Retail

Home Depot Boosts Q1 Net 12.5 Percent

Home Depot

ATLANTA-With help from the sale of a portion of its equity ownership in HD Supply Holdings, The Home Depot realized a 12.5 percent gain in first-quarter net income, which totaled $1.4 billion. That sale resulted in an earnings benefit, net of tax, of $61 million. Net sales increased 2.9 percent to $19.7 billion in theMore »

hhgregg Posts Q4 Loss

hhgregg

INDIANAPOLIS-hhgregg ended its 2014 fiscal year on a sour note, reporting a net loss in its fourth quarter of $7.2 million, compared to net income of $9.9 million in its fourth quarter of last year. The loss dampened the retailer’s net income for the fiscal year as a whole, which ended on March 31, toMore »

Q1 Sales Up for J.C. Penney

J.C. Penney

PLANO, Texas–J.C. Penney posted a loss of net income of $352 million in the first quarter ended May 3, compared to a $348 million loss in the year-ago period, but reported a 6.3 percent net sales increase, to $2.80 billion. Same-store sales increased 6.2 percent and improved sequentially each month within the quarter, the retailerMore »

Weather Knocks Walmart Q1

Walmart

BENTONVILLE, Ark.-The severe winter weather of early this year proved to be a major factor in the 5 percent drop in Walmart’s net income for the first-quarter ending April 30, which totaled $3.6 billion. In a conference call from Walmart’s management discussing the results this morning, Doug McMillon, Walmart’s president and CEO, said the “disruptive”More »

Kohl’s Q1 Net Falls 15 Percent; Sets “Greatness Agenda”

Kohl’s

MENOMONEE FALLS, Wis.-In a quarter in which the company failed to achieve its sales goals, Kohl’s posted first-quarter net income of $125 million, down 15 percent from a year ago. Net sales fell 3.1 percent to $4.1 billion, including a decrease in same-store sales of 3.4 percent in the quarter, which ended on May 3.More »

Hayneedle Home Catalog Now on Zillow

Hayneedle

OMAHA, Neb.-Hayneedle.com is now offering its complete line of home furnishings on Zillow, the real-estate information website. The two sites have reached a marketing agreement which will give Zillow site visitors the ability to browse Hayneedle’s entire home furnishings line “alongside utility estimates and other home expenses,” according to a Hayneedle statement. The home siteMore »

Fab Opens First Solo Pop-Up Showroom

Fab

NEW YORK–Online design retailer Fab.com has opened its first solo showroom, a two-level open space located in SoHo on Wooster Street here. Open to the public through June, the showroom allows consumers to experience off-line what it has previously only available online, said a spokesperson. The showroom signals the company’s first real push into privateMore »

Sears to Explore Sale of Sears Canada

Sears Canada

HOFFMAN ESTATES, Ill.-Sears Holdings said it is considering a possible sale of its 51 percent stake in Sears Canada or a potential sale of Sears Canada as a whole, along with other strategic alternatives. The company said it intends to hire an investment banking firm to explore all of the alternatives. Meanwhile, Sears Canada’s boardMore »