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  • February sales better than expected; Limited and Zumiez top apparel segment

    New York City -- Many retailers reported better-than-expected sales in February amid milder mid-month temperatures in many parts of the country. But some warned of a weaker March due the timing of the Easter holiday. Analysts also cautioned that rising fuel prices may damper consumer spending going forward.

    The Thomson Reuters Same-Store Sales Index rose 4.2% in February, topping estimates for a 3.6% increase, and also rising higher than in the year-ago period.

  • Weather, consumer confidence boost Feb. dept. store sales

    NEW YORK -- Sales at Macy’s, JCPenney and Kohl’s surpassed analysts’ estimates in February amid gradually moderating temperatures and rising consumer confidence. However, analysts warned that a late Easter and rising gasoline prices could impact sales going forward.

    Confidence among U.S. consumers rose in February to the highest level in three years, according to a Thomson Reuters/University of Michigan index, as a drop in unemployment helped overcome concern over rising food and fuel costs.

  • Kroger Q4 profit up 9%

    Cincinnati -- Kroger Co. said Thursday that its fourth-quarter net income jumped 9.2% while sales rose 7.4%. It also announced that its board authorized a $1 billion stock repurchase plan.

    Net income was $278.8 million, compared with $255.4 million in the year-ago period. Quarterly revenue rose to $19.9 billion, with same-store sales up 3.8%.

    Kroger offered a cautious outlook for the current year, saying rising fuel costs are likely to take a bite out of household budgets.

  • Target had advantage in Kantar Retail’s pricing survey

    New York City -- While Walmart and Target continue to closely contend on price, Target’s basket price came in less expensive in the latest semi-annual pricing study by Kantar Retail.

    “Walmart’s price positioning reveals that it has largely returned to a blanket EDLP approach, while Target’s TPC positioning is centered on price promotions to drive guests’ impressions and achieve actual basket price leadership,” said Leon Nicholas, senior VP of Retail Insights for Kantar Retail and contributor to the study. 

  • Costco Q2 earnings up 16% on international growth

    Issaquah, Wash. -- Costco Wholesale Corp.'s fiscal second-quarter net income rose 16% as the chain benefited from stronger business overseas and growing membership.

    Costco reported net income of $348 million for the period ended Feb. 13, up from $299 million a year ago. The results were in line with expectations.

    Revenue climbed 11% to $20.88 billion, topping estimates of $20.4 billion. Same-store sales increased 7%. The figure rose 12% internationally and 5% in the United States.

  • Epson awarded sustainability honor

    New York City -- Seiko Epson Corp. ("Epson") has been named a Sustainability Leader and awarded Silver Class status in the SAM "Sustainability Yearbook 2011.”

  • BJ’s Q4 earnings fall on store closing cost

    Westborough, Mass. -- BJ's Wholesale Club's fiscal fourth-quarter net income fell 81% on a one-time $41.1 million charge related to store closings, restructuring and asset impairment. But its adjusted earnings beat expectations.

    The wholesale club operator earned $10.2 million for the quarter, compared with $54.5 million a year ago.

    Net sales for the fourth quarter ended Jan. 29, increased by 7.4% to $2.90 billion, and comparable club sales increased by 3.8%, including a contribution from sales of gasoline of 2.1%.

  • Q4, fiscal-year comps up for Publix

    LAKELAND, Fla. — Publix on Tuesday disclosed a 4.4% increase in its fourth-quarter sales, reaching $6.4 billion, while comparable-store sales for quarter also rose 3.2%.

    Net earnings for the retailer totaled $342.1 million, compared with $284.2 million in the year-ago period, an increase of 20.4%. Earnings per share for the fourth quarter increased to 44 cents for 2010, up from 36 cents per share in 2009.

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