The owner of off-price chains TJ Maxx and Marshalls reported a bigger-than-expected rise in quarterly comparable store sales as more shoppers visited its stores for apparel, accessories and home goods.
Not every U.S. retailer has cause to complain about the West Coast port disruptions. For those focused more on price than the latest fashion, the delivery backlog caused by the slowdown could be a treasure trove.
Macy's planned push into the off-price retailing sector, dominated by chains such as TJX Cos Inc's TJ Maxx, shows the venerable department store chain has faced up to new realities of retailing in the United States.
The Franco-American trio are at the head of the Global Powers of Retailing ranking established by Deloitte based on the results from 2013. A ranking that includes clothing stores, department stores and luxury groups.
Harvard Business Review has published its ranking of the 100 best-performing CEOs, with Jeffrey Bezos placing 1st. Simon Wolfson and Richard Cousins are two of the five Brits in the North American-dominated ranking.