Author Archives: David Gill

David Gill

About David Gill

Senior Editor | dgill@hfnmag.com

Walmart Net Slips in Q3; U.S. Comps Edge Up

Walmart

BENTONVILLE, Ark.-Rising expenses offset a gain in overall sales to reduce Walmart’s third-quarter net income by 0.6 percent, to $3.7 billion. Net sales for Walmart as a whole totaled $118.1 billion, up 2.8 percent from last year’s third quarter. Included in the overall figure were a 0.5 percent gain in same-store sales for Walmart U.S.More »

Last updated: November 13, 2014

J.C. Penney Slashes Q3 Loss; Home Scores a Win

JCPenney

PLANO, Texas-In a quarter in which the home department was a top performer, J.C. Penney slimmed its third-quarter net loss to from $489 million in last year’s third quarter to $188 million this year. Net sales were down 0.5 percent, totaling $2.8 billion and including a flat performance in same-store sales. But in a conferenceMore »

Last updated: November 13, 2014

Dillard’s Q3 Net Climbs in Face of Sales Drop

Dillard’s

LITTLE ROCK, Ark.-Dillard’s reported third-quarter net income of $55.2 million, up 8.4 percent, even though the retailer experienced a decline in sales in the quarter, which ended on Nov. 1. Net sales totaled $1.5 billion, down 7.4 percent from last year’s third quarter and including a drop of 1 percent in same-store sales. Home andMore »

Last updated: November 13, 2014

Capresso Debuts “Did You Know?” Social Media Campaign

Capresso

CLOSTER, N.J.-The Capresso brand of Jura Inc. has launched a campaign on social media titled “Did You Know?” intended to throw the spotlight on the brand’s “superior customer service,” according to a Capresso statement. The campaign features the brand’s training system for Capresso customer service representatives, who is required to master all of the brand’sMore »

Last updated: November 13, 2014

IMC Files for IPO

IMC

HIGH POINT, N.C.-International Market Centers, parent company of both the High Point Market Authority and World Market Center Las Vegas, has filed for an initial public offering with the U.S. Securities and Exchange Commission. According to the filing, IMC hopes to raise about $200 million from the offering, which it intends to use to payMore »

Last updated: November 12, 2014

Bottom Line Up 22.6 Percent for Macy’s Q3

Macy’s

CINCINNATI-Slimmed-down expenses helped propel Macy’s to a 22.6 percent gain in third-quarter net income, which totaled $217 million. Selling, general and administrative expenses were cut by 4.4 percent in dollars and 110 basis points as a percentage of sales, to 32.4 percent, in the quarter, which ended on Nov. 1. Terry Lundgren, Macy’s chairman andMore »

Last updated: November 12, 2014

Target to Offer Home Products Savings in November

Target

MINNEAPOLIS-Multipiece bakeware sets and a Dyson vacuum cleaner are among the products for which Target will offer significant savings during the November period culminating on Black Friday weekend. From Nov. 23-29, the retailer will pitch multipiece bakeware sets at 40 percent off, as part of a number of exclusive deals. From Nov. 27-29, Target willMore »

Last updated: November 12, 2014

SodaStream Survey: Americans Can Be Encouraged to Drink More Water

SodaStream

MOUNT LAUREL, N.J.-While a significant percentage of U.S. consumers quench their thirst with a beverage other than water, many of them can be encouraged to drink more water, according to a study conducted for SodaStream by consulting firm Northstar. The survey is part of SodaStream’s shift in its marketing focus toward health and wellness, whichMore »

Last updated: November 12, 2014