Finance & Capital Management

Amazon.com generates about three times the number of unique visitors each month that Walmart.com does, according to online measurement firm comScore, and all that traffic is allowing Amazon.com to generate record sales.

Sidney, Neb. -- Cabela's reported Thursday that net income for second quarter rose to $22.3 million, from $19.4 million in the year-ago quarter.

Total revenue increased 7.7% to $562.1 million, and same-store sales increased 4.4%.

BENTONVILLE, Ark. -- A Wednesday report by Bloomberg said that Wal-Mart Stores has named Morten Knudsen as CFO for Asia, as the retailer recasts its leadership roles in the region amidst top-heavy turnover.

Knudsen, who was previously VP for corporate finance in Asia for Danone, takes the financial chief spot for Wal-Mart Asia effective Sept. 1.

Since May, Walmart has lost Japanese chief Toru Noda and three of its top executives in China, including the CFO and COO Roland Lawrence and Rob Cissell, respectively.

St. Louis -- Build-A-Bear Workshop reported Thursday that it narrowed its loss in the quarter ended July 2 to $6.7 million, compared with a loss of $8.5 million in the year-ago period.

The retailer increased total revenue 10% to $81.8 million, and consolidated same-store sales 7.1%.

The retailer cited improved efficiencies and reduced expenses for the performance improvements.

TOANO, Va. — Lumber Liquidators second-quarter sales increased 4% to $175.5 million, up from $168.7 million in the same quarter last year.

But at comparable-stores decreased 7.9%, and net income decreased to $5.3 million in the second quarter, down from $9.1 million in the second quarter of the prior year. 

New York City -- Women’s apparel retailer Cache reported Thursday that net income for the quarter ended July 2 rose to $2.8 million, compared with $897,000 in the year-ago period.

Net sales increased 6.5% to $60.3 million and same-store sales increased 6%.

For fiscal 2011, the retailer said it has no new store openings planned, but will close two stores.
 

Wal-Mart Stores president and CEO Mike Duke was on Capitol Hill this week making the case for modernizing the U.S. tax code even as Democratic and Republican lawmakers continued to engage in brinksmanship over what all agree is a disturbing level of national indebtedness. Duke testified before the United States Senate Committee on Finance, which was holding hearings on CEO perspectives on how the tax code affects hiring, businesses and economic growth. A transcript of his prepared remarks appears below:

Austin -- Whole Foods Market reported Wednesday a profit jump of 35% to $88.5 million, compared with $65.7 million in the year-earlier period.

Revenue rose 11% to $2.4 billion, meeting Wall Street expectations, and same-store sales rose 8.4%.