Retail

Lowe’s Q2 Net Up 10.4 Percent

lowe's

MOORESVILLE, N.C.-With home improvement continuing its upward trend, Lowe’s logged a 10.4 percent jump in second-quarter net income, which totaled $1 billion. Net sales in the quarter, which ended on Aug. 1, rose 5.7 percent to $16.6 billion, including a pickup of 4.4 percent in same-store sales. Along with the ongoing strength in home improvementMore »

Last updated: August 20, 2014

Home Depot Posts 14.2 Percent Gain in Q2 Net

Home Depot

ATLANTA-A better sales performance and discipline in cost control brought The Home Depot a 14.2 percent increase in second-quarter net income, which totaled $2 billion. Net sales in the quarter, which ended on Aug. 3, were $23.8 billion, up 5.7 percent from last year’s second quarter, and including a pickup of 5.8 percent in same-storeMore »

Last updated: August 19, 2014

TJX Q2 Net Rises 7.9 Percent

TJX

FRAMINGHAM, Mass.-Increased sales, especially from its HomeGoods and TJX Europe units, boosted The TJX Cos.’ second-quarter bottom-line total to $517.6 million, up 7.9 percent above the second quarter of last year. Total net sales in the quarter, which ended on Aug. 2, were $6.9 billion, gaining 7.4 percent and including a companywide same-store sales pickupMore »

Last updated: August 19, 2014

Dollar General Bids for Family Dollar

Dollar General

GOODLETTSVILLE, Tenn.-A little more than three weeks after Dollar Tree apparently cut a deal to acquire Family Dollar, Dollar General has made its own proposal to purchase its rival dollar-store chain. Dollar General’s bid, which was delivered this morning in a letter to Family Dollar’s board of directors, is for $78.50 a share in cash,More »

Last updated: August 18, 2014

Wayfair Files for IPO

Wayfair.com

BOSTON-Online home retailer Wayfair has filed for an initial public offering with the U.S. Securities and Exchange Commission. The number of shares the company will offer, the portion of the shares to be sold by Wayfair and existing stockholders, and the price range for the IPO have yet to be determined, according to a WayfairMore »

Last updated: August 18, 2014

J.C. Penney Slashes Q2 Loss as Sales Gain

J.C. Penney

PLANO, Texas-With net sales increasing for the second quarter in a row, J.C. Penney reported a net loss of $172 million in its fiscal second quarter, compared to a net loss of $586 million in the second quarter of last year. Net sales gained 5.1 percent to $2.8 billion in the quarter, which ended onMore »

Last updated: August 15, 2014

Dillard’s Q2 Net Falls 5.5 Percent

Dillard’s

LITTLE ROCK, Ark.-Dillard’s second-quarter net income totaled $34.5 million, down 5.5 percent from last year’s second quarter, in what CEO William Dillard II characterized as a “somewhat” disappointing performance. Net sales in the quarter, which ended on Aug. 2, slipped 0.4 percent to $1.5 billion, even though same-store sales were up 1 percent. Home andMore »

Last updated: August 15, 2014

Walmart Q2 Net Up 0.6 Percent as Sales Gain

Walmart

BENTONVILLE, Ark.-A modest gain in sales helped Walmart to an even more modest 0.6 percent increase in its second-quarter net income, which totaled $119.3 billion. Net sales in the quarter, which ended on July 31, reached $119.3 billion, which included flat same-store sales from both Walmart’s U.S. stores and from Sam’s Club warehouses. In addition,More »

Last updated: August 14, 2014