Retail

2010 State of the Industry Report Released

2010 State of the Industry Report Released

NEW YORK–HFN’s 2010 State of the Industry Report—the only all-encompassing statistical source on home furnishings data—has been released and is now available for free online at our Web site, hfnmag.com. The 2010 report is presented online by the New York International Gift Fair. The report, also included in the April print edition of HFN, featuresMore »

Lowe’s Net Edges Up in Second Quarter

Lowe’s Net Edges Up in Second Quarter

MOORESVILLE, N.C.–Net income for Lowe’s totaled $489 million in the second quarter, an increase of 2.7 percent from the second quarter of a year ago. The rise in the bottom line came about largely because the home-improvement retailer’s net sales rose 4.7 percent to $12.4 billion in the quarter, which included a 2.4 percent gainMore »

Surtex: The Art of Business

Surtex: The Art of Business

By David Gill The numbers and the designs that will be on display both point to a positive atmosphere at Surtex, which takes place at the Jacob K. Javits Convention Center in New York City from May 16-18. There will be an estimated 250 exhibitors at this year’s show, up from 216 last year. TheMore »

Retail Alzheimer’s

Retail Alzheimer’s

OK, guys, has anybody learned anything? As the economy slowly creeps back, big business in general—and retailers specifically—will be put to a new test: Have the lessons so painfully learned over the past 24 months been absorbed and understood? Or is everyone just going to go back to doing things the way they used toMore »

Net Rises 140 Percent for J.C. Penney in First Quarter

J.C. Penney

PLANO, Texas-First-quarter net income for J.C. Penney registered $60 million, up 140 percent from the first quarter of one year ago. The department-store company managed to boost its bottom line largely through discipline over expenses. Its gross margin rose 96 basis points to 41.5 percent, while total operating expenses were essentially flat with last year’sMore »

Bottom Line Balloons for Dillard’s in First Quarter

Bottom Line Balloons for Dillard’s in First Quarter

LITTLE ROCK, Ark.-First-quarter net income for Dillard’s totaled $48.8 million, a whopping 534 percent greater than last year’s first quarter. The retailer accomplished this in spite of a 1.4 percent slip in net sales, which for the quarter totaled $1.5 billion. Dillard’s gross margin jumped 341 basis points to 38.3 percent, and the company trimmedMore »

U.S. Retail Sales Edge Upward in April

U.S. Retail Sales Edge Upward in April

WASHINGTON-Sales at U.S. retailers continued their slow but steady climb back up in April, totaling $366.4 billion on an adjusted basis or 0.4 percent ahead of March sales, according to the monthly retail-sales report from the U.S. Census Bureau. However, the total included slippages from both the general-merchandise and furniture/home-furnishings channels—with the former registering aMore »