By Marianne Wilson

Articles by author

  • May 24 2017
    A tough February couldn't keep Tilly's down, which reported better-than-expected results for its first quarter. 
     
    The teen apparel and footwear retailer narrowed its loss in the first quarter to $161,000, or 1 cent a share, compared with a net loss of $2.7 million, or 10 cents a share, in the year-ago period. Its results were better than expected. 
     
    Net sales inched up 0.6% to $120.9 million, better easily beating the Street. Same-store sales rose 0.6%.
     
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  • May 24 2017
    Advance Auto Parks turned in a disappointing performance in its first quarter.
     
    The chain reported earnings of $1.46 per share, down from $2.16 per share in the year-ago period. Adjusted EPS was $1.60, far short of the $2.16 per share FactSet consensus. 
     
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  • May 24 2017
    Twenty retail executives traveled to the nation's capitol on Wednesday to voice their opposition to the proposed border adjustment tax (BAT). 
     
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  • May 23 2017
    A current retail CEO and a former one found themselves at odds on Tuesday at a Capitol Hill hearing on the proposed border adjustment tax. 
     
    “Under the new border adjustment tax, American families – your constituents – would pay more so many multinational corporations can pay even less,” said Target CEO Brian Cornell. “Eighty-five percent of Americans shop at Target every year. We believe this new tax would hit those families hard, raising prices on everyday essentials by up to 20%.”
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  • May 23 2017

    Albertsons Companies has added two key hires to help it expand its digital capabilities.   

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  • May 23 2017
    Target Corp. has resolved its 2013 data breach with a deal that represents the largest multi-state data breach settlement in history.
     
    The retailer agreed to pay a total of $18.5 million to settle the case. The money will go to 47 states and the District of Columbia, with California receiving the largest share of  the settlement, more than $1.4 million.  
     
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  • May 23 2017
    Walmart is expanding—and updating—its footprint in the Sunshine State.
     
    The retailer will open nine new stores across Florida in its current fiscal year, creating more than 800 jobs, and also execute a multi-million-dollar capital investment plan by remodeling more than 40 locations across the state. Walmart currently operates 375 stores in Florida.  
     
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  • May 23 2017
    Footwear retailer DSW Inc. fell short on earnings in its first quarter, even as it topped sales estimates.
     
    Net income fell to $23 million, or 28 cents per share, below analyst expectations, from $30.0 million, or 36 cents a share, in the year-ago period. The company incurred pre-tax charges of $4.1 million, related to its acquisition of Ebuys, restructuring costs and foreign exchange loss assumed in the process of pre-funding the upcoming Town Shoes acquisition. 
     
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  • May 23 2017
    Walmart  is stepping up its commitment to its workers who serve in the military by covering the difference when an employee's military salary is less than what the person makes working at the store.
     
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  • May 23 2017
    Sears Holdings Corp. has bought itself a little more time with regard to the maturity of some debt. It also has offloaded some of pension liability.   
     
    The retailer announced on Tuesday it has reached an agreement to repay $100 million of its secured $500 million loan facility at its original maturity in July, and extend the remaining amount until January 2018. The agreement includes an option to extend the maturity for an additional six months, to July 2018.
     
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