Retail Stores

PetSmart 4Q Net Rises on Strong Holiday
March 2, 2011

PetSmart's fourth-quarter net income rose 20 percent, helped by more customer transactions and a strong holiday season. The pet-supply chain's net income rose to $90.3 million, or 77 cents per share, from $75 million, or 61 cents per share, in the same period last year.

February Retail Sales Up
March 1, 2011

The top February same-store sales gains should come from warehouse club operator Costco and Saks, with estimated increases of 7.3 percent and 5.2 percent, respectively. 

Changing Retail Landscape Springs Mobile vs. In-Store Digital Debate
February 24, 2011

As use of digital signage increases, the price of equipment comes down, consumers become more mobile savvy, and digital and mobile begin to integrate through proximity technology, it becomes increasingly important for retailers to consider these new forms of communication.

Luxury Sector's Success Makes Way for More Deals
February 24, 2011

Wall Street bankers, the ultrawealthy and even upper-middle class shoppers are once again snapping up diamond rings, $10,000 handbags and designer gowns, priming the luxury sector for more deals.

Dillard's Same-Store Sales Climb
February 23, 2011

Dillard's said that its net income grew 38 percent in the fourth quarter as its sales improved and it better controlled expenses and inventory, sending shares up sharply in after-hours trading.

Barnes & Noble Profit Plummets 25%
February 23, 2011

Barnes & Noble reported that net income for the quarter ended Jan. 29 decreased 24.7 percent to $60.6 million, from $80.4 million a year earlier. Although the chain returned to profitability after three straight quarters in the red, its increase in revenue was lower than expected.

Americans Plan to Both Spend and Save Tax Refund Money
February 23, 2011

According to the National Retail Federation's 2011 Tax Returns Consumer Intentions and Actions Survey, 13.2 percent of Americans will spend their refund on a big-ticket item. But with the economy also serving as a reminder that it’s best to be financially prepared for the worst, more people will also put their refunds away for a rainy day.

Lowe's Sales Strong, But Issues Weak Outlook
February 23, 2011

Lowe's gave a lackluster outlook for the current quarter despite strong fourth-quarter results, and its shares fell. The company, which recently laid off about 1,700 middle managers, expects first-quarter earnings of 34 cents to 38 cents a share, while analysts were expecting 38 cents a share.