Retail

Retail Sales Rise for Fourth Straight Month

Retail Sales Rise for Fourth Straight Month

WASHINGTON–Sales by U.S. retailers totaled $373.1 billion in October, up 1.2 percent over September and registering the fourth consecutive month of sales growth. The total was also 7.3 percent ahead of October 2009 sales figures. The star performer among the retail channels was the auto sector, whose sales jumped 5 percent month over month. AmongMore »

Net for Home Depot Jumps 21 Percent in Q3

Net for Home Depot Jumps 21 Percent in Q3

ATLANTA–Third-quarter net income for The Home Depot rose 21 percent to $834 million. The home-improvement retailer managed this largely through its wary eye on expenses. Net sales for the quarter, which ended on Oct. 31, rose by only 1.4 percent to $16.6 billion, with same-store sales rising by the same 1.4 percent. But Home DepotMore »

National Home Furnishings Month Promotes Partnerships

National Home Furnishings Month Promotes Partnerships

LAS VEGAS-Participation in the second annual National Home Furnishings Month in September increased 30 percent over the inaugural year, according to World Market Center Las Vegas, which sponsored the event. More than 9,000 retailers nationwide participated in the marketing initiative, which included taking advantage of a listing on the homeyet.com store locator section, a complementaryMore »

SustainAbility to Return to Gift Fair

SustainAbility to Return to Gift Fair

WHITE PLAINS, N.Y.–Once again, SustainAbility: design for a better world will be part of the New York International Gift Fair’s winter edition. GLM, owner and manager of the Gift Fair, said SustainAbility will be “a multifaceted program,” incorporating nearly 200 “green” gift, home and lifestyle products from 85 companies throughout the world in its juriedMore »

Walmart to Offer Free Home Shipping During Holiday Season

Walmart to Offer Free Home Shipping During Holiday Season

BENTONVILLE, Ark.–Walmart will provide free home shipping on nearly 60,000 holiday items, with no minimum purchase requirement or subscription fees, now through Dec. 20. Among the categories covered in this offer are furniture, home appliances, all electronics, select video games, toys, jewelry and baby products. The offer complements Walmart’s Site to Store program, which providesMore »

J.C. Penney Boosts Q3 Net 63 Percent, Launches Growth-Brands Division

J.C. Penney Boosts Q3 Net 63 Percent, Launches Growth-Brands Division

PLANO, Texas—J.C. Penney reported a 63 percent gain in third-quarter net income as the retailer introduced its new growth-brands division. The bottom line in the quarter, which ended Oct. 30, was helped by a 4.9 percent reduction in total operating expenses, which included a 3.8 percent decline in selling, general and administrative expenses, along withMore »

Dillard’s Net Jumps 80 Percent in Third Quarter

Dillard’s Net Jumps 80 Percent in Third Quarter

LITTLE ROCK, Ark.–Third-quarter net income for Dillard’s rose 80 percent to $14.4 million, thanks to the retailer’s efforts and inventory and expense controls. Controls on inventory, which for comparable stores declined 2 percent, helped push up gross margin by 190 basis points to 36.3 percent. Advertising, selling, administrative and general expenses edged down 0.9 percentMore »

Net Income Flat for Kohl’s in Third Quarter

Net Income Flat for Kohl’s in Third Quarter

MENOMONEE FALLS, Wis.–Kohl’s registered net income of $194 million for the third quarter ending Oct. 30, one-half of 1 percent above the retailer’s net for last year’s third quarter. The company’s flat bottom-line performance occurred largely because of an 8.4 percent bump up in selling, general and administrative expenses—which also finished the quarter at 26.4More »