Retail

Springs Global Posts Black Bottom Line in Third Quarter

Springs Global Posts Black Bottom Line in Third Quarter

MONTES CLAROS, Brazil–Springs Global reported net income of $7.6 million in the third quarter, reversing a $34.4 million net loss in the third quarter of last year. The company managed this in spite of a 13.9 percent drop in net sales, which totaled $322.7 million in the quarter. A Springs statement on the financial resultsMore »

Patina-V Opens Headquarters at 7 W New York

Patina-V Opens Headquarters at 7 W New York

NEW YORK–Patina-V, a specialist in retail displays, has selected 7 W New York as its showroom location. The company will open its new space, located in room 717 and measuring more than 4,000 square feet, on Dec. 9. The opening will coincide with the NADI Retail Design Collective, a trade show that spotlights retail visualMore »

Sears Reports $127 Million Loss in Third Quarter

Sears Reports $127 Million Loss in Third Quarter

HOFFMAN ESTATES, Ill.–Sears Holdings reported a net loss of $127 million for the third quarter, down from the $146 million net loss it posted for the third quarter of last year. The retail holding company said it was able to slim down the loss by trimming selling and administrative expenses by 2.4 percent, and throughMore »

J.C. Penney Discontinues Big Books, Moves to Targeted Catalogs and Online Marketing

J.C. Penney Discontinues Big Books, Moves to Targeted Catalogs and Online Marketing

PLANO, Texas-J.C. Penney will no longer publish its twice-year “big-book” catalogs, and has moved to a marketing approach integrating smaller and more targeted specialty catalogs with stores, online applications and digital marketing platforms, including social media. In a statement released this morning, the department-store retailer said it is discontinuing its “big books” partly because ofMore »

BJ’s Net Drops 37 Percent in Third Quarter

BJ’s Net Drops 37 Percent in Third Quarter

NATICK, Mass.-Net income for BJ’s Wholesale Club finished the third quarter at $17.7 million, 37 percent below the third quarter of one year ago. The retailer’s bottom line dropped despite a 2 percent gain in net sales in the quarter, which totaled $2.5 billion. Selling, general and administrative expenses rose 11.6 percent, while cost ofMore »

La-Z-Boy Reports Second-Quarter Net Income

La-Z-Boy Reports Second-Quarter Net Income

MONROE, Mich.-La-Z-Boy reversed a second-quarter loss from last year by posting net income of $5.7 million in this year’s second quarter. The furniture manufacturer and retailer sliced selling, general and administrative expenses by 16.6 percent and reported a drop of 16.2 percent in total cost of sales. In addition, La-Z-Boy’s interest expense was cut nearlyMore »

TJX Boosts Bottom Line by 47.5 Percent in Third Quarter

TJX Boosts Bottom Line by 47.5 Percent in Third Quarter

FRAMINGHAM, Mass.—Third-quarter net income for The TJX Cos. reached $347.8 million, up a dramatic 47.5 percent from the third quarter of a year ago. The company managed net sales of $5.2 billion, a 10 percent increase over last year’s third quarter, which included a 7 percent pickup in same-store sales. Among other positive results, U.S.More »

Target Net Climbs 18.4 Percent

Target Net Climbs 18.4 Percent

MINNEAPOLIS-Third-quarter net income for Target totaled $436 million, up 18.4 percent from the third quarter of last year. Net sales edged up 1.4 percent in the quarter, reaching $14.8 billion, with same-store sales slipping by 1.6 percent. Selling, general and administrative expenses were virtually break-even in the quarter, rising by just 0.3 percent; while costMore »