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Home Furnishings News (HFN): Everything in Home Products — Retailing, Marketing, Design and Supply
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PLANO, Texas-In the face of a doubling of the loss in J.C. Penney’s first quarter, CEO Myron Ullman III told financial analysts in a conference call yesterday that the retailer “has made very good progress over the last 18 months.”
The company’s net loss for the quarter, which ended on May 4,...
BENTONVILLE, Ark.-Even with sales under pressure both here and abroad, Walmart was able to bolster its bottom line by 1.1 percent to $3.8 billion in its first quarter ending on April 30.
The corporation as a whole did see sales gain 1 percent to $113.4 billion. However, this included a drop of 1.4...
MENOMONEE FALLS, Wis.-Slow sales through much of the first quarter contributed to a drop of 4.5 percent in Kohl’s net income to $147 million.
Net sales in the quarter, which ended on May 4, fell 1 percent to $4.2 billion. This included a drop of 1.9 percent in same-store sales. Kevin Mansell, Kohl’...