Nordstrom Inc. reported its first quarter net income fell a greater-than-expected 3%, hurt by weak demand for spring merchandise and softer performance in the Northeast and Midwest.
Macy’s reported a better-than-expected 4.3% increase in third-quarter net income, helped by sales gains, and slightly raised its full-year profit outlook.
Fast Retailing Co., operator of the Uniqlo apparel chain, reported a net profit of $405.3 million for the first quarter, a 37% rise that the company said was due in large part to a change in accounting methods.
Kroger Co. raised its full-year forecast and also projected earnings growth for its next fiscal year that was ahead of long-term goals even as its profit slipped 2% in the third quarter.
Kirkland’s net profit in its fiscal third quarter as operating expenses and cost of sales rose, and same-store sales declined. But its results still beat Wall Street's expectations.
Research results released by American Express found that more than a third (38%) of small business owners believe that the U.S. is still in the throes of a recession.
Kroger Co. reported double-digit jumps in first-quarter revenue and net income, as the chain's fuel stations and loyalty discounts helped draw more frequent shoppers.
Charming Shoppes said Thursday that its first-quarter net income more than quintupled, but its revenue was flat and the profit rise was driven largely by cost cutting.
Guess Inc. beat first-quarter revenue expectations, even though it also reported a 15% decline in net income. The company said net income fell to $42.7 million in the quarter ended April 30, compared with $50.3 million in the year-ago period.
Williams-Sonoma announced that net revenues for fourth quarter 2010 increased 9.7% to $1.195 billion versus $1.09 billion in fourth quarter 2010, including Internet net revenue growth of 27.2% and a comparable-store sales increase of 5.2%.
Depreciation is a commonly misunderstood area of accounting for property owners. In particular, many shopping center owners fail to approach it in the most advantageous way.