\r\n\t \r\n\tIn the letter, Staples chairman and CEO Ron Sargent and Office Depot chairman and CEO Roland Smith stop short of actually calling the FTC stupid, but that is the inference from more diplomatically worded prose. \r\n\t \r","showSummary":null,"url":"/operations/staples-and-office-depot-take-another-shot-ftc","date":"2016-03-18T00:00:00","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":57581,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39991.jpg?itok=5QIpF-a8","width":767,"height":575,"alt":null},"topics":[{"name":"OPERATIONS / SUPPLY CHAIN","url":"/operations-supply-chain"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Big and tall retailer finds fit with DXL format","id":54182,"bundle":"article","summary":"
Destination XL Group is seeing strong same store sales growth from its stores branded as DXL as it continues to shift away from the smaller footprint Casual Male concept.
\r\n
Destination XL Group, which bills itself as the largest omnichannel specialty retailer of big and tall men's apparel, said its total same store sales increased 3.1%, but its 137 DXL stores open for more than 13 months grew comps 8.9%.
","showSummary":null,"url":"/news/big-and-tall-retailer-finds-fit-dxl-format","date":"2016-03-18T00:00:00","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":57578,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39990.jpg?itok=E3IYe1Yc","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Shoe Carnival ready to join $1 billion club","id":54189,"bundle":"article","summary":"
The pace of expansion slowed at Shoe Carnival in 2015 but the company produced respectable growth against a challenging prior year comparison that has it poised to achieve a major milestone in 2016. \r\n\t \r","showSummary":null,"url":"/news/shoe-carnival-ready-join-1-billion-club","date":"2016-03-18T00:00:00","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":57554,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39980.jpg?itok=-Dgsh4Pl","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Sears Canada 2.0: The re-engineering begins","id":54176,"bundle":"article","summary":"
A broad slate of initiatives unveiled by Sears Canada are intended to transition the company from a business stabilization phase in 2015 to a re-engineering phase designed to restore growth. \r\n\t \r","showSummary":null,"url":"/news/sears-canada-0-re-engineering-begins","date":"2016-03-18T00:00:00","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":57593,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39996.jpg?itok=IYO85KVo","width":620,"height":413,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Drama at the mall, Aeropostale explores options","id":54190,"bundle":"article","summary":"
A review of strategic alternatives is underway at mall-based specialty retailer Aeropostale following the deterioration of fourth quarter results and a supply chain disruption caused by a supplier dispute. \r\n\t \r\n\tSale declined 16.1% to $498 million and same-store sales, including e-commerce, declined 6.7%. Profits declined to $21.7 million, or 27 cents a share, compared to a prior year fourth quarter loss of $13.5 million, 17 cents a share. \r\n\t \r","showSummary":null,"url":"/news/drama-mall-aeropostale-explores-options","date":"2016-03-18T00:00:00","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":57550,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39979.jpg?itok=cFvpLN6c","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"This retailer thinks 2016 could be a difficult year","id":54197,"bundle":"article","summary":"
Cato Corp., just delivered its highest earnings in company history and sales topped $1 billion, but chairman, president and CEO John Cato said the road ahead could be rocky. \r\n\t \r\n\tCato, operator of 1,372 stores in 32 states, said its fourth quarter sales increased 4% to $247.3 million and same-store sales increased 1%. Full year sales increased 2.4% to slightly exceed $1 billion, but the addition of 31 new stores was the primary driver of full year growth as same-store sales were flat. \r\n\t \r","showSummary":null,"url":"/news/retailer-thinks-01-could-be-difficult-year","date":"2016-03-17T00:00:00","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":57530,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39972.jpg?itok=tMQs0MKp","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Michaels shares optimistic outlook after 2015 success","id":54201,"bundle":"article","summary":"
New store expansion and expectations for same-store sales growth are in store for Michaels Companies in 2016, according to CEO Chuck Rubin. \r\n\t \r\n\tRubin sounded an optimistic tone about Michaels’ future following the release of fourth quarter results he characterized as “strong” and attributed to an improved shopping experience, increased customer communications and trend right holiday assortments. \r\n\t \r","showSummary":null,"url":"/real-estate/michaels-shares-optimistic-outlook-after-01-success","date":"2016-03-17T00:00:00","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":57518,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39968.jpg?itok=_uA1_x9n","width":767,"height":575,"alt":null},"topics":[{"name":"REAL ESTATE","url":"/real-estate"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"DSW is edging closer to 500-store mark","id":54240,"bundle":"article","summary":"
DSW Inc. says strong sales in the fourth quarter show that its growth strategy is working, and the retailer says it plans to open at least 34 new stores this year.
\r\n
For the fourth quarter ended Jan. 30, the company reported a profit of $11.8 million, or 14 cents a share, down from $30.8 million, or 34 cents a share, a year earlier. Revenue rose 5% to $672 million. Same-store sales increased 0.7%.
