Retail

Ross Increases Net 15 Percent in Fourth Quarter

Ross Increases Net 15 Percent in Fourth Quarter

PLEASANTON, Calif.–Improved merchandise margins and a healthy sales gain fueled Ross Stores to a 15 percent increase in fourth-quarter net income, to $161.8 million. The retailer’s gross margin rose 105 basis points to 27.2 percent, and net sales for the quarter, which ended on Jan. 29, picked up 8.4 percent to $2.1 billion. The gainsMore »

Replacements Celebrates Anniversary by Breaking Ground on Habit House

Replacements Celebrates Anniversary by Breaking Ground on Habit House

GREENSBORO, N.C.–Tabletop retailer Replacements is celebrating the company’s 30th anniversary today by kicking off construction on a Habitat for Humanity house. Replacements’ volunteer crew gathered just after sunrise to start framing the new home, followed by an official celebration event later in the morning. “I can’t think of a better way to celebrate,” said founderMore »

Home Depot to Hold “Spring Black Friday” Event

Home Depot to Hold “Spring Black Friday” Event

ATLANTA-The Home Depot will implement its second annual Spring Black Friday event, a weekend of regional door buster values in preparation for spring, the company’s biggest selling season.  Like the traditional Black Friday that occurs the day after Thanksgiving to unofficially start the holiday shopping season, The Home Depot’s Spring Black Friday marks the startMore »

Williams-Sonoma Gains 28 Percent in Fourth-Quarter Net

Williams-Sonoma Gains 28 Percent in Fourth-Quarter Net

SAN FRANCISCO–A strong gain in direct-to-customer revenues and tight expense controls combined to propel Williams-Sonoma’s fourth-quarter net income by 28 percent, to $113.4 million. Fueled by a 17 percent increase in direct-to-customer revenues, total net revenues in the quarter, which ended on Jan. 30, were $1.2 billion, up 9.7 percent. Selling, general and administrative expensesMore »

Family Dollar Boosts Same-Store Sales 5.1 Percent in Q2

Family Dollar Boosts Same-Store Sales 5.1 Percent in Q2

MATTHEWS, N.C.–Same-store sales for Family Dollar rose 5.1 percent in its fiscal second quarter, which ended Feb. 26. A statement from the discount retailer said a strong February, which delivered springlike weather in many of its locations, helped offset a January in which sales took a hit from the winter storms throughout the nation. ConsumablesMore »

Navarre New CEO of Croscill, Glenoit, Excell

Navarre New CEO of Croscill, Glenoit, Excell

NEW YORK–Marc Navarre has been named the president and chief executive officer of Croscill, Glenoit and Excell. Most recently, Navarre was the president and CEO of Groupe SEB, North America, where he oversaw the management of housewares brands such as All-Clad, T-Fal, WearEver, Rowenta, Moulinex and Krups. Previously, Navarre served as the president and CEOMore »

Walmart Sets Plans for New Smaller Format in U.S.

Walmart Sets Plans for New Smaller Format in U.S.

BENTONVILLE, Ark.-Walmart will debut new, smaller-format stores in the United States, which will be called Walmart Express. Speaking at yesterday’s Bank of America Merrill Lynch Consumer Conference, Bill Simon, president and chief executive officer of Walmart U.S., said the new Walmart Express format will measure roughly 15,000 square feet. The company is still developing theMore »

Sales in Home Retail Channels Fall in February

Sales in Home Retail Channels Fall in February

WASHINGTON-While February was an upbeat month for U.S. retailers as a whole, the furniture and home-furnishings sector registered a down month. Sales at furniture and home-furnishings stores were off 0.8 percent from January and fell four percent from February of last year, totaling $7.4 billion on an adjusted basis, according to figures released this morningMore »