J.C. Penney swung to an unexpected loss in its fourth quarter amid heavy holiday discounter.
Chico’s FAS Inc. on Thursday revealed plans to close more stores, cut jobs and decrease its capital spending to $100 million for fiscal 2015, a 29% decrease to its three-year average.
The TJX Cos. on Wednesday reported an 11% rise in fourth quarter profit and said it would raise employee pay above the minimum wage.
Macy's fourth quarter net income fell to $793 million from $811 million a year earlier, topping analysts expectations.
Most readers would agree that Internet brand retailing is all about maximizing traffic to a given site, converting site visits to sales and getting buyers to come back and buy more. That’s one of the paybacks on the hefty investments they make in online marketing.
The office supply stores industry already exhibits a high level of market concentration, with the two largest companies (Office Depot Inc. and Staples) accounting for the vast majority of industry revenue. This merger would bring 73.6% of the total market share under the control of the newly formed entity.