News

Ross Stores Q3 Net Rises 12.3 Percent

Ross Stores

DUBLIN, Calif.-Thanks to strong sales and margins, Ross Stores recorded a 12.2 percent gain in third-quarter net income, which finished at $192.7 million. Net sales in the quarter, which ended on Nov. 2, totaled $2.6 billion, up 8.4 percent and including a pickup of 4 percent in same-store sales. Barbara Rentler, Ross’ CEO, said bothMore »

Last updated: November 21, 2014

Bon-Ton’s Loss Mounts in Q3

Bon-Ton

YORK, Pa.-Declining sales and rising costs led The Bon-Ton Stores to a net loss of $11 million in its third quarter, compared to a net loss of $931,000 in the third quarter of last year. Net sales in the quarter, which ended on Nov. 1, totaled $642.7 million, down 1.3 percent and including a dropoffMore »

Last updated: November 21, 2014

Michaels Q3 Net Jumps 36.2 Percent

Michaels

IRVING, Texas-Reduced expenses and a slight uptick in sales helped Michaels to a 36.2 percent increase in third-quarter net income, to $64 million. Selling, general and administrative expenses were trimmed by 1.6 percent in dollars and 74 basis points as a percentage of sales to 26.9 percent. In addition, Michaels managed to slash 33.9 percentMore »

Last updated: November 21, 2014

High Point Releases the Market Style Report for Fall/Winter 2014

High Point Market

HIGH POINT, N.C.-The High Point Market Authority has released its Market Style Report for Fall/Winter 2014. This 28-page report was developed by six home fashion trendsetters, all part of the market’s 2014 Style Spotters team, which scoured the High Point Market for the hottest items and then translated their picks into today’s top trends forMore »

Last updated: November 21, 2014

E-commerce Fuels Williams-Sonoma in Q3

Williams-Sonoma

SAN FRANCISCO-Thanks in part to a double-digit gain in e-commerce sales, Williams-Sonoma’s third quarter ending on Nov. 2 produced an increase of 14.4 percent in net income, which totaled $64.9 million. Net revenues from the e-commerce sector jumped 14.7 percent, helping Williams-Sonoma’s overall net revenues to an 8.7 percent pickup, to $1.1 billion. Laura Alber,More »

Last updated: November 20, 2014

Forty One Madison Expects Strong Gift Showing

Forty One Madison

NEW YORK-More than 40 brands with permanent showrooms at Forty One Madison will meet with leading gift retailers and buyers Jan. 31 through Feb. 4 when the NY Now gift market is held. Mottahedeh, whose doors will be open during that period, will create a special display in the lobby. Forty One Madison will helpMore »

Last updated: November 20, 2014

Best Buy Net Nearly Doubles in Q3

Best Buy Posts Q1 Loss

MINNEAPOLIS-Reduced expenses and a slight gain in sales bolstered Best Buy’s third-quarter net income to the tune of 98.1 percent, to $107 million. Selling, general and administrative expenses were slimmed by 5.3 percent in dollars and 120 basis points as a percentage of sales, to 20.6 percent. Net sales in the quarter, which ended onMore »

Last updated: November 20, 2014

Dollar Tree Q3 Net Rises 6.1 Percent

Dollar Tree

CHESAPEAKE, Va.-As the drama continues surrounding the acquisition of Family Dollar by either Dollar General or Dollar Tree, the latter reported a gain of 6.1 percent in its third-quarter net income, which came to $133 million. Net sales in the quarter, which ended on Nov. 1, reached $2.1 billion, up 11.2 percent from last year’sMore »

Last updated: November 20, 2014