Target Corp. reported a 26% drop in its first-quarter profit as unseasonably cool weather, the payroll tax increase and other economic pressures took a toll on sales.

 

Saks Incorporated reported a roughly 5% increase in total sales between first quarter 2012 and first quarter 2013, although net income dropped during that same time period.

 

Best Buy reported a net loss of almost 10% for first quarter fiscal 2014, seeing its revenue drop from roughly $10.34 billion the prior year to $9.38 billion.

 

Latest News

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Web Exclusives/Guest Commentaries

May 21, 2013
By George Hoffman, FineLine Technologies, Inc.
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May 14, 2013
By Liz Moughan, Kronos Incorporated
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May 08, 2013
By Nicholas J. Percoco, Trustwave
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Exclusive Video: A Behind-the-Scenes Look at Von Maur

Chain Store Age Talks Strategy With Von Maur’s Jim von Maur

Jim von Maur, president of Von Maur department stores, based in Davenport, Iowa, sat down with Chain Store Age senior editor Katherine Boccaccio for an exclusive video interview in which he discussed the company’s growth strategy, technology investments, and the burgeoning e-commerce business.

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Editor's Viewpoint

Retailers Must ‘Think Visual’

By Dan Berthiaume, senior editor, Chain Store Age

Among the many albums released by legendary rock band The Kinks, “Think Visual” stands as a forgettable collection of generic hard rock songs released in the mid-1980s, when the British Invasion pioneers were long past their creative prime and worn down from years of infighting. See full story.

Hot Concepts

Marks & Spencer Combines Clicks & Bricks in Amsterdam

British retailer Marks & Spencer takes a giant leap forward in its goal to becoming a multichannel leader with the opening of its new concept store in Amsterdam. Read More

More Hot Concepts

Store of the Week

Yummy Market, Vaughn, Canada

Yummy Market, in the Toronto suburb of Vaughn, offers a European-styled shopping experience. More ...

More Multimedia

Slideshow: Retail Store of the Year Winners

Chain Store Age presents an in-depth look at the winners of its 2012 Retail Store of the Year design competition, with individual slideshows of 34 stores from around the world.

Click here to view slideshows.

 

Poll

Do you think replacing Ron Johnson as CEO of J.C. Penney with his predecessor, Myron Ullman, was a good business decision?

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