Skip to main content

Budgets/Spending/Market Size

  • Walgreens May sales dip 1.6%

    Deerfield, Ill. -- Walgreens reported Tuesday that net sales for the month of May dropped 1.6% to $5.98 billion, compared with $6.08 billion in the year-ago period.

    Total front-end sales edged up 0.3%, and same-store sales dipped 1%.

    Total sales for the third quarter of fiscal 2012 were $17.77 billion, down 3.3% from $18.37 billion in the third quarter last year.

  • Sport Chalet swings to loss in Q4

    Los Angeles -- Regional sporting goods retailer Sport Chalet reported Monday that it lost $3.8 million in the quarter ended April 1, compared with net income of $300,000 in the year-ago period.

    The company cited warm weather trends for the weakened performance.

    Revenue fell 16.6% to $81.9 million, from $98.2 million. Same-store sales dropped 5.3%.

     

  • Dollar General Q1 profit jumps 36%; on track for 625 new stores and 550 remodels

    New York -- Dollar General Corp. on Monday reported a 36% jump in quarterly profit and raised its expectations for the year as its momentum continued.

    Dollar General earned $213.4 million in the fiscal first quarter ended on May 4, up from $157.0 million a year earlier. Sales rose 13% to $3.9 billion. Same-store sales increased 6.7%.

  • J. Crew Q1 profits nearly double; same-store sales jump 16%

    New York -- J. Crew Group recorded a boost in first-quarter net income on strong sales. Profits nearly doubled to $30.7 million in the quarter ended April 28, from $16.2 million in the year-ago period.

    Revenue grew 23% to $503.5 million, with same-store sales increasing 16%. Store sales were up 26% to $354 million, while direct sales grew 19% to $143.4 million.

  • Pier 1 Q1 same-store sales up 7.2%

    FORT WORTH, Texas -- Pier 1 reported that same-store sales rose 7.2% in the first quarter, helped by strong holiday assortments. First-quarter revenue was up 8% to $361 million, beating Wall Street's estimate of $360.7 million.

    President and CEO Alex Smith said Thursday that the shoppers have been buying the retailer's Easter, spring, Mother's Day and Memorial Day products.

  • Kronos labor index: Job market more favorable for applicants

    Chelmsford, Mass. -- Kronos Inc. said Thursday that its Retail Labor Index for May, which characterizes the current state of the demand and supply sides of the labor market within the U.S. retail sector, rose to 4.1%. (This index is defined as the ratio of hires to applications within a given month, expressed as a percentage. A level of 3.0% means that for every 100 applications received, three hires occurred).

    The May reading of the Retail Labor Index reflected a moderate decline in hiring outpaced by a sharp drop in applications.


  • Amazon to collect sales tax—and build two DCs—in New Jersey

    New York -- Amazon.com Inc. will begin collecting 7% sales tax from New Jersey residents starting in July 2013. The online giant announced the agreenment on Wednesday at the Statehouse in Trenton, N.J.  It also announced it will build two distribution centers in New Jersey.

    Each warehouse will measure about one million square feet. The centers will create a projected 1,500 full-time jobs and would enable the state of New Jersey to collect an estimated $30 to $40 million in tax revenue.

  • Fresh Market Q1 profit soars 43%; on track to open up to 16 stores in 2012

    Greensboro, N.C. -- Fresh Market reported Wednesday that profit for the first quarter climbed 43% to $19.3 million, from $13.5 million in the year-ago period.

    Revenue rose 23% to $324.8 million, compared with $264.5 million in the previous year and surpassing Wall Street’s expected $310.6 million in revenue.  Same-store sales increased 8.2%. The strong performance across the board prompted the grocer to bump its outlook for the year.

X
This ad will auto-close in 10 seconds