Winter Weather Affects Macy’s Fourth-Quarter Results

February 25, 2014 Despite an 11% profit increase in the fourth quarter, sales at Macy’s missed forecasts as ongoing winter storms hurt the retailer’s results in January. Macy’s reported net income of $811 million during the fourth quarter, up 5% from $730 million in the same period a year earlier.  Sales dropped 1.6% to $9.2… Read more »

Lowe’s Delivers In Q4 Despite Severe Winter Weather

February 26, 2014 Severe winter weather was no match for Lowe’s in the fourth quarter.  The company reported sales of $11.7 billion, up 5.6% from the same quarter last year, as comps increased 3.9%.  The company also posted fourth-quarter net earnings of $306 million, up 6.3%. “During the quarter, we delivered solid performance in core… Read more »

Calendar Shift Affects The Home Depot’s Fourth Quarter

February 25, 2014 Although the Home Depot’s overall sales missed analysts’ expectations, the retailer said the calendar shift, which resulted in one fewer week in the fourth quarter compared to the prior year quarter, affected its results. The world’s largest home improvement retailer reported fourth quarter total sales of $17.7 billion, down 3% from the… Read more »

Heavy Markdowns Hurt Dillard’s In Q4

February 24, 2014 Dillard’s CEO William T. Dillard II voiced disappointment in the retailer’s gross margin performance despite what he called a profitable fourth quarter.  Although comparable sales gew 2%, the retailer said lower-than-expected sales necessitated heavy markdowns. The company reported a net income of $119.1 million for the quarter and fiscal 2014, a 26%… Read more »

Why Are New Homes Getting So Big? Look At Who’s Buying Them

February 25, 2014 Though the average size of new homes keeps getting bigger, there is more to this home buying trend than meets the eye, according to Census Bureau data presented by the National Association of Home Builders during the International Builders’ Show in Las Vegas. “The average home size has continued to rise for… Read more »

New Home Sales Rebound In January

February 26, 2014 Sales of newly built, single family homes rose 9.6 percent to a seasonally adjusted annual rate of 468,000 units in January from an upwardly revised pace of 427,000 units in the previous month, according to data released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. … Read more »

Home Depot posts strongest comp growth in 14 years

The Home Depot Announces Fourth Quarter & Fiscal 2013 Results; Increases Quarterly Dividend By 21 Percent And Provides Fiscal Year 2014 Guidance Sales for fiscal year 2013 were $78.8 billion, an increase of 5.4 percent from fiscal year 2012. Excluding the 53rd week in the prior fiscal year, sales for fiscal year 2013 increased 7.2… Read more »

Dillard’s, Inc. Reports Fourth Quarter And Fiscal Year Results

February 24, 2014 Dillard’s, Inc. announced operating results for the 13 and 52 weeks ended February 1, 2014, including record fiscal year earnings per share adjusted for certain items of $6.99 versus $6.33 in the prior year.  Summary of the Company’s Fourth Quarter Performance A 2% increase in comparable store sales Diluted earnings per share… Read more »

Housing Affordability Holds Steady In Fourth Quarter

February 20, 2014 Slightly lower median home prices along with uptick in mortgage rates contributed to housing affordability holding steady in the fourth quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, released today. In all, 64.7 percent of new and existing homes sold between the beginning of October and end… Read more »

Cold Weather Drives Housing Starts Down In January

February 19, 2014 Due largely to unusually severe weather across much of the nation, housing starts fell 16 percent to a seasonally adjusted annual rate of 880,000 units in January, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.  Meanwhile, single-family permits, which are often… Read more »