A fire and inflation contributed to less-than-expected second quarter financial results at Qurate Retail, even as it undertakes a strategic turnaround initiative. Company net income in the quarter was $203 million, or 53 cents per diluted share, versus $222 million,...
For the second quarter, Wayfair recorded a loss during a period the company’s chairman termed “difficult.” Net loss for the quarter was $378 million, or $3.59 per diluted share, versus net income of $131 million, or $1.14 per diluted share in the year-previous period....
To deal with changing times and changing approaches to retail operations, Neiman Marcus Group has announced a strategy that established a collection of corporate hubs to support its integrated working philosophy, the NMG|Way of Working or NMG|WOW. Neiman Marcus has...
As the move to college gets underway, Big Lots is offering an expanded selection of campus living essentials and has modified its store space accordingly. Big Lots has created back-to-campus centers in its stores where students and families can find deals on...
The Aaron’s Co., an omnichannel provider of lease-to-own and retail purchase operations posted second-quarter financials that are the first that incorporate results from BrandsMart U.S.A., acquired April 1. Aaron’s net loss was $5.3 million, or 17 cents per...
