Retail

Lowe’s Net Gains 16.7 Percent in Fiscal Year

lowe's

MOORESVILLE, N.C.-With home improvement enjoying an economic renaissance throughout the year, Lowe’s posted an increase of 16.7 percent in its fiscal-year net income, which totaled $2.3 billion. Net income for the fourth quarter, which ended on Jan. 31, totaled $306 million, up 6.3 percent from the prior year’s fourth quarter. Net sales for the yearMore »

Ideeli Revamps Website

ideeli Gains $30 Million Funding

NEW YORK-Flash-sale website Ideeli.com, which was recently acquired by Groupon, has unveiled a newly redesigned website with all new design and navigation to make it easier for customers to shop its collection of fashion, apparel and home decor deals. “Now that we’ve officially joined the Groupon family and broadened our reach, it’s a great timeMore »

Macy’s Net Blooms for Q4, Fiscal Year

Macy’s Inc.

CINCINNATI-Macy’s posted increases of 11.1 percent and 11.3 percent in fourth-quarter and fiscal-year net income, respectively, resulting in its fifth straight year of double-digit growth in earnings per share. The bottom-line totals were $811 million for the quarter and $1.5 billion for the fiscal year, which ended on Feb. 1. Net sales in the quarterMore »

Consumer Confidence Slips in February

Conference Board

NEW YORK-Concerns over the economy’s short-term outlook ended the consumer confidence index’s brief two-month streak of gains in February. As compiled by The Conference Board, the index was down 1.3 points to 78.1. A Conference Board statement said the expectations index, one of the two main components to the overall indicator, dragged consumer confidence downMore »

Home Depot Net Falls in Q4, Skies for Fiscal Year

Home Depot

ATLANTA-Although net income for the fourth quarter edged slightly downward, The Home Depot ended its fiscal year with an 18.7 percent gain in net income, to $5.4 billion. Net income for the quarter, which ended on Feb. 2, was $1 billion, down 0.8 percent. Net sales for the home-improvement retailer reached $78.8 billion for theMore »

Havertys Net Jumps 42.8 percent in Q4

Havertys

ATLANTA-With its turnaround in full throttle, Havertys ended its fiscal year with increases of 42.8 percent and 116.4 percent in its fourth-quarter and fiscal-year net income, respectively. Net income in the quarter totaled $9.7 million, bringing the bottom line for the year to $32.3 million. Clarence Smith, Havertys’ chairman, president and CEO, called the resultsMore »

Dillard’s Net Falls 26.2 Percent in Q4

dillards-logo

LITTLE ROCK, Ark.-Lagging sales and margins hurt Dillard’s financial performance for both the fourth quarter and the fiscal year. The retailer reported a 26.2 percent drop in fourth-quarter net income, to $119.1 million, bringing its bottom-line total for the year (which ended on Feb. 1) to $323.7 million, down 3.7 percent. Net sales in theMore »

Bed Bath & Beyond Tabs Elliott for Board

Geraldine Elliott

UNION, N.J.-Geraldine Elliott has been elected to the Bed Bath & Beyond board of directors as an additional independent member. Elliott is executive vice president and chief customer officer of Juniper Networks, which provides applications and services for business networks. Her election brings the number of Bed Bath board members to 10. Steven Temares, BedMore »