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":"Retail CFOs: The Chief Executive’s New Consigliore","id":54082,"bundle":"article","summary":"With the retail environment changing so rapidly today, and technology impacting everything a store does, the role of the chief financial officer has become more important than ever. When I started recruiting in 1990, the business was much simpler — we hired retail executives based on a linear skillset and departments operated in individual silos. Today, it is much more complex, as the C-suite works in collaboration to keep up with an increasingly savvy consumer.
\r\n\t
\r\n\tSo, what then do you look for in a CFO today?
\r\n\t
\r","showSummary":null,"url":"/news/retail-cfos-chief-executives-new-consigliore","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":57877,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40091.jpg?itok=KKjTCEap","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"},{"name":"C-SUITE","url":"/c-suite"},{"name":"Insights","url":"/insights"}],"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":"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
\r","showSummary":null,"url":"/real-estate/analysis-tween-and-teen-retailers-remain-financially-vulnerable","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":57631,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40011.jpg?itok=i5e7VE5P","width":767,"height":575,"alt":null},"topics":[{"name":"REAL ESTATE","url":"/real-estate"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]}]},"title":"FINANCE","contentParagraphs":null,"sections":null};
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FINANCE
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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]
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Lululemon strikes familiar growth pose
To drive growth in 2016 Lululemon will again rely on a rapid pace of store expansion and an e-commerce fueled same-store sales increase after that combination enabled the company to achieve record results and surpass annual sales of $2 billion in 2015.
Lululemon dramatically increased its selling space last year, adding 57 new stores to a base of 316 stores to end the year with 363 units. The surge in new store construction is understandable given that Lululemon’s sales per square foot of roughly $1,500 is among the highest in retail.