Top Stories - Newsletter

04/12/2013 - 11:47
Report: Blackstone to aid JCPenney in raising cash

JCPenney is turning to Blackstone Group to help raise cash and better position itself financially, the Wall Street Journal reported.

04/12/2013 - 09:53
JCP dealt another blow in MSLO case

New York State Supreme Court Justice Jeffrey Oing on Thursday refused to dismiss Macy's Inc's claim that Martha Stewart Living Omnimedia violated its contract when it designed certain merchandise for J.C. Penney Co., regardless of whether the items carry the Martha Stewart brand.

04/11/2013 - 17:24
Kroger oversees massive charitable initiative in Louisville

Kroger on Thursday announced plans to bring together more than 4,800 associates at the Kentucky Exposition Center on April 16 to assemble an estimated 17,000 emergency food and personal care boxes for the metro community of Louisville, Ky.

04/11/2013 - 14:45
Cold weather puts chill on March sales

L.Brands, parent of Victoria's Secret, reported better-than-expected 3% sales in same-store sales for March. Zumiez Inc. and Buckle Inc. also both reported better-than-expected numbers.

04/11/2013 - 08:14
Costco comps up in March

Costco Wholesale Corporation reported net sales of $9.67 billion for the month of March, the five weeks ended April 7, 2013, an increase of 7% from $9.07 billion during the similar period last year.

04/11/2013 - 07:58
Pier 1 income down in Q4

Pier 1 Imports reported net income of $61.7 million, or 58 cents per share, for its fourth quarter. For the fourth quarter ended Feb. 25, 2012, the company reported net income of $115.2 million, or $1.04 per share.

04/10/2013 - 18:19
Bed Bath and Beyond earnings surge 14% in Q4

Bed Bath & Beyond Inc. reported net earnings of $1.68 per diluted share ($373.9 million) in the fiscal fourth quarter ended March 2, 2013, an increase of approximately 14% versus net earnings of $1.48 per diluted share ($351 million) in the same quarter a year ago.

04/10/2013 - 16:05
NRF supports long-term ports contracts

The National Retail Federation issued a statement on Tuesday in support of the International Longshoreman’s Association’s approval of a new long-term master labor contract covering port terminal operations along the East and Gulf Coast ports.

04/10/2013 - 15:19
Sears Holdings launches new fashion and lifestyle unit

Sears Holdings has launched a new business unit that will focus on the development of entertainment-driven fashion and lifestyle brands.

04/10/2013 - 14:31
Alco Stores moves HQ to Texas

Alco Stores announced that the company will move its corporate headquarters from Abilene, Kansas, to Coppell, Texas, a suburb of Dallas.

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