Shack Corp. on Monday denied that it defaulted on a loan from its term lenders—Salus Capital Partners and Cerberus Capital Management—less than a week after the chain initially disputed the allegations as “wrong and self-serving,” the Wall Street Journal reported.
Ulta Beauty reported fiscal results for the third quarter of fiscal 2014 that looked pretty darned good. Net income rose 30% to $59.1 million compared to $45.4 million in the third quarter of fiscal 2013, with lower expenses helping drive up profit.
Big Lots Inc. came up smaller than Wall Street expected with its fiscal performance in the third quarter of fiscal 2014. Net loss shrank to a higher-than-expected $3.44 million from $9.52 million in the same quarter the prior fiscal year.