Resources

May 23, 2014 Sales of newly built, single-family homes rose 6.4 percent to a seasonally adjusted annual rate of 433,000 units in April, according to newly released data from HUD and the U.S. Census Bureau.  The gain builds on an upward revision of sales numbers reported for the previous month. “Builders are gradually increasing sales... Read more »

May 22, 2014 Sears plans to close at least 80 stores this year after widening its loss in the first quarter of fiscal 2014. Although same-store sales increased 0.2% for the quarter, the company’s net loss climbed to $402 million from $279 million in the prior-year quarter.  Revenues declined 7% to $7.9 billion, from $8.5... Read more »

May 22, 2014 Increases in traffic and average ticket resulted in record first quarter sales growth at Dollar Tree. Consolidated net sales for the quarter were a record $2 billion, a 7.2% increase compared to $1.87 billion reported for last year’s first quarter.  Consolidated comparable store sales increased 2% on a constant currency basis.  Adjusted... Read more »

May 21, 2014 Despite the massive data breach that hurt Target’s fourth quarter, people are not staying away from the retailer.  According to a Reuter’s report, the company saw a dramatic improvement in traffic in the first quarter compared to its late fourth quarter trends. The company’s first quarter financial performance in its U.S. and Canadian... Read more »

May 21, 2014 Bad weather for retail dampened sales at Lowe’s, but earnings surged well into the double digits for the first quarter, the company announced Wednesday morning. Lowe’s sales increased 2.4% in the first quarter, rising to $13.4 billion.  Comparable-store sales increased 0.9%. The Mooresville, North Carolina-based retail giant reported a net earnings surge... Read more »

May 22, 2104 The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.4 percent in April to 101.4, following a 1.0 percent increase in March, and a 0.5 percent increase in February. “The LEI rose for the third consecutive month, driven largely by improving housing and financial market conditions,” said Ataman Ozyildrim, Economist... Read more »

May 20, 2014 Store closures and weak demand for traditional office supplies and computers hurt Staples in the first quarter of fiscal 2014. The company attributed a 44% drop in net earnings during the quarter to lower sales caused by store closures and a rise in the value of the dollar.  But according to reports,... Read more »

May 13, 2014 Slightly lower median home prices along with steady mortgage rates contributed to higher housing affordability in the first quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today. In all, 65.5 percent of new and existing homes sold between the beginning of January and end of... Read more »

May 20, 2014 Despite getting a slow start to the year, The Home Depot rallied in the first quarter thanks to solid results in non-weather-impacted markets. The home improvement retailer reported first quarter sales of $19.7 billion, up 2.9% from last year’s first quarter.  Comparable store sales were up 2.6%.  Comp-store sales for U.S. stores... Read more »