Retail

Target Q3 Net Gains; U.S. Sales Top Company Estimates

Target storefront

MINNEAPOLIS-With sales in its U.S. stores outperforming the company’s expectations, Target’s third-quarter net income moved up 3.2 percent to $352 million. Total net sales in the quarter, which ended on Nov. 1, were up 2.7 percent. Sales in the U.S. stores picked up 1.9 percent, including a better-than-expected same-store sales increase of 1.2 percent (Target’sMore »

Last updated: November 19, 2014

Lowe’s Q3 Net Climbs 17.2 Percent

lowe's

MOORESVILLE, N.C.-A gain in sales and a watchful eye on expenses helped Lowe’s to a 17.2 percent increase in third-quarter net income, which totaled $585 million. Net sales in the quarter, which ended on Oct. 31, were $13.7 billion, up 5.6 percent and including a pickup of 5.1 percent in same-store sales. “Our employees’ unwaveringMore »

Last updated: November 19, 2014

Family Dollar Reschedules Shareholder Vote on Dollar Tree Merger

H09-FamilyDollar3_R1

MATTHEWS, N.C.-Family Dollar has moved ahead its scheduled special meeting of shareholders for the vote on the merger with Dollar Tree from Dec. 11 to Dec. 23. A company statement said the dollar-store retailer rescheduled the special meeting to allow time for the shareholders to review additional disclosures regarding Dollar Tree’s discussions with the U.S.More »

Last updated: November 19, 2014

Sears Canada Loss Balloons in Q3

SearsCanada

TORONTO-In what Ron Boire, acting president and CEO, called “disappointing” results, Sears Canada posted a net loss of $118.7 million in its third quarter, compared to a net loss of $48.8 million in the third quarter of last year. Net sales dropped 15 percent to $834.5 million in the quarter, which ended on Nov. 1.More »

Last updated: November 19, 2014

Sales Gains Propel La-Z-Boy Q2 Net

La-Z-Boy

MONROE, Mich.-La-Z-Boy reported a second-quarter income boost of 16.6 percent, to $19.5 million, as sales increases from two of its key segments helped fuel its bottom line. Overall net sales were up 3.8 percent to $365.6 million in the quarter, which ended on Oct. 25. Sales in the upholstery segment rose 3.6 percent, while casegoodsMore »

Last updated: November 19, 2014

Replacements Recognized as Leader in Workplace Equality

Replacements Recognized for Workplace Equality

GREENSBORO, N.C.-The Human Rights Campaign Foundation has recognized Replacements as a national leader in the push for workplace equality for lesbian, gay, bisexual and transgender (LGBT) Americans. This marks the thirteenth consecutive year Replacements has earned a perfect score on the HRC’s Corporate Equality Index (CEI), the company said. The annual report rates on aMore »

Last updated: November 19, 2014

Toys “R” Us Exec Named Brookstone CEO

Thomas Via

MERRIMACK, N.H.-Thomas Via, a veteran Toys “R” Us executive, will take the reigns as president and CEO of specialty retailer Brookstone on Dec. 1. Via, who has spent the last 12 years with Toys “R” Us, will also join the Brookstone board of directors on that date. He will succeed Steven Schwartz, who has servedMore »

Last updated: November 18, 2014

Home Depot Q3 Net Up 13.8 Percent

Home Depot

ATLANTA-Rising sales and controlled expenses helped boost The Home Depot to a 13.8 percent gain in third-quarter net income, which totaled $1.5 billion. Net sales in the quarter, which ended on Nov. 2, reached $20.5 billion, up 5.4 percent from last year’s third quarter. Included in the sales gain was a 5.2 percent increase inMore »

Last updated: November 18, 2014