GameStop's efforts to generate growth by diversifying its business model worked well in 2015, as the video game retailer posted its third straight year of positive comps.
","showSummary":null,"url":"/news/gamestop-emerges-victorious-transitional-01","date":"2016-03-25T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":57849,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40083.jpg?itok=b3NAb-Et","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Francesca's was a big holiday shopping destination","id":54130,"bundle":"article","summary":"Francesca’s says its fourth quarter financial results show that the retailer's growth initiatives are bearing fruit, as the company posted a big jump in same-store sales over the holidays.
\r\nFor the fourth quarter and fiscal year ended Jan. 30, same-store sales at Francesca's increased 11%. Net sales increased 25% to $134.6 million from $107.6 million in the prior year quarter.Net income totaled $14.7 million, or 35 cents diluted earnings per share, compared to $6.0 million, or 14 centsdiluted earnings per share, in the comparable prior year period.
","showSummary":null,"url":"/news/francescas-was-big-holiday-shopping-destination","date":"2016-03-23T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":57733,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40042.jpg?itok=hFDVVXtu","width":600,"height":450,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Report: Ahold to sell Richmond-area Martin’s stores ahead of merger","id":54153,"bundle":"article","summary":"The Richmond Times-Dispatch is reporting that the 19 Martin’s Food Markets stores in the area will be either sold or closed as the completion of parent company Ahold’s merger with Delhaize Group. The Richmond-area stores are just some of the 83 stores the combined companies are looking to unload across the eastern and northeastern U.S. (Richmond Times-Dispatch)
\r\n","showSummary":null,"url":"/news/report-ahold-sell-richmond-area-martins-stores-ahead-merger","date":"2016-03-21T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":57655,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40019.jpg?itok=b9cgfM_M","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Analysis: Tween and teen retailers remain financially vulnerable","id":54161,"bundle":"article","summary":"Apparel chains focused on tweens and teens are increasingly at risk of filing for bankruptcy protection.
\r\n\t
\r\n\tAt least that’s the view of Michael McGrail, COO of Tiger Capital Group and a veteran retail liquidation and asset appraisal executive.
\r\n\t
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FINANCE
-
Supplier survey bodes well for retail sales
If the major suppliers of soft goods such as clothing and accessories to retail stores are a bellwether of the economy, then the coming months are looking to provide a jolt as 75% of these suppliers expect retail sales to significantly outpace the gross domestic product for the spring and summer shopping season.
That’s one of the major findings of a new survey conducted by Capital Business Credit.
-
Department store giant cuts bonuses for top execs
Macy’s CEO and other top executives are feeling the pain of the chain’s disappointment financial performance in 2015. The board decided to award no bonuses after the chain fell short of its sales, cash flow and earnings goals, Macy’s said in a regulatory filing, according to Bloomberg. [Bloomberg]