Latest Multi-line retail News

Fred's closing 159 underperforming stores by end of May

Apr. 11, 2019 3:51 PM EDT

MEMPHIS, Tenn. (AP) — Fred's Inc. says it will close 159 underperforming and unprofitable stores in 13 states by the end of May. The Memphis-based company said in a news release Thursday liquidation sales at those stores were beginning Thursday. The company's 398 other discount stores will remain open. CEO...

PVH, Movado surge, Nielsen falls

Mar. 28, 2019 4:45 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Accenture PLC, up $8.65 to $175.12 The consulting and outsourcing company reported record bookings during the fiscal second quarter, and its results and forecast beat Wall Street expectations. Lululemon Athletica Inc., up $20.74...

Dollar General 4Q results mixed, fiscal 2019 outlook weak

Mar. 14, 2019 9:18 AM EDT

GOODLETTSVILLE, Tenn. (AP) — Dollar General Corp. posted mixed fourth-quarter results, with profit pressured by an income tax expense while revenue grew during the critical holiday period. The discount retailer also provided a fiscal 2019 profit outlook below Wall Street's view. Shares fell 6.8 percent...

Costco, Big Lots rise; Marvell Technology, Okta slip

Mar. 8, 2019 4:36 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Costco Wholesale Corp., up $11.03 to $227.82 The huge, no-frills retailer reported earnings that were far ahead of what Wall Street analysts were expecting. National Beverage Corp., down $10 to $58.27 The maker of La Croix drinks...

Dollar Tree to close up to 390 Family Dollar stores

Mar. 6, 2019 1:58 PM EST

NEW YORK (AP) — Dollar Tree Inc. is closing up to 390 Family Dollar stores this year and rebranding about 200 others under the Dollar Tree name. The company also slashed the value of its struggling Family Dollar chain, booking a $2.73 billion charge in its fiscal fourth quarter. That led to a massive loss...