Menu
RSS

Featured Stories

Target Reports 61.7% Drop In Profits

Target Reports 61.7% Drop In Profits

August 21, 2014 | Financial News

Target reported higher sales in its U.S. and Canadian divisions during a quarterly earnings report call. Total sales reached $17.4 billion, a 1.7% improvement from Q2 2013. Yet total profit fell from $611 million in 2013 to $234 million due to stagnant same-store sales and costs associated with the data breach that occurred during the 2013 holiday season. U.S. sales increased 0.7% from $16.8 billion to $17.0 billion year over year. However, Target’s Canadian business experienced the most significant boost, rising 63% from $275 million in Q2 2013 to $449 million in Q3 2014. The significant gro...

Movers & Shakers

Aeropostale Reinstates Former CEO To Recover Waning Teen Interest

Aeropostale Reinstates Former CEO To Recover Waning Teen Interest

The logos that teens once flaunted proudly on their clothes are now becoming scarlet letters. As a result, once-reigning teen retailers, such as Aeropostale, are fighting to maintain customer loyalty...

Walgreens EVP Proposes Reorganization Following Alliance Boots Acquisition

Walgreens EVP Proposes Reorganization Following Alliance Boots Acquisition

Following the acquisition of pharmacy retailer Alliance Boots, Walgreens has changed its operational structure, subject to approval by the Board of Directors. Alex Gourlay, EVP of the new combined company,...

Following Acquisition, CEO Of Canadian Shoe eTailer Dishes On Next Steps

Following Acquisition, CEO Of Canadian Shoe eTailer Dishes On Next Steps

Hardy Capital Partners and a small group of Canadian investors acquired ShoeMe.ca and OnlineShoes.com to create the largest online footwear organization in Canada.  The joint company will have more than...

Mergers & Acquisitions

PetSmart Acquires Pet360, Increases Net Income By 5.1%

PetSmart Acquires Pet360, Increases Net Income By 5.1%

PetSmart has acquired online pet products retailer and integrated media company Pet360 for $130 million to ramp up its e-Commerce business. With the purchase, PetSmart will provide customers with seamless...

Dollar General Puts $9.7 Billion Bid On Family Dollar

Dollar General Puts $9.7 Billion Bid On Family Dollar

Dollar General has placed a bid on Family Dollar worth $78.50 a share, or $9.7 billion. The deal exceeds Dollar Tree’s initial offer of $74.50 a share, which was placed...

ECommera Rebrands As OrderDynamics

ECommera Rebrands As OrderDynamics

ECommera announced that the company will be renamed OrderDynamics in an effort to unite its subsidiaries under a single brand identity. ECommera initially acquired OrderDynamics in June 2013 to...

Financial News

Target Reports 61.7% Drop In Profits

Target Reports 61.7% Drop In Profits

Target reported higher sales in its U.S. and Canadian divisions during a quarterly earnings report call. Total sales reached $17.4 billion, a 1.7% improvement from Q2 2013. Yet total profit...

Walmart Lowers Financial Forecast For 2014

Walmart Lowers Financial Forecast For 2014

Walmart has lowered its 2014 FY forecast, citing “incremental investments in e-Commerce” and higher-than-estimated health care costs. Initially, the retailer predicted that shares for 2014 would reach between $5.10 and...

Omnichannel Helps Macy’s Boost Sales By 3.3%

Omnichannel Helps Macy’s Boost Sales By 3.3%

Macy’s Inc. reported sales of $6.3 billion for Q2 2014, a 3.3% increase over the same period in 2013. For the first half of 2014, sales for Macy’s, Inc. reached...