by Mike Duff | Jun 9, 2023 | Retail Articles
In the first quarter, Ollie’s beat Wall Street sales and earnings estimates, posted solid comp gains and kept adding stores. Net income was $31 million, or 50 cents per diluted share, versus $12.5 million, or 20 cents per diluted share, in the prior-year quarter....
by Mike Duff | May 18, 2023 | Retail Articles
As it adds new formats to spur growth, Macy’s continues to expand its off-price operation, adding 10 new Backstage store-within-store locations throughout the United States opening from May through July. With a treasure-hunt-oriented, ever-changing assortment of...
by Mike Duff | Apr 14, 2023 | Retail Articles
Nordstrom opens more Rack locations as the company continues evolving the off-price part of its business, with a new logo and branding initiative an additional part of the effort. The latest round of Nordstrom Rack openings announced included Macedonia, OH, a 28,000...
by Mike Duff | Mar 24, 2023 | Retail Articles
Ollie’s Bargain Outlet Holdings finished its latest complete fiscal year with a solid finish, beating Wall Street estimates on sales and earnings. Net income totaled $53.1 million, or 85 cents per diluted share, versus $44.7 million, or 71 cents per diluted share, in...
by Mike Duff | Mar 23, 2023 | Retail Articles
Bloomingdale’s has promoted Denise Magid to the newly created role of Bloomingdale’s chief merchandising officer. Magid’s job entails driving the strategic direction and performance of all Bloomingdale’s merchandising initiatives as she...
