Retail

QVC Operating Profit Climbs 22 Percent in Q3

QVC

ENGLEWOOD, Colo.-In what President and CEO Mike George called “our strongest quarterly performance of 2014,” QVC delivered a 22 percent gain in operating income, to $247 million. Net sales in the quarter, which ended on Sept. 30, increased by 4.7 percent to $2.3 billion, according to a statement from Liberty Interactive Corp., QVC’s parent company.More »

Last updated: November 5, 2014

HSNi Sales Rise 4.8 Percent in Q3

HSNi

ST. PETERSBURG, Fla.-With digital sales providing the fuel, HSN Inc. posted a sales increase of 4.8 percent in its fiscal third quarter ending on Sept. 30, to $837.5 million. Digital sales gained 7 percent in the quarter, including an increase of 13 percent in the HSN segment. Total sales in HSN were up 7 percent,More »

Last updated: November 4, 2014

Havertys Q3 Net Falls 17.6 Percent

Havertys

ATLANTA-Increased costs and reduced profit margins cut into Havertys’ third-quarter net income by 17.6 percent, to $7.8 million. Selling, general and administrative expenses were up 6 percent in dollars and 132 basis points as a percentage of sales, to 47.1 percent. Increases in delivery expenses, sales commissions, fixed and discretionary costs brought about the addedMore »

Last updated: November 4, 2014

Tuesday Morning Narrows Q1 Loss

TuesdayMorning_2014

DALLAS-With the retailer’s Turnaround Phase finished, Tuesday Morning reported a first-quarter net loss that was significantly reduced from the loss in last year’s first quarter. The loss for the quarter, which ended on Sept. 30, totaled $6.2 million, compared to the $12 million loss last year. Net sales jumped 10.1 percent to $202.2 million, includingMore »

Last updated: November 4, 2014

Progressive Business Media Acquires HFN and Related Print and Digital Properties

HFN

NEW YORK – HFN the most prestigious and longest-running business magazine for the home furnishings and housewares industry has been purchased by Progressive Business Media. The brand joins the PBM portfolio of business media properties specializing in the home industry, including Furniture/Today, Home & Textiles Today, Casual Living, Home Accents Today, and Gifts & DecorativeMore »

Last updated: November 6, 2014

Dollar General Moves Against Family Dollar-Dollar Tree Merger

Dollar General

GOODLETTSVILLE, Tenn.-With Family Dollar shareholders scheduled to vote on its merger with Dollar Tree on Dec. 11, Dollar General has taken action to put its offer for Family Dollar in the forefront with the latter’s shareholders. Dollar General issued a statement on Friday urging Family Dollar shareholders to reject the Dollar Tree merger, and saidMore »

Last updated: November 3, 2014

hhgregg Posts $10.4 Million Q2 Loss

hhgregg

INDIANAPOLIS-Due to a double-digit drop in sales, hhgregg’s fiscal second quarter produced a net loss of $10.4 million, compared to net income of $3.7 million in last year’s second quarter. Net sales in the quarter, which ended on Sept. 30, totaled $505.9 million, down 11 percent from last year and including a drop of 11.4More »

Last updated: October 30, 2014

CIT: Middle-Market Execs More Optimistic

CIT logo

NEW YORK-Middle-market executives have a positive outlook for their businesses, according to CIT Group’s annual “Voice of the Middle Market” study. Sixty-three percent of the executives who responded to CIT’s survey said their companies are better off now than they were last year, while 62 percent expect to increase the size of their work forcesMore »

Last updated: October 30, 2014