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Sears Holdings Narrows Loss in Second Quarter

Sears Holdings Narrows Loss in Second Quarter

HOFFMAN ESTATES, Ill.—Sears Holdings reported a second-quarter net loss of $39 million, as compared to the net loss of $94 million it posted in the second quarter of last year. The parent company of Sears and Kmart was able to keep its expenses in check during the quarter, with selling, general and administrative expenses slippingMore »

Ross Stores Bolsters Bottom Line by 25 Percent in Second Quarter

Ross Stores Bolsters Bottom Line by 25 Percent in Second Quarter

PLEASANTON, Calif.–Net income for Ross Stores finished the second quarter at $129.3 million, 25 percent better than in the second quarter of 2009 and a record for the off-price retail company. The profit level improved thanks to an 8.1 percent gain in second-quarter net sales to $1.2 billion (including a same-store sales rise of 4More »

Top Home Retailers Report Available

Top Home Retailers Report Available

NEW YORK–HFN’s Top Home Retailers Report is now available at a special introductory price. It is the industry’s only total home list of the biggest retailers in the business. For more information, contact https://store.macfad.com/content/top-retailers-home-furnishings

WOW Awards Recipients Cited

WOW Awards Recipients Cited

GREENSBORO, N.C.–WithIt, the women’s leadership development network serving the home-furnishings industry, has announced the winners of the 2010 WOW Awards, which recognize individuals and/or corporations that contribute to the success and growth of the industry. Kathy Wall, president of The Media Matters, has received the Mentoring Award acknowledging advocacy, development and/or promotion of women inMore »

Lifetime Brands Relaunches Corporate Web Site

Lifetime Brands Relaunches Corporate Web Site

GARDEN CITY, N.Y.–Lifetime Brands has relaunched its corporate Web site with videos, tips, product information and photography, a 360-degree showroom and more. “Our new Web site offers consumers, investors, retailers and media a closer look at our company, our brands and the innovative products we design, market and manufacture for use in homes across theMore »

Sleepy’s Hosts Relay for Life Event

HICKSVILLE, N.Y.–Sleepy’s hosted the Corporate American Cancer Society Relay for Life event earlier this month. More than 450 company employees and their families, along with a number of Sleepy’s vendors, attended the event, which featured a variety of activities including a dunk tank, pony rides and a barbecue. A make-shift track was set up onMore »

Target Boosts Second-Quarter Profit by 14.3 Percent

Target Boosts Second-Quarter Profit by 14.3 Percent

MINNEAPOLIS—Second-quarter net income for Target registered at $679 million, up 14.3 percent from the second quarter of one year ago. Net sales for the mass-merchant retailer rose 3.8 percent to $15.1 billion, which included a 1.7 percent increase in same-store sales. The company’s bottom line benefited from “thoughtful control of expenses,” said Gregg Steinhafel, Target’sMore »

Net Rises 2 Percent for BJ’s in Second Quarter

Net Rises 2 Percent for BJ’s in Second Quarter

NATICK, Mass.—Second-quarter net income edged up 2 percent for BJ’s Wholesale Club, totaling $35.8 million. The warehouse club’s results included an 8.6 percent jump in net sales to $2.7 billion, which included a 4.4 percent rise in comparable-club sales. Much of the same-store increase came from gasoline sales; without sales at the pumps, BJ’s comparable-clubMore »