Lowe’s earns $404 million in ‘slow-growth’ Q3

Up 17.4% from the third quarter of 2009, Lowe’s reported net earnings of $404 million in this year’s 3Q tally of 2010. Chairman and CEO, Robert A. Niblock, said that the company was prepared to continue its effective operations during the slow growth market. The N.C.-based Corporation is planning to open 17 new stores by the end of the fourth quarter…Read More

Staples reports 3Q income growth

Staples posted $6.5 billion in company sales for the 3rd quarter 2010, a slight increase from the previous year. Ron Sargent, chairman and CEO, pointed out the company’s improvement on both the North American an International front due to its solid execution of long-term growth investment…Read More

Sears Holdings third quarter disappoints

Sears Holdings sales dropped for a second consecutive year finishing the third quarter at a net loss of $218 million. Bruce Johnson, interim chief executive officer and president, cited lower sales of apparel and appliances as the main reason for the company’s revenue slide…Read More

Dollar Tree reports strong Q3, raises guidance

Dollar Tree posted a 14.2% total net sales increase for the third quarter. Compared to 2009, the company’s earnings per diluted share increased by 43%, with estimated 4th quarter sales ranging from $1.72 billion to $1.76 billion…Read More

Home Depot grows sales and income in Q3

Home Depot posted positive growth in both its comp store sales and net earnings in the 3Q. The report came out a day after Lowe’s posted a sales increase of 1.9%. The Atlanta based company expects sales to increase by 2.2% before the end of the fiscal year…Read More

Dick’s Sporting Goods Q3 profit falls

Dick’s Sporting Goods saw a small drop of their net income from a year ago, ending the third quarter at $16.9 million. Sales however rose 9% posting final numbers at $1.08 billion, up from last years $990 million. With 12 new stores opening in the third quarter, chairman and CEO, Edward W. Stack recently stated that he remains extremely optimistic about the company’s ability to double their network and fuel future growth…Read More

Sam’s to offer iPhone and iPad

Sam’s Club will be joining other large retailers in offering two of Apple’s most popular products, the iPad and iPhone. During a Wednesday morning presentation, executive vice president of merchandising, Linda Heffner, announced the company’s decision to a panel of financial analysts…Read More

Pershing Square and Vornado take combined 26.7% stake in J.C. Penney

The New York hedge-fund company, Pershing Square Capital Management LP, has taken control of 16.8% of JC Penny stock; while Vornado, a real estate investment trust, acquired 9.9%. Led by co-investment manager, William Ackman, Pershing Square announced its purchase on Friday, making it the largest shareholder of the department store conglomerate…Read More

Costco’s profit up 16% in Q4

As international markets outgained the United States by more than double, Costco, the largest membership warehouse club chain in the United States, posted a profit of $432 million. Beating out the original estimates of financial analysts, the company’s profits increased by 16% in the 4th quarter – outshining last year’s mark of $374 million. Membership fees helped contribute to the 8% rise in revenue to $24.12 billion, slightly under Wall Street’s projection of $24.23 billion…Read More

Survey: Amazon Leads the Pack in Consumer Confidence

In a survey taken by the OC&C Proposition Strength Index, Amazon.com ranked first among consumers’ selection of the highest quality retailer. Costco, the Apple Store, Barnes & Noble and Lowe’s also scored high marks. The global strategy firm’s consumer study, which surveyed 2,700 people, was conducted in an effort to better understand the level of customer satisfaction toward the top 50 retailers in the United States…Read More