Retail

Sales Gain but Net Drops in TJX’s Q3

TJX

FRAMINGHAM, Mass.-Despite an increase of 5.5 percent in total corporate net sales, The TJX Cos. reported a 4.4 percent drop in net income, to $595 million. The falloff in the bottom line was due primarily to a 41.8 percent increase in the company’s provision for income taxes. Net sales reached $7.4 billion and included anMore »

Last updated: November 18, 2014

Haines to Leave as hhgregg Chief Merchandising Officer

hhgregg

INDIANAPOLIS-Jeffrey Haines, chief merchandising officer of hhgregg, has resigned for personal reasons, according to a filing by the retailer with the U.S. Securities and Exchange Commission. Haines joined hhgregg in March 2013. He has had more than 30 years experience in merchandising and advertising for retail companies, including 24 years with Sears in a numberMore »

Last updated: November 17, 2014

October Retail Sales Point to Strong Holiday Season

Census Bureau

WASHINGTON-U.S. retail sales in October, whose figures were issued this morning by the U.S. Bureau of the Census, provided an indication that this holiday shopping season could be a strong one, according to the National Retail Federation. The Census Bureau said total retail sales finished last month at an adjusted total of $444.5 billion, upMore »

Last updated: November 14, 2014

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

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