Hudson’s Bay Co, owner of the Saks Fifth Avenue and Lord & Taylor retail chains, plans to review its options including going private following pressure from an activist shareholder, people familiar with the matter said.
Ulta reported increases in net sales, comparable sales and net income in the second quarter and first six months of the year, and increased its fiscal year outlook. Ulta also maintains its plan to open 100 stores.
TJX's quarterly performance was one of few bright spots in the gloomy U.S. retail environment, proving that the company's off-price business model was luring shoppers even as competition from Amazon.com Inc intensifies.
J.C. Penney Co Inc's stock hit a life-low as major store closures and a challenging retail scene drove the embattled department store chain to a bigger-than-expected quarterly loss and took a toll on comparable sales.