Commentary by Neil Saunders, managing director of GlobalData Retail, comments on J.C. Penney’s fourth quarter:
Foot Locker won its race in the fourth quarter.
While RH continued to make investments to transform its business model, these efforts impacted the company’s preliminary fourth quarter earnings.
Family Christian is going out of business.
A week after bringing in advisers to determine how to return the chain to profitability, Hhgregg is preparing to file Chapter 11.
Digital transformation is CEOs’ number one priority this year.
Raley’s has given COO Keith Knopf the additional title of president.
J.C. Penney on Friday announced plans to close stores and reduce its workforce even as it reported its first profit since 2010.
Weaker results in its European, Saks Off 5th and Gilt operations contributed to lower fourth quarter sales for Hudson’s Bay Company
A jolly holiday season helped Gap Inc. post fourth-quarter earnings and sales that beat expectations, leading to speculation that the chain’s turnaround may be starting to take hold.