Tag Archives: Net sales

Belk Q2 Net Up 0.3 Percent, to Invest in Strategic Initiatives

Belk

CHARLOTTE, N.C.-Belk’s second-quarter net income edged up 0.3 percent as sales for the southern department-store retailer gained marginally. Net sales in the quarter, which ended on Aug. 2, totaled $906.5 million, an increase of 0.8 percent and including a pickup of 0.6 percent in same-store sales. “While the beginning of the quarter was soft, salesMore »

Gordmans Posts $3.2 Million Loss in Q2

Gordmans

OMAHA, Neb.-Rising costs, particularly interest expense, put Gordmans into the red in its fiscal second quarter, to the tune of $3.2 million. Interest expense rose from $117,000 to $1.3 million, because of additional interest associated with a term loan the retailer entered into in August of last year to partially fund the cash dividend GordmansMore »

Best Buy Q2 Net Drops 45.1 Percent

Best Buy Posts Q1 Loss

MINNEAPOLIS-Declines in both sales and gross margin were key factors as Best Buy’s second-quarter net income fell 45.1 percent to $146 million. Net sales in the quarter, which ended on Aug. 2, were down 4 percent to $8.9 billion, including a 2.7 percent falloff in same-store sales. Gross margin dropped 340 basis points as aMore »

Tuesday Morning Cuts Losses for Q4, FY

TuesdayMorning_2014

DALLAS-Thanks to increased sales and margins, along with lower expenses, Tuesday Morning was able to drain some of the red ink from its bottom line for both the fourth quarter and the fiscal year ending on June 30. The fourth-quarter net loss totaled $7.4 million, compared to last year’s net loss of $15.6 million inMore »

J.C. Penney Slashes Q2 Loss as Sales Gain

J.C. Penney

PLANO, Texas-With net sales increasing for the second quarter in a row, J.C. Penney reported a net loss of $172 million in its fiscal second quarter, compared to a net loss of $586 million in the second quarter of last year. Net sales gained 5.1 percent to $2.8 billion in the quarter, which ended onMore »

Dillard’s Q2 Net Falls 5.5 Percent

Dillard’s

LITTLE ROCK, Ark.-Dillard’s second-quarter net income totaled $34.5 million, down 5.5 percent from last year’s second quarter, in what CEO William Dillard II characterized as a “somewhat” disappointing performance. Net sales in the quarter, which ended on Aug. 2, slipped 0.4 percent to $1.5 billion, even though same-store sales were up 1 percent. Home andMore »

Walmart Q2 Net Up 0.6 Percent as Sales Gain

Walmart

BENTONVILLE, Ark.-A modest gain in sales helped Walmart to an even more modest 0.6 percent increase in its second-quarter net income, which totaled $119.3 billion. Net sales in the quarter, which ended on July 31, reached $119.3 billion, which included flat same-store sales from both Walmart’s U.S. stores and from Sam’s Club warehouses. In addition,More »

Kohl’s Q2 Net Edges Up 0.4 Percent

Kohl’s

MENOMONEE FALLS, Wis.-Although sales trended somewhat downward, Kohl’s posted second-quarter net income of $232 million, up a slight 0.4 percent from the second quarter of last year. Net sales in the quarter, which ended on Aug. 2, were down 1.1 percent to $4.2 billion, which included a same-store sales decrease of 1.3 percent. Kevin Mansell,More »