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Winter Holidays

  • Discounters show positive movement in January

    New York City -- Costco Wholesale Corp. reported a January same-store sales increase of 9%, topping Wall Street expectations and leading the performances of the discount retail category.

    Analysts polled by Thomson Reuters expected a smaller same-store sales increase of 6.1%.

    Target Corp. didn’t show the same strength, missing expectations because of strong winter storms during the month. Same-store sales edged up 1.7% for the month, missing the 1.9% increase predicted by Wall Street.

  • OfficeMax introduces new DiVOGA desk line

    NAPERVILLE, Ill.  — OfficeMax announced the launch of DiVOGA desk products and accessories featuring the limited edition Catherine collection. According to the company, the line features a contemporary take on the traditional brocade patterns dating back to eighteenth century Europe. 

    DiVOGA Catherine is available for purchase at OfficeMax stores nationwide and other select retail partners of OfficeMax starting February 2011.

  • Big Lots quarterly comps flat

    COLUMBUS, Ohio -- Big Lots announced that  fourth quarter retail sales for the fiscal quarter ended Jan. 29 were $1.5 billion, an increase of 3.8% compared with $1.451.5 million for the fourth quarter of fiscal 2009.  

    Comparable-store sales were flat for the fourth quarter of fiscal 2010, which is consistent with the low end of the company's previously communicated guidance of flat to an increase of 2%. 

    From a merchandising perspective, furniture, home, and seasonal were the best performing categories, the company reported.

  • Retailers report solid January sales despite winter deluge

    New York City -- Many retailers surprised with solid January revenue reporting on Thursday, despite snowstorms that raged across the country during the month.

    The reports, many of which surpassed Wall Street expectations, offer encouragement that strength in consumer spending is continuing after a merry holiday season.
     
    Costco Wholesale Corp, Victoria's Secret parent Limited Brands and teen retailer Wet Seal were among those that beat analyst expectations. Target, however, lagged, behind.

  • January sales adds more uncertainty to Walmart’s Q4

    Retail sales during January offered a mix bag of results and made it rather tricky to determine how much results were influenced by harsh winter weather, gift card redemption rates, a still shaky economic recovery and individual company strategies.

  • Burlington Coat Factory 4Q comps up 1.2%

    BURLINGTON, N.J. -- Burlington Coat Factory Warehouse Corp. announced that net sales for the fourth quarter ended Jan. 29, 2011 were $1.188 billion compared with $1.12 billion for the comparative period ended Jan. 30, 2010, a 6.1% increase. Comparative-store sales increased 1.2% for the quarter.

  • Ann Taylor raises 4Q outlook

    NEW YORK -- AnnTaylor Stores announced that, based upon stronger than anticipated fourth quarter sales, including positive comparable sales at both the Ann Taylor and LOFT brands, the company expects to report top-line and bottom-line results for the fiscal fourth quarter of 2010 that will exceed the current consensus of analyst expectations and be substantially higher than the fourth quarter of 2009.  The company said it also expects to report substantially stronger sales and earnings for fiscal year 2010 over fiscal year 2009.

  • Walmart offering free tickets for America I Am exhibit

    BENTONVILLE, Ark. -- Walmart announced that it is offering 20,000 free tickets to the America I AM: The African-American Imprint tour, of which Walmart is a presenting sponsor. America I AM, a four-year touring exhibition that celebrates nearly 500 years of African-American contributions to this country, will make its Washington, D.C. debut at the National Geographic Museum on Feb. 2.

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