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Seasonal

  • Sears reports $2.4 billion Q4 loss, will spin off some stores

    Hoffman Estates, Ill. -- Sears Holdings Corp. reported Thursday a loss of $2.4 billion in the fourth quarter, compared with a profit of $374 million in the year-ago period. And in a move long anticipated by some analysts, the chain also announced plans to tap into its massive real estate holdings to help make up for its faltering retail performance.

    Revenue slipped 4% to $12.5 billion from $13 billion. Same-store sales fell 4.1% during the quarter at Sears and 2.7% at Kmart.

  • Dollar Tree profit rises

    Chesapeake, Va. -- Dollar Tree Inc. reported a higher-than-expected profit for the fourth quarter ended on Jan. 28. But the chain forecast quarterly earnings and sales below Wall Street estimates amid rising gasoline prices and increased competition from larger rivals.

    For the quarter, net income rose to $187.9 million, from $162.5 million a year earlier.

    Sales rose about 12.8% to $1.95 billion. Same-store sales were up 7.3%.

  • Profits grow on the Dollar Tree

    CHESAPEAKE, Va — Dollar Tree's sales and earnings growth for the fourth quarter and fiscal year is just another example of how discounters dominated in 2011. 

    The company reported that net sales for the fourth quarter were $1.95 billion, a 12.8% increase compared with $1.73 billion reported for the quarter ended Jan. 29, 2011. Comparable-store sales increased 7.3%, on top of a 3.9% increase for the fourth quarter 2010.

  • Averting Disaster

    Fire safety presents extra challenges to retail locations. Stores are filled with combustibles that aid the spread of fire and smoke. And confusing store layouts impede escape during emergencies. The results can be expensive: loss of revenue from store closures, and worse, loss of life.

    Chain Store Age spoke with three leading fire safety experts as to what steps retailers could take to avert fire disasters. Here are their top 10 recommendations.

    1. WATCH THE STOCK

  • Holidays give boost to Zale sales

    DALLAS — Zale Corp. reported increased revenues and earnings for its second quarter ended Jan. 31, thanks to a successful holiday season.

    The company reported that revenues for the quarter were $664 million, an increase of $37 million, or 6%, compared with $626 million in the same period last year. 

    Comparable-store sales, which are based on year-over-year merchandise sales, increased 5.8% during the quarter. This increase follows a 7.9% rise in the same period last year. 

  • TJX Q4 earnings jump 42%

    Framingham, Mass. -- TJX Cos. reported that its fiscal fourth-quarter profit rose 42% to $475.3 million, from $334.4 million a year earlier. The owner of Marshalls, HomeGoods and T.J. Maxx also announced plans to repurchase up to $1.3 billion of stock this fiscal year.

    For the quarter, sales rose 6% to $6.7 billion. Same-store sales increased 7%.

    "We enter a new fiscal year with considerable momentum in our business and are off to a very strong start in 2012," said CEO Carol Meyrowitz.

  • 2012 looking good for TJX

    FRAMINGHAM, Mass. — TJX Cos. is headed for a strong 2012, thanks to fourth-quarter sales and profit growth. The company reported that its fiscal fourth-quarter profit rose 42% to $475.3 million, from $334.4 million a year earlier. The owner of Marshalls, HomeGoods and T.J. Maxx also announced plans to repurchase up to $1.3 billion of stock this fiscal year.

    For the quarter, sales rose 6% to $6.7 billion. Same-store sales increased 7%.

  • Zale reports higher Q2 profit

    Dallas -- Zale Corp. posted a higher second quarter profit helped by a surge in holiday sales. Net profit rose to $28.8 million, from $27.2 million a year ago.

    Overall revenue rose 6% to $663.8 million. Same-store sales rose 5.8%.
     

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