DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Nordstrom - 1 Michael O'Sullivan - 1 O'Sullivan - 1 Peter Nordstrom - 1 Tom Kingsbury - 1 Rick Gomez - 1 Ernie Herrman - 1
Top related locs:
Burlington Kohl's South Dakota
Top related orgs:
Apparel - 1 Dick's Sporting Goods - 1 NOAA - 1 CNN - 1 Target - 1 Federal Reserve - 1

Search resuls for: "Michael O'Sullivan"


3 mentions found


☆ Warmer-than-expected fall weather is hurting retailers that sell coats and boots
  + stars: | 2024-12-01 | by ( Dominick Reuter | ) www.businessinsider.com   time to read: +3 min
The trend follows last year's weirdly warm winter, which posed its own challenges for retailers. With the holidays just around the corner, it looks like the milder fall weather took a toll on retailers. Apparel retailers mentioned the unseasonably warm temperatures during their recent earnings calls, saying the late start to colder weather has impacted their third-quarter results. Advertisement"At Burlington, we are particularly sensitive to warmer weather," CEO Michael O'Sullivan said. AdvertisementThe trend follows last year's weirdly warm winter, which was the warmest "meteorological winter" on record, according to NOAA.
Persons: Nordstrom, Michael O'Sullivan, O'Sullivan, Peter Nordstrom, Tom Kingsbury, Rick Gomez, Ernie Herrman Organizations: Apparel, Dick's Sporting Goods, NOAA, CNN, Target, Federal Reserve Locations: Burlington, Kohl's, South Dakota
☆ A perfect storm of food-stamp cuts and low tax refunds is looming — and discount chains like Dollar General and Big Lots could feel the pain
  + stars: | 2023-03-17 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +5 min
Off-price retailers are worried that cuts to food stamps and smaller tax refunds will hurt sales. Tax refunds are also likely to be smaller because of the wind-down of some expanded tax credits. At the same time, certain beefed-up tax credits are no longer available, which means many taxpayers are preparing for smaller tax refunds this year. "At this point, 30% of that lower household income customer, their expenses today are greater than their income coming in. The 32 states that will wind down SNAP benefits this month join the 18 states that cut those benefits last year.
☆ Discount chains Ross, T.J. Maxx, and Burlington are planning to add more than 300 new stores. Here's why major retailers should be nervous about their growing off-price rivals.
  + stars: | 2023-03-08 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +5 min
Off-price chains are likely to get a boost in the months ahead as shoppers seek low prices. Ross Stores is planning to open 100 new locations this year, while T.J. Maxx plans 150 openings, and Burlington as many as 80. 2023 is looking like a strong year for off-price chains like Burlington Stores, Ross Stores and T.J. Maxx, as shoppers look to save money where they can. Off-price chains could benefit from retail closures and bankruptciesAs other retailers close swaths of stores nationwide, discounters are expanding. Paul Weaver/SOPA Images/LightRocket via Getty ImagesAnalysts see a banner year ahead for BurlingtonBurlington may be the smallest of the major off-price retailers, but it's poised to have a big year.
0 next >>
Total: 3