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Tag: the-retailer

Harrods finance boss resigns

Harrods’ chief financial officer John Edgar has stepped down from his position at the luxury department store after five years. According to Drapers , he departed the world-famous retailer for “new challenges”. READ MORE:  Harrods smashes £2bn sales mark for the first time The news comes a month after Harrods recorded its eighth year in a row of soaring profits, which included smashing the £2 billion sales mark for the first time.

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Forever 21 investigating POS security breach

Encryption and other protective measures used by the retailer may not have been operating on affected point-of-sale systems when the breach occurred.






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Target’s turnaround is slow moving, but progress takes time

Target's third-quarter earnings beat was clouded out as the retailer guided conservatively for the upcoming holiday season.






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Sears opens specialty stores

Sears Holdings is closing its traditional outlets, but, in a lesser watched move, the retailer is also opening smaller-format specialty stores. 






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Macy’s posts steep sales decline, mixed results

Macy's CEO has said the retailer “[isn't] ready to declare when we will get back to positive” same-store sales.






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REI hires retail veteran CIO

Christine Putur, the second CIO in the company's history, is also the second woman to hold that position at the retailer.






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Toys R Us won’t match ‘many of the best prices’ Black Friday weekend

While the retailer will open on both Thanksgiving and Black Friday, it won't price match on those days, when some of the best deals are out.






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Sears is closing 63 more stores

Sears Holdings is closing another round of stores, the retailer's employees learned on Thursday.






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Fat Face’s profits slim down after Brexit

The fall in the value of the sterling since last year’s Brexit referendum has impacted Fat Face’s full-year results, with profits dropping by 11.3 per cent. While EBITDA for the fiscal year ending June 3 slimmed down to £29.7 million, Fat Face said on a constant currency basis it inched up by 0.9 per cent.






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Walmart is throwing holiday parties to drive in-store traffic

Among other plans this season, the retailer is also leaving its $35 two-day free shipping minimum in place.  






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