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.
Retail Stores
February 23, 2011
Macy’s reported that net income jumped 50 percent in the fourth quarter ended Jan. 29, and projected its full-year profit would meet Wall Street expectations. After a strong holiday season, the retailer earned $667 million in the fourth quarter, compared with $445 million in the year-ago period.
February 23, 2011
Saks returned to profitability in its fiscal fourth quarter as it sold more items at full-price and used fewer promotions. The New York company reported net income of $25 million, or 14 cents per share, for the period ended Jan. 29.
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.
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.
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.
February 23, 2011
Cabela's use of analytics tools that measure how quickly its salespeople engaged customers led to staffing increases — and higher sales — in its shoe and gun departments in Q4.
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.
February 23, 2011
Office Depot said that it narrowed its loss in the quarter ended Dec. 25 to $58 million, compared with a loss of $77 million in the year-ago period. Total sales dropped 3 percent to $3 billion.
February 22, 2011
Black Friday is known as the official start of the holiday shopping season. Presidents Day also marks a retail landmark, albeit a less-known one: the start of the secondary sales.
