Author Archives: Home Furnishings News

Walmart Posts $3.2 Billion Net in Third Quarter

Walmart Posts $3.2 Billion Net in Third Quarter

BENTONVILLE, Ark.–Walmart recorded net income of $3.2 billion in the third quarter, up 3.2 percent from the third quarter of last year. Net sales for the world’s largest retailer rose 1.1 percent in the quarter, reaching $98.7 billion. Operating, selling, general and administrative expenses increased 3 percent, while cost of goods sold was essentially flatMore »

Kohl’s Net Jumps 21 Percent in Third Quarter

Kohl’s

MENOMONEE FALLS, Wis.–Net income for Kohl’s finished the third quarter at $193 million, 21 percent higher than in the third quarter of last year. The department-store retailer accomplished this on a gain of 6.5 percent in net sales, which totaled $4.1 billion in the quarter. This pickup, which included a same-store sales boost of 2.4More »

J.C. Penney Posts Black Bottom Line in Third Quarter

J.C. Penney Posts Black Bottom Line in Third Quarter

PLANO, Texas–Taking itself by surprise, J.C. Penney posted net income of $27 million in the third quarter—after forecasting a possible net loss for the quarter. While the bottom-line total was down 78 percent from last year’s third quarter, the retailer said in a statement that the quarterly results were “significantly better than initial expectations.” NetMore »

Living and Entertaining to Debut at AmericasMart in January

AmericasMart

ATLANTA–Come this January, the Atlanta International Gift & Home Furnishings Market will see the launch of Living and Entertaining: Gifts, Tabletop & Accessories. The new name for the tabletop product center at AmericasMart is designed to reflect the product evolution of the tabletop and gift areas on floors eight and nine in Building 2. “WithMore »