Retail

Michaels Q3 Net Jumps 36.2 Percent

Michaels

IRVING, Texas-Reduced expenses and a slight uptick in sales helped Michaels to a 36.2 percent increase in third-quarter net income, to $64 million. Selling, general and administrative expenses were trimmed by 1.6 percent in dollars and 74 basis points as a percentage of sales to 26.9 percent. In addition, Michaels managed to slash 33.9 percentMore »

Last updated: November 21, 2014

E-commerce Fuels Williams-Sonoma in Q3

Williams-Sonoma

SAN FRANCISCO-Thanks in part to a double-digit gain in e-commerce sales, Williams-Sonoma’s third quarter ending on Nov. 2 produced an increase of 14.4 percent in net income, which totaled $64.9 million. Net revenues from the e-commerce sector jumped 14.7 percent, helping Williams-Sonoma’s overall net revenues to an 8.7 percent pickup, to $1.1 billion. Laura Alber,More »

Last updated: November 20, 2014

Best Buy Net Nearly Doubles in Q3

Best Buy Posts Q1 Loss

MINNEAPOLIS-Reduced expenses and a slight gain in sales bolstered Best Buy’s third-quarter net income to the tune of 98.1 percent, to $107 million. Selling, general and administrative expenses were slimmed by 5.3 percent in dollars and 120 basis points as a percentage of sales, to 20.6 percent. Net sales in the quarter, which ended onMore »

Last updated: November 20, 2014

Dollar Tree Q3 Net Rises 6.1 Percent

Dollar Tree

CHESAPEAKE, Va.-As the drama continues surrounding the acquisition of Family Dollar by either Dollar General or Dollar Tree, the latter reported a gain of 6.1 percent in its third-quarter net income, which came to $133 million. Net sales in the quarter, which ended on Nov. 1, reached $2.1 billion, up 11.2 percent from last year’sMore »

Last updated: November 20, 2014

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