NRF president Matthew Shay told attendees of retail’s Big Show in New York City this week that the industry is well-positioned for 2015 – with a little help from friends in Washington, D.C.
Fewer shoppers were in the mood to buy containers last fall, as the Container Store blamed its third quarter performance on lower customer traffic.
Despite sluggish comparable store sales in the second quarter, Container Store chairman and CEO Kip Tindell is pleased with the company’s overall earnings performance, driven in part by increased average ticket growth as well as new store growth.
The Container Store posted a better than expected profit performance during its first quarter as a public company but offered a full year outlook analysts found underwhelming.
The National Retail Federation has elected Saks chairman and CEO Stephen I. Sadove to chairman of the NRF board of directors and chairman of its executive committee.