Financial
-
ShopNBC to expand home, narrows 1Q loss
HTT Staff, May 16, 2012Minneapolis - Putting more emphasis on other departments as it makes consumer electronics a less critical category, Shop NBC will invest in people and inventory as it moves toward its goal of having home account for 45% to 50% of sales. -
Sears Canada swings to profit in 1Q
HTT Staff, May 16, 2012Toronto - Sears Canada reported a first quarter profit of $93.1 million, or 91 cents per share, compared to a net low in the year-ago quarter of $47.0 million, or 45 cents per share. -
Cotton price 79 cents
HTT Staff, May 16, 2012New York - Yesterday's end of day price on Cotton #2 futures for July contracts was 79 cents. The price on October contracts was 70 cents. -
Springs 1Q in the black despite slack sales
HTT Staff, May 15, 2012Sao Paulo, Brazil - Profit and gross margin rose during the first quarter for Springs Global, but stronger sales in the company's home country weren't enough to offset continued sales declines in the North American market. -
JCPenney sales dropped 20.1% in the first quarter
HTT Staff, May 15, 2012Plano, Texas - JCPenney just released the numbers on its first quarter performance, saying that while the transformation of the company to a new strategy is ahead of schedule, "sales and profitability have been tougher than expected." -
TJX: HomeGoods brand ‘more and more powerful'
HTT Staff, May 15, 2012Framingham, Mass. - Reflecting on the strong first quarter, TJX ceo talked up the HomeGoods division during the company's quarterly conference call this morning. -
Cotton price 79 cents
HTT Staff, May 15, 2012New York - Yesterday's closing price on Cotton #2 futures for July contracts was 79 cents. The price on October contracts was also 79 cents. -
April growth modest but sustains pattern
HTT Staff, May 15, 2012Washington - Although sales were somewhat soft, April marked the 22nd consecutive month of year-over-over sales growth, according to the National Retail Federation. -
Home Depot 1Q beats plan
HTT Staff, May 15, 2012Atlanta - Home Depot's first quarter profit jump 23% to $1.0 billion, or 68 cents per share. -
Same-store sales stronger in May's 2nd week
HTT Staff, May 15, 2012New York - Comps rose 3.7% during the second week of May, propelled by fair weather, Mother's Day and the approach of graduation day in many parts of the country, according to The Johnson Redbook Retail Index.