Early Easter takes bite out April sales - USA
ChainStoreAge.com - May 8th 2015, 11:20
New York - An early Easter that drew shoppers into stores in March and slowing economic growth helped cut into retailers’ April sales results.
At Costco Wholesale Corp., April same-store sales were flat, slightly below analysts’ estimates, primarily due to the strong U.S. dollar and lower gas prices. Sales at U.S. stores increased 2% for the four weeks ended May 3. Internationally, sales fell 4%.
Total revenue inched up 2% to $8.75 billion.
Taking away the lower gas prices and fluctuations in foreign currency, Costco's same-store sales rose 7%.
Here are some other same-store sales results for April:
• L Brands Inc. reported a 1% decrease. Analysts had expected a decrease of 0.1%. Net sales rose 1% to $724.6 million in April. The company said that the negative impact on sales due to the timing of the Easter holiday was approximately five points.
• The Buckle Inc. had a 3.8% decrease. Net sales for all stores fell 1.7% and totalled $74.3 million for the month.
• Cato Corp. reported a 14% decline.
Sales for the first quarter ended May 2, 2015 were $281.6 million, down from $282.5 million for year ago period. Same-store sales for the first quarter decreased 3%.
• Stein Mart Inc. reported a worse-than-expected 1.5% decrease. Total sales for the month were $109.1 million, up 0.9% from a year ago.From ChainStoreAge.com
New York City boosts cigarette prices to $13 per pack
30/08/2017 - 09:19
New York boosted the minimum price of a pack of cigarettes by 24 percent to $13 (€10.80) and placed a cap on the number of tobacco sellers, part of the city’s biggest crackdown on smoking in more than a decade.
Zeekit launches app to virtually try on outfits before buying online or in-store
19/09/2016 - 14:26
NEW YORK - Zeekit, a B2C platform and mobile app that reinvents the way consumers browse, share and shop from their mobile devices, has launched an advanced virtual fitting room app for consumers and retailers.
G-III to Acquire Donna Karan International
26/07/2016 - 09:36
NEW YORK & PARIS–(BUSINESS WIRE)–G-III Apparel Group, Ltd. (NASDAQ:GIII), a leading designer, manufacturer and marketer of branded apparel and accessories, and LVMH Moët Hennessy Louis Vuitton (LVMH.PA), the world’s leading high quality products group, today announced that they have entered into a definitive agreement under which G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands and owned by LVMH, in a transaction with an enterprise value of $650 million, subject to customary adjustments at closing. The transaction is expected to close in late 2016 or early 2017.
Hershey going bigger in Times Square
20/07/2016 - 10:09
The Hershey Company is moving its popular store in Manhattan’s Times Square to a much larger location.
US retail giants feel pain as online shopping hits - USA
16/05/2016 - 14:39
New York - Iconic American stores Macy's and Gap are facing tough questions about their future following dreary earnings announcements this week that highlighted the growing market share taken by online retailers.