Retail

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

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