Costco outperformed expectations on Wednesday, posting a higher quarterly profit than what was originally predicted by financial analysts. Despite the belief that tougher comparisons would slow down sales during the holiday season, the company’s sales growth continued to build momentum as the quarter progressed, due in part to strong sales and increased revenue fee. Analysts attribute the better-than-expected results from the improvements in the California market, which is responsible for more than a quarter of Costco’s sales….Read More
Costco Posts Profits, Home Depot Expects Earnings Rise
/in Costco Wholesale, Home Channel News /by tashmanDespite analyst expectations, Costco posted profit earnings of $312 million for its first fiscal quarter. Up 71 cents per share from 60 cents per share from the same quarter last year, Costco’s sales rose to $18.8 billion. In other news, Home Depot is expecting an earnings per share rise of 27% for fiscal 2010….Read More
Home Depot Shares Forecast at the Investor and Analyst Conference
/in Home Channel News /by tashmanThe Home Depot shared some key planning and financial insights to the business community during the December Investor and Analyst Conference. Among key points highlighted were the company’s projected sales increase for 2011, its plan to open 10 new stores, and its interconnecting retail plan for the New Year. New retail locations will be opening up in Mexico, Canada and the United States. The company also will be rolling out a new mobile application to help customers shop online more efficiently….Read More
Retailers Tackle Eco-Friendly Concerns
/in Home Channel News /by tashmanA recent new survey of 95 U.S retailers shows the impatience growing for a lack of consumer sales of eco-friendly products. In response, retailers are now pursuing their own sustainable efforts to increase energy efficiency within their stores. The report also highlights a willingness of companies to educate their customers to invest in more environmentally friendly products….Read More
Costco Outperforms Financial Predictions
/in Home Channel News /by tashmanCostco outperformed expectations on Wednesday, posting a higher quarterly profit than what was originally predicted by financial analysts. Despite the belief that tougher comparisons would slow down sales during the holiday season, the company’s sales growth continued to build momentum as the quarter progressed, due in part to strong sales and increased revenue fee. Analysts attribute the better-than-expected results from the improvements in the California market, which is responsible for more than a quarter of Costco’s sales….Read More
Sam’s Offers New Installation Service
/in Home Channel News /by tashmanSam’s Club is offering their customers a new home and business installation service. Third party vendors will be available to help deliver, assemble and/or install items purchased from more than one of the company’s 600 stores nationwide. The new service is meant to simplify the delivery and set up process for its customers. Senior director, Mike Swatsworth, recently expressed the notion that customers should enjoy their purchases without having to endure the hassle of installing products themselves during the holiday season….Read More
Home Depot Predicts Sales and Profits Rise For 2011
/in Home Channel News /by tashmanHome Depot is expecting both sales and profits to rise next year due in part to the retail conglomerate’s plan to open 10 new stores. The expectation is that sales will grow by over 2% while its operating margin will improve by 30 to 40 percentage points. Earnings per share are also expected to rise from its continued operations growth before share repurchases to somewhere in between 7% to 9%….Read More
Industry Backdrop Still Mixed, But Reasons Exist to Be a Home Depot Bull
/in Home Channel News /by tashmanDIY modelers and general contractors in 2010 are preaching one theme; and that is to upgrade conservatively to one’s fixed investment. However, based on 3Q earnings calls and investor presentations, Home Depot and Lowe’s are forecasting bullish internal opportunities for a percentage earnings growth in the double digits. These opportunities revolve around several factors including customer service, improved merchandising and the utilization of technology to help streamline operating functions…Read More
Deloitte’s 25th Annual Holiday Survey
/in Dimisi LLC /by tashman[gview file=”http://newsbytashman.com/dimisi.pdf”]
Lowes to Launch Interactive Online Site in 2011
/in Lowe's Home Improvement Warehouse /by tashmanIn a move to become more socially integrated with its customers, Lowe’s will be launching a customer-focused portal on its e-commerce platform by mid-year 2011. MyLowes.com will allow customers to communicate freely and share information with the company’s employees in order to help themselves track their transaction histories, check their protection plans and share vital project information with others. As an addition, the company will also be focusing online resources to help new homeowners with specific safety and improvement guidelines for their newly acquired homes…Read More
Costco to Stop Selling Apple Products
/in Costco Wholesale /by tashmanCostco will be stopping its distribution of Apple products from its stores. According to iLounge, the wholesale retailer was unable to attain stock of Apple’s merchandise; and as a result, will be phasing out the company’s products from it shelves. Last November, Costco ran into a similar situation when it stopped selling Coca Cola products, only to resume sales once the companies ironed out their business relationship… Read More