Retail investors have good reason to be anxious as department stores begin reporting fourth-quarter earnings. Retail stocks mostly dropped in January, when department stores reported disappointing holiday sales. Then the Commerce Department reported that overall U.S....
Gap Inc. is spinning off fast-growing Old Navy as a standalone company. It also plans to close about 230 namesake stores during the next two years. The retailer on Thursday announced plans to create two independent publicly traded companies: Old Navy, and a...
Detroit’s Sachse Construction has named Ron Henry as the firm’s new senior vice president. Henry’s experience includes prior leadership roles with Beaumont Health as corporate vice president of real estate, design and construction; Detroit Medical Center as senior...
DSW is expanding its test of in-store nail salons as the footwear retailer looks to keep customers coming back to its stores. Customers in Austin, Texas, Washington, D.C. and Dublin, Ohio can purchase both sandals and a pedicure, bringing the total number of locations...
TJX Co TJX 3.70% s. on Wednesday reported a decline in fourth-quarter profit, but said that stronger customer traffic led to an increase in comparable-store sales. TJX, the parent company of HomeGoods, Marshalls and T.J. Maxx, reported net income fell 4.1% from a year...
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