleNew survey finds that Americans are willing to spend thousands more to shop...
Americans want to see their main street thriving, and many are willing to do their part to keep local shops in business, according to new research commissioned by online wholesale marketplace Faire. In...
View ArticleProfits leap ahead in Q1 for Williams Sonoma
San Francisco — Top 50 retailer Williams-Sonoma Inc.’s profits jumped nearly 70% in the first quarter of Fiscal 2024, even as net revenues lagged 2023 levels. Net revenues for the three months ended...
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Target CEO: ‘We are firmly on track’
Minneapolis – Target Corporation saw continuing improvement in discretionary business during the first quarter, especially in apparel. Home and hardlines, however, remained soft. During Q1, Target...
View ArticleWayfair adding Birch Lane to Western Florida hotspot
Boston — On the heels of the opening of its largest showroom, Wayfair’s brick-and-mortar expansion continues as it will open a Birch Lane store in Naples, Fla., in the summer. First reported by the...
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Home sweet home. Category outperforms at TJX during Q1
Framingham, Mass. – Transactions drove comp increases at each of TJX Cos.’s divisions during the first quarter. Overall comp store sales increased 3%, at the high end of the company’s plan, and both...
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Wayfair’s first-ever large format store has officially opened
Wilmette, Ill. – Wayfair’s first ever large-format store has officially opened in the Chicago suburb of Wilmette. Spanning 150,000 square feet, Wayfair hails the two-story has being a one-stop shopping...
View ArticleBJ’s Wholesale generates solid boost on top-line metrics
Marlborough, Mass. – Healthy increases in membership, traffic and unit volume propelled revenue growth at BJ’s Wholesale Club during the first quarter. Net sales were up 4.0% to $4.8 billion for the...
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Ross Stores on the hunt for more brands, raises profit forecast
Dublin, Calif. – Ross Stores Inc. remains focused on adding more value-priced brands to its assortment following a solid Q1 performance. Sales for the quarter ended May 4 rose 8% to $4.9 billion, with...
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Citi Trends encouraged by top-line traction in Q1
Savannah, Ga. – Citi Trends, the 599-unit specialty retailer of apparel, accessories and home, comes out of the first quarter focused on profitable growth. Total sales for the first quarter ended May 4...
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Family Dollar on the block for 2nd time in 9 years
Chesapeake, Va. – Dollar Tree Inc. has decided to put its focus on its namesake hard discount chain. The company announced this morning that it has initiated a formal review of strategic alternatives...
View ArticleChanges at the top as Ollie’s announces CEO succession plan
Harrisburg, Pa. – As Ollie’s Bargain Outlet CEO John Swygert prepares to transition out of day-to-day management, the retailer has brought on one new exec and promoted two others. Swygert, who became...
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How Ollie’s Bargain Outlets slammed it out of the park during Q1
Harrisburg, Pa. – Ollie’s bested expectations on both the top and bottom lines, with profit jumping nearly 50% during the first quarter. Net sales rose nearly 11% to $508.8 million for the close-out...
View ArticleQ1 earnings hit the mark at Dollar Tree Inc. as store closings roll forward
Chesapeake, Va. – Dollar Tree Inc. did some house cleaning during the first quarter, closing nearly 57% of the 970 Family Dollar units it plans to shutter by the end of the fiscal year. As part of its...
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Big Lots’ loss lessens in Q1; officials optimistic about year’s end
Columbus, Ohio — While its core customers remain financially strained by inflation and other factors, Top 50 retailer Big Lots posted another loss in the first quarter of fiscal 2024. However, those...
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Big e-commerce decline negates in-store sales gain for Kirkland’s in Q1
Logo supplied by PRNewsfoto/Kirkland’s, Inc. Nashville, Tenn. — With brick-and-mortar stores showing a comparable store sales gain of 2.8% in the first quarter, specialty home décor and furnishings...
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