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DSN Retailing Today back issues
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Best Buy's Boire takes merchandising savvy to Toys 'R' Us.(appoints Ran Boire)
July 10, 2006... WAYNE, N.J. -- In a continued effort to turn around its business, Toys "R" Us announced late last month that it has hired Ran Boire, one of Best Buy's top merchants, as president of its U.S. division, effective July 17.
"Ron is a fabulous merchant with an outstanding track record,"...
Turnaround top priority for new ceo of Circuit City.(Phil Schoonover)
July 10, 2006... RICHMOND, VA. -- Circuit City is entering a new era of growth complete with new leadership, as chairman and former ceo Alan McCollough officially retired from the retail chain, handing the reigns to Phil Schoonover. Schoonover was named ceo in March and chairman on June 27 and now leads a...
H&M expands global reach, readies new banner.(H&M Hennes & Mauritz AB)
July 10, 2006... STOCKHOLM, SWEDEN -- Hennes & Mauritz had more than just its second-quarter results to report late last month. The fast-fashion retailer also announced that it would be opening a second retail banner with niche assortments and higher price points, and that it would be opening stores in new...
Nike revenues climb 9%.(FINANCIALS)(Brief article)
July 10, 2006... BEAVERTON, ORE. -- Nike reported revenues for fiscal 2006 grew 9%, fueled by global initiatives such as Joga Bonito. For the year ended May 31, revenues hit $15 billion, compared to $13.7 billion last year. Net income increased 15% to $1.4 billion, compared to $1.2 billion last year.
BBBY posts first-quarter sales.(Bed Bath and Beyond)(Brief article)
July 10, 2006... UNION, N.J. -- Bed Bath & Beyond reported net sales for the first quarter were up 12.2%. For the quarter ended May 27, the company reported net sales of $1.4 billion, up from last year's $1.2 billion. Bed Bath & Beyond posted net earnings of $100.4 million. Same-store sales for the quarter...