Best Buy co-founder Richard Schulze said Thursday that he is staying the course on his plan to acquire the company and take it private, adding that he has heard from a lineup of private equity firms prepared to make "significant commitments."
Toys“R”U opened its first stores in Beijing this weekend, marking its continued expansion across China.
The Children's Place Retail Stores reported that second quarter net sales increased 5% to $360.8 million, compared with $343.5 million in the second quarter of 2011.
Hoffman Estates, Ill.-based Sears Holdings reported a second-quarter net loss of $132 million, compared with a loss of $146 million in the year-ago period.
A new era is beginning at Ross Stores, as the company set out plans to elect a new CEO in 2014.
Profits surged, sales momentum slowed
Limited Brands reportted that adjusted earnings per share for the second quarter were 50 cents compared with 48 cents for the same period last year.
A fourth consecutive quarter of same-store sales growth at Walmart’s U.S. business helped the company achieve a slightly better than expected profit performance.
Nearly half of consumers polled in the latest PriceGrabber survey respondents said that retailers are serving up better back-to-school promotions this year, compared with 2011.
Max Performance is the name of new work glove from category leader Midwest Quality Gloves.