Seattle Post-Intelligencer (Free subscription) | 08/28/2008
NEW YORK -- Rising sales in Asia and Europe boosted Tiffany & Co.'s second-quarter profit on Thursday, signaling that strong international demand for jewelry is helping offset U.S. economic weakness.
Forbes (Free subscription) | yesterday
As retailers continue to battle a troubled economy and the cost of food and fuel stays high, many consumers have cut down on impulse purchases and bulked up on necessities, which have taken a toll on stores that offer discretionary items. But companies that have a strong brand and sell products that are uniquely branded have come out ahead.Case in point: Tiffany & Co.), which caters to...
The Atlanta Business Chronicle (Free subscription) | 08/28/2008
DSW Inc. reported higher sales and profit in its second quarter, but also showed a drop in same-store receipts for the three months. (DSW) (RVI)
The Business First of Columbus (Free subscription) | 08/28/2008
DSW Inc. reported higher sales and profit in its second quarter, but also showed a drop in same-store receipts for the three months. (DSW) (RVI)
Star Tribune (Free subscription) | 08/28/2008
"While they now have the excuse of a slower economy to hide behind and they used it as such in their release, results were weak," Credit Suisse analyst Gary Balter told investors in a research note. "Despite the weakness, the company is clinging to the belief that its second half will be stronger, helped by massive expense cuts and by pulling inventory lower. ... We have seen this picture before and...
The Earth Times Online Newspaper (Free subscription) | 08/26/2008
NEW YORK (Reuters) - Big Lots Inc posted a higher-than-expected profit as shoppers sought low prices at its stores, but shares fell 6 percent after it said same-store sales for the rest of the year would likely trail the first half.
Globe and Mail (Free subscription) | 08/26/2008
Big-ticket items lead way to 1.8 per cent same-store sales in 13 weeks ending Aug. 2
PR News Wire (Free subscription) | 08/26/2008
- Second quarter net sales decreased 7.1% to $405.2 million - Second quarter net income was $6.7 million, or $0.04 cents per diluted share - Company opened 19 net new stores and relocated/expanded 7 existing stores during quarter - August consolidated comparable store sales at negative 10.7% through August 24th FORT MYERS, Fla., Aug. 26 /PRNewswire-FirstCall/...
Nikkei (Free subscription) | 08/22/2008
Supermarket Sales Climb 0.9% In July, 1st Rise In 4 MonthsTOKYO (Nikkei)--Same-store sales at the nation's supermarkets edged up 0.9% in July from a year earlier to 1.12 trillion yen, the first increase in four months, according to data released Friday by the Japan Chain Stores Association.
CE Pro News (Free subscription) | yesterday
... is owned by Sears Holdings.The company's total revenue fell 4 percent to $11.8 for the quarter. Same store sales fell 6.2 percent. Total revenue slipped about 4 percent to $11.8 billion for the three months ended Aug. 2, compared to $12.3 billion for the second quarter of 2007.Comparable Store Sales Drop 6.2 PercentSears Domestic's comparable store sales...
MSNBC.com: Top MSNBC Headlines (Free subscription) | 08/28/2008
Sears Holdings Corp. offered a downbeat outlook Thursday, predicting that sales and gross profit margins will likely continue to be pressured for the rest of the year.
Seeking Alpha (Free subscription) | yesterday
Greg Feirman submits: On Thursday, four prominent retailers released earnings reports that show that U.S. consumer spending is clearly in a recession: Men’s Warehouse (MW) - “You’re gonna like the way you look. I guarantee it!” - reported a 7.8% decrease in same store sales at the 572 U.S. locations of its flagship store in its second quarter ended August 2, 2008. EPS was...
Mediabuyerplanner (Free subscription) | 08/28/2008
, the U.S.'s biggest department store company, saw Q2 profit plummet 62 percent. Same store sales in the U.S. dropped 6.2 percent, including a 5.6 percent drop at Kmart and a 6.7 percent drop at...
The Earth Times Online Newspaper (Free subscription) | 08/28/2008
By Karen JacobsATLANTA (Reuters) - Sears Holdings Corp posted a quarterly profit that fell far short of Wall Street expectations and cut its full-year earnings forecast as consumers scaled back shopping in a weak U.S. economy.The retailer controlled by hedge fund manager Edward Lampert said on Thursday it expects the U.S. housing slump, coupled with higher food and gas prices, to pressure sales...
Just Style (Free subscription) | 08/28/2008
Fabric and craft retailer Jo-Ann Stores posted a slimmer net loss of US$11.7m in the company's second quarter, down 36% on the same period last year.
