Target on Wednesday reported a net loss of $2.6 billion (pre-tax loss of $5.1 billion) in its fourth quarter due to the impact of its exit from Canada, compared to a $520 million gain year-ago period.
The TJX Cos. on Wednesday reported an 11% rise in fourth quarter profit and said it would raise employee pay above the minimum wage.
Lowe's Cos. reported net earnings of $450 million for the fourth quarter ended Jan. 30, a 47.0% increase over the year-ago period.
Sears Canada Inc. swung from profit to loss in a dismal fourth quarter of fiscal 2014.
Despite falling net income, Lumber Liquidators Inc. plans to open 30-35 new stores and remodel 15-20 stores, all in an expanded showroom format, during fiscal 2015.
Staples Inc. has launched the “Staples Business Loans powered by Lendio” service to provide access to capital for small business owners.
Macy's fourth quarter net income fell to $793 million from $811 million a year earlier, topping analysts expectations.
Retailers looking forward to consumers receiving their tax refund checks this year may be setting themselves up for disappointment.
Bergdorf Goodman has partnered with Borderfree, a provider of international cross-border e-commerce solutions, to open its website and sell to international shoppers with BFX, Borderfree’s new global e-commerce platform for retailers.
Office Depot Inc. is seeing some fiscal benefits from its November 2013 merger with OfficeMax.