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Budgets/Spending/Market Size

  • Report: Retailers continue to invest in green

    Miami -- Retailers are continuing to invest in sustainability initiatives, even during tough economic times, according to a new report by RSR Research entitled "Lean and Green: Sustainable Practices Are Changing Retail, Benchmark 2010.”

  • Stage Stores narrows loss in Q3

    Houston -- Stage Stores said Thursday it narrowed its fiscal third-quarter net loss to $6.9 million, from $7.3 million in the year-earlier quarter.

    Sales rose 2.1% to $331.9 million, from $324.9 million. The retailer is projecting that fourth-quarter same-store sales will rise 1% to 3%.

  • New York & Co. swings to profit in Q3

    New York City -- New York & Co. said Thursday that net income for the quarter ended Oct. 30 was $1.9 million, compared with a per-share loss 11 cents in the year-ago period.

    Net sales were $238.2 million in the quarter, up from $227.9 million a year earlier. Same-store sales rose 3.6%.

    New York & Co. currently operates 579 stores in 43 states.

  • Survey: 138 million shoppers expected to hit stores Black Friday weekend

    Washington, D.C. -- A survey released Thursday by the National Retail Federation and conducted by BIGresearch found that up to 138 million people plan to shop Black Friday weekend (Friday, Saturday and Sunday), surpassing the 134 million who planned to do so last year.

    According to the NRF 2010 Holiday Consumer Intentions and Actions Survey, which polled 8,778 consumers, approximately 60 million people say they will definitely hit the stores while another 78 million are waiting to see if the bargains are worth braving the cold and the crowds.

  • Staples Q3 profit rises on cost controls

    Framingham, Mass. -- Staples reported Thursday that profit for the third quarter rose 7% as the office supply retailer clamped down on expenses. Net income increased to $288.7 million, from $269.4 million.

    Revenue edged up to $6.54 billion from $6.52 billion. Analysts expected $6.53 billion.

  • Sears loss widens in Q3

    Hoffman Estates, Ill. -- Sears Holdings Corp. reported Thursday that its loss for the quarter ended Oct. 31 widened to $218 million, compared with a loss of $127 million in the year-ago period. The loss was more than analysts expected as margins fell and sales dropped, especially at the company's namesake stores.

    "While Kmart improved profitability, our third-quarter results were disappointing, in large part due to lower sales of apparel and appliances at Sears," said interim CEO W. Bruce Johnson.

  • Stein Mart profit rises in Q3

    Jacksonville, Fla. -- Stein Mart reported Thursday that net income for the quarter ended Oct. 30 was $4.3 million, compared with net income of $3.2 million a year earlier.

    Net sales were $267.9 million, a decrease of 0.9% from $270.2 million in 2009. Same-store sales increased 0.3% for the quarter.

  • Bon-Ton Q3 loss widens

    York, Pa. -- ThThe Bon-Ton Stores reported Thursday that its loss for the third quarter widened to $6.3 million, compared with a loss of $4.2 million in the prior year.e Bon-Ton Stores reported Thursday that its loss for the third quarter widened to $6.3 million, compared with a loss of $4.2 million in the prior year.

    Total revenue fell to $716.9 million from $722.6 million.
     

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