Resources

August 20, 2014 Staples chairman and CEO Ron Sargent said that the company has more work to do to stabilize its retail business, following a 20% decline in net income to $81.88 million for the second quarter, from $102.53 million in the prior year. Sargent added that the company will continue taking steps toward improving... Read more »

August 15, 2014 Despite an increase of 1% in comparable store sales, Dillard’s CEO William T. Dillard II expressed disappointment in the company’s bottom line performance. The company’s net sales for the 13 weeks ended August 2 were $1.475 billion, compared to net sales of $1.480 billion for the 13 weeks ended August 3, 2013. ... Read more »

August 21, 2014 The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.9 percent in July to 102.2, following a 0.6 percent increase in June, and a 0.6 percent increase in May. “The LEI improved sharply in July, suggesting that the economy is gaining traction and growth and should continue at a strong... Read more »

August 21, 2014 Dollar Tree delivered its 26th consecutive quarter of positive comparable store sales growth in the second quarter, but profit declined 2.6% thanks to increased freight costs and investments in higher-value products. Consolidated comparable store sales increased 4.5% on a constant currency basis.  Adjusted for the impact of Canadian currency fluctuations, the comparable... Read more »

August 21, 2014 Family Dollar Stores rejected a $9 billion, all-cash takeover offer from Dollar General, pointing to antitrust concerns and reaffirming its support for its deal with smaller rival Dollar Tree. Family Dollar’s agreement with Dollar Tree, reached late last month, is worth about $8.5 billion in cash and stock, or $74.50 a share. ... Read more »

August 20, 2014 A day after Home Depot reported strong second-quarter results, it was Lowe’s turn to deliver strong quarterly earnings. And the Mooresville, North Carolina-based retail giant did just that.  The company reported net earnings of $1.04 billion for the quarter ended August 1, marking a 10.4% increase over the second quarter last year. ... Read more »

August 14, 2014 Same store sales growth of 6% and e-commerce strength helped J.C. Penney dramatically reduce its second quarter operating loss and demonstrate growing momentum of its turnaround. Sales at the operator of 1,060 stores increased to $2.8 billion from $2.66 billion and the 6% comp increase the company reported was against an easy... Read more »

August 19, 2014 Fueled by strong single and multifamily growth, nationwide housing starts rose 15.7 percent to a seasonally adjusted annual rate of 1.093 million units in July, the highest level since November 2013, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “A return... Read more »

August 20, 2014 Recognizing that a number of the best deals of the summer are still to come, some families have only scratched the surface of their back-to-school shopping lists as of mid-August.  According to NRF’s latest Back-to-School/College Surveys, the average family with children in grades K-12 completed just half (49.9%) of their shopping by... Read more »