Retail

Walmart Launches Campaign to Reinforce Price Leadership

Walmart Launches Campaign to Reinforce Price Leadership

BENTONVILLE, Ark.—Walmart has debuted an effort to reinforce its price-leadership promise to shoppers, including an advertising campaign and a broadened product assortment. In a statement about the new initiatives, the retailer said it would “reinvigorate the fundamental price promise” by increasing store-manager and buyer checks on its competition, and partnering with its suppliers to lowerMore »

NRF Projects Retailer Container Traffic to Rise 9 Percent in April

NRF Projects Retailer Container Traffic to Rise 9 Percent in April

WASHINGTON–Import cargo volume at the nation’s major retail container ports should increase by 9 percent this month, versus April 2010, according to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates. This prediction is based on the continuing economic recovery and retailers’ expectations for sales increases this summer and beyond,More »

Tuesday Morning Third-Quarter Sales Edge Up 1.3 Percent

Tuesday Morning Third-Quarter Sales Edge Up 1.3 Percent

DALLAS–Third-quarter net sales for Tuesday Morning rose 1.3 percent to $174.3 million, according to a preliminary report from the closeout retailer. The sales gain included an increase of 0.7 percent in same-store sales for the quarter, which ended on March 31. Kathleen Mason, president and CEO, said Tuesday Morning was able to push up salesMore »

Tempur-Pedic Projects Records for First-Quarter Sales, Earnings

Tempur-Pedic Projects Records for First-Quarter Sales, Earnings

LEXINGTON, Ky.–Tempur-Pedic said it expects record net sales and earnings for its fiscal first quarter. When the numbers are counted, according to a preliminary company statement, first-quarter sales should total about $325 million, while earnings per share should come in at between 67 cents and 68 cents. “First-quarter sales and profits exceeded our prior expectationsMore »

March Retail Sales Off for Major Chains

NEW YORK–The move of Easter from early April last year to late in the month this year was a key factor in a tepid U.S. retail sales performance in March. Five of the eight major retail chains tracked by HFN posted declines in same-store sales last month. The biggest drop came from Kohl’s, whose comparable-storeMore »

Strong Sales, Expense Controls Drive Bed Bath & Beyond Gain

Strong Sales, Expense Controls Drive Bed Bath & Beyond Gain

UNION, N.J.–Thanks to a significant gain in net sales and the company’s wary eye on expenses, Bed Bath & Beyond closed its fiscal year with a 25 percent increase in fourth-quarter net income, to $283.5 million. Net sales in the quarter, which closed on Feb. 26, rose 12 percent to $2.5 billion. While selling, generalMore »

Pier 1 Net Jumps 65 Percent in Q4, Announces Three-Year Growth Plan

Pier 1 Net Jumps 65 Percent in Q4, Announces Three-Year Growth Plan

FORT WORTH, Texas–Ending what Alex Smith, president and CEO, called “truly an exceptional year,” Pier 1 Imports registered a 65 percent gain in fourth-quarter net income, to $57.1 million. The home-furnishings retailer is also on the march for more growth. It has formulated a three-year plan that will ultimately transform Pier 1 into a fullMore »

Sandra Lee Home Line to Appear in Sears and Kmart

Sandra Lee Home Line to Appear in Sears and Kmart

NEW YORK-Sears Holdings has reached an agreement with Sandra Lee, the television star and author, for an exclusive collection of home products to be offered in Sears and Kmart stores under the brand Sandra by Sandra Lee. The initial collection, which will reach the stores in spring 2012, will consist of cookware, utensils, gadgets, bakeware,More »