","showSummary":null,"url":"/real-estate/dsw-edging-closer-00-store-mark","date":"2016-03-15T00:00:00","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":57400,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39929.jpg?itok=Hf08FO4N","width":640,"height":480,"alt":null},"topics":[{"name":"REAL ESTATE","url":"/real-estate"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Neiman Marcus comps decline for 2nd straight quarter","id":54243,"bundle":"article","summary":"
\r\n\t
Neiman Marcus posted declines in revenue and same-store sales on the same day that the company losta 25-year veteran who had been responsible for in-store visual design.
","showSummary":null,"url":"/news/neiman-marcus-comps-decline-nd-straight-quarter","date":"2016-03-15T00:00:00","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":57392,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39926.jpg?itok=Doy7bbVq","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Profit rises 14% at Children's Place in Q4","id":54233,"bundle":"article","summary":"
The Children's Place posted strong same-store sales for the fourth quarter as the children’s clothes retailer also released an upbeat forecast for the year. \r\n\t \r\n\tFor the fourth quarter ended Jan. 30, net sales increased 4% to $498.5 million. Same store sales increased 6.7%. Net income was $17.5 million, or 87 cents per diluted share, in the fourth quarter of 2015, compared to net income of $17 million, or 79 cents per diluted share, the previous year. \r\n\t \r","showSummary":null,"url":"/news/profit-rises-1-childrens-place-q","date":"2016-03-15T00:00:00","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":57422,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39936.jpg?itok=BZ-6pyTE","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]}]},"title":"FINANCE","contentParagraphs":null,"sections":null};
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The CEOs of Staples and Office Depot penned a letter to customers which reveals the extent of their deteriorated relations with the Federal Trade Commission ahead of a hearing that begins March 21 that will determine whether the retailers are allowed to merge.
In the letter, Staples chairman and CEO Ron Sargent and Office Depot chairman and CEO Roland Smith stop short of actually calling the FTC stupid, but that is the inference from more diplomatically worded prose.
Destination XL Group is seeing strong same store sales growth from its stores branded as DXL as it continues to shift away from the smaller footprint Casual Male concept.
Destination XL Group, which bills itself as the largest omnichannel specialty retailer of big and tall men's apparel, said its total same store sales increased 3.1%, but its 137 DXL stores open for more than 13 months grew comps 8.9%.
The pace of expansion slowed at Shoe Carnival in 2015 but the company produced respectable growth against a challenging prior year comparison that has it poised to achieve a major milestone in 2016.
A broad slate of initiatives unveiled by Sears Canada are intended to transition the company from a business stabilization phase in 2015 to a re-engineering phase designed to restore growth.
A review of strategic alternatives is underway at mall-based specialty retailer Aeropostale following the deterioration of fourth quarter results and a supply chain disruption caused by a supplier dispute.
Sale declined 16.1% to $498 million and same-store sales, including e-commerce, declined 6.7%. Profits declined to $21.7 million, or 27 cents a share, compared to a prior year fourth quarter loss of $13.5 million, 17 cents a share.
Cato Corp., just delivered its highest earnings in company history and sales topped $1 billion, but chairman, president and CEO John Cato said the road ahead could be rocky.
Cato, operator of 1,372 stores in 32 states, said its fourth quarter sales increased 4% to $247.3 million and same-store sales increased 1%. Full year sales increased 2.4% to slightly exceed $1 billion, but the addition of 31 new stores was the primary driver of full year growth as same-store sales were flat.
New store expansion and expectations for same-store sales growth are in store for Michaels Companies in 2016, according to CEO Chuck Rubin.
Rubin sounded an optimistic tone about Michaels’ future following the release of fourth quarter results he characterized as “strong” and attributed to an improved shopping experience, increased customer communications and trend right holiday assortments.
DSW Inc. says strong sales in the fourth quarter show that its growth strategy is working, and the retailer says it plans to open at least 34 new stores this year.
For the fourth quarter ended Jan. 30, the company reported a profit of $11.8 million, or 14 cents a share, down from $30.8 million, or 34 cents a share, a year earlier. Revenue rose 5% to $672 million. Same-store sales increased 0.7%.
Neiman Marcus posted declines in revenue and same-store sales on the same day that the company losta 25-year veteran who had been responsible for in-store visual design.
The Children's Place posted strong same-store sales for the fourth quarter as the children’s clothes retailer also released an upbeat forecast for the year.
For the fourth quarter ended Jan. 30, net sales increased 4% to $498.5 million. Same store sales increased 6.7%. Net income was $17.5 million, or 87 cents per diluted share, in the fourth quarter of 2015, compared to net income of $17 million, or 79 cents per diluted share, the previous year.