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Finance & Capital Management

  • Ulta racks up another gorgeous quarter

    Ulta Beauty's formula of one-stop shopping for prestige, mass and salon beauty products continued to produce impressive sales and earnings growth in the third quarter.

    Ulta' s net income increased 20.2% in the quarter, to a better-than-expected $71.1 million, from $59.1 million in the year-ago period. Total sales rose 22% to $910.7 million, also more than expected. Online sales surged 56.3% to $46.2 million. Same-store sales were up 12.8%, driven by a 10.6% increase in transactions and 2.2% growth in the average ticket.

  • Sales still sliding at Sears

    Sears Holdings Corp. is doing a much better job at cutting costs than at stopping its sales decline.

    The retailer’s total revenue in the third quarter, ended Oct. 31, fell 20% to $5.75 billion, from $7.21 billion in the year-ago period, amid store closings and divestitures and a drop in apparel and consumer electronics sales. (Sears had 1,687 stores at the end of the quarter, down from 2,249 a year earlier.)

    Total same-store sales were down 8.6%. Kmart same-store sales declined 7.5%. Sears domestic same-store sales fell 9.6%.

  • Kroger tops Q3 profit, misses on sales

    The nation’s largest supermarket operator reported profit that surpassed Wall Street expectations and raised its annual forecast.

    Kroger Co.’s third-quarter earnings rose 18% to $428 million.

    Revenue inched up 0.4% to $25.08 billion for the quarter, ended Nov. 7. missing Street forecasts of $25.22 billion. Kroger cited lower fuel prices as impacting sales.

    Same-store sales, excluding fuel, rose 5.4%, more than expected. It was the chain’s 48th consecutive quarter of positive same-store sales growth (excluding fuel.)

  • This mall retailer is still on a roll

    Express continues to make all the right moves, reporting better than expected results for its third quarter and raising its 2015 outlook.

  • Sales miss but profits top estimates at Dollar General

    Dollar General Corp. missed Wall Street projections for sales in its third quarter, but the chain came out on top again in its earnings. It also named a permanent CFO.

    The discounter on Thursday posted its fifth consecutive quarter of double-digit earnings growth. It was the third consecutive quarter that Dollar General beat the Street's projection for earnings.

  • Sears still can't stop sales skid

    Sears Holdings Corp. is doing a much better job at cutting costs than at stopping its sales decline.

  • Survey: Retailers hiring more experienced holiday help and thinking long-term

    Retailers are paying more and offering more incentives to secure experienced in-store help to increase sales

    At least that’s according to a new survey by Korn Ferry Hay Group, a leading global hiring and organizational advisory firm.

  • Target to pay nearly $40M to banks over data breach

    Target Corp. has tentatively reached another milestone in its continuing efforts to remediate financial losses caused by its massive 2013 data breach.

    According to multiple media reports, Target has reached a settlement with MasterCard Inc. and a number of issuing banks. In papers filed in federal court in Minneapolis, Target said it would reimburse a total of $39 million in the settlement. That figure would include about $20 million for issuing banks not covered in other class action suits against Target and about $19 million to the MasterCard Account Data Compromise program.

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