Retail

Dollar Tree Boosts Fourth-Quarter Net by 20 Percent

Dollar Tree Boosts Fourth-Quarter Net by 20 Percent

CHESAPEAKE, Va.–Fourth-quarter net income for Dollar Tree finished at $162.5 million, 20 percent ahead of the bottom line for last year’s fourth quarter. The results wrapped up a fiscal year in which the discount retailer set records for both sales and earnings for both the quarter and the year as a whole. Net sales forMore »

TJX Net Falls 15 Percent in Fourth Quarter

TJX Net Falls 15 Percent in Fourth Quarter

FRAMINGHAM, Mass.–Rising expenses hurt the bottom line of The TJX Cos. in the fourth quarter, to the tune of a 15 percent decrease in net income to $334.4 million. The off-price retail company saw its selling, general and administrative expenses jump 20 percent in dollars and 192 basis points as a percentage of sales, toMore »

Lowe’s Net Balloons 39 Percent in Fourth Quarter

Lowe’s Net Balloons 39 Percent in Fourth Quarter

MOORESVILLE, N.C.–Stringent expense controls fueled a 39 percent gain in net income for Lowe’s in its fourth quarter, to $285 million. Selling, general and administrative expenses for the quarter, which ended on Jan. 28, were virtually flat on a dollar basis and dropped 65 basis points as a percentage of sales, to 26.6 percent. Also,More »

Fourth-Quarter Net Jumps 38 Percent for Dillard’s

Fourth-Quarter Net Jumps 38 Percent for Dillard’s

LITTLE ROCK, Ark.–Thanks to strong controls over expenses and inventory, Dillard’s finished its fiscal year with a 38 percent gain in net income in its fourth quarter, to $109.6 million. The department-store retailer kept selling, general and administrative expenses under wraps. In dollars, SG&A increased by just 2.4 percent, and as a percentage of sales,More »

Walmart Net Up 4.3 Percent in Fourth Quarter

Walmart Net Up 4.3 Percent in Fourth Quarter

BENTONVILLE, Ark.–Walmart posted a 4.3 percent gain in net income, to $5 billion, in its fiscal fourth quarter ending Jan. 31. An 8.9 percent gain in international sales drove Walmart’s total net sales to $115.6 billion for the quarter, an increase of 2.5 percent. Net sales in the company’s U.S. stores fell 0.5 percent inMore »

NRF: U.S. Retail Sales to Rise 4 Percent in 2011

NRF: U.S. Retail Sales to Rise 4 Percent in 2011

WASHINGTON–U.S. retail sales are expected to increase by four percent in 2011, according to a forecast from the National Retail Federation. NRF based its prediction on several positive developments, including seven consecutive months of retail-sales growth and better-than-expected results from the 2010 holiday shopping season. The association added that other factors—including small businesses holding backMore »

Macy’s Net Jumps 50 Percent in Fourth Quarter

Macy’s Net Jumps 50 Percent in Fourth Quarter

CINCINNATI–On the back of what the company described as a “successful” holiday shopping season, Macy’s firmed its bottom line by 50 percent in its fiscal fourth quarter, to $667 million. Net sales increased by 5.4 percent to $8.3 billion in the quarter, which ended Jan. 29. This included a comparable-store sales rise of 4.3 percent.More »

Home Depot Net Rises 72 Percent in Q4

Home Depot Net Rises 72 Percent in Q4

ATLANTA–The fiscal year came to a happy end for The Home Depot, with net income jumping 72 percent to $587 million. Net sales for the quarter, which ended Jan. 30, edged up 3.8 percent to $15.1 billion. However, Home Depot was able to trim operating expenses by 1.9 percent on a dollar basis and 161More »