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Seasonal

  • ICSC: More consumers will shop Black Friday this year

    New York City -- A report released Thursday by the International Council of Shopping Centers and Goldman Sachs said that 34% of consumers plan to shop on Black Friday, up from 31% in 2010 and 26% in 2009.

    “In addition to buying gifts, consumers overwhelmingly indicated that they would be looking for bargains on Black Friday for themselves as well,” said Michael P. Niemira, chief economist and director of research for ICSC.

  • Moody’s: Holiday sales to be lackluster, with online sales a bright spot

    New York City -- Holiday sales growth will lag behind last year’s robust gains as consumers hold back in an uncertain economy. The roughly 3% growth will be driven by high prices due to inflation, rather than any increase in demand, according to a new report by Moody's Investors Service.

  • Sam's Club donates $1M to help end child hunger

    BENTONVILLE, Ark. — Sam's Club announced that it will donate $1 million to support child hunger programs through feeding America as part of its Holiday Taste of Sam's Club event Nov. 18 to 20.

  • Daffy’s opens in Times Square

    New York City -- Off-price retailer Daffy's on Wednesday is opening a nineteenth location, in New York City’s Times Square.

    The new 17,000-sq.-ft. store, located at 218 West 44th Street in the former New York Times building.

  • HD's Menear points to merchandise highlights

    ATLANTA — Atlanta-based Home Depot's wind-and-storm aided sales effort in the third-quarter presented several category highlights, according to EVP merchandising Craig Menear.

    The company's strong third-quarter performance, which included a 13% net earnings increase and comp-store sales of positive 4.2%, included strength "in the core of the store" and growth in average ticket and transactions.

  • U.S. retail sales up 0.5% in October

    Washington, D.C. -- Retail sales rose more than projected in October, according to figures released Tuesday by the Commerce Department. The report showed that retail sales were up 0.5% in October following a 1.1% increase in September.

    Excluding automobile sales, retail sales rose 0.6% in October — the best showing since March. And when excluding autos and sales at gasoline stations, sales rose 0.7%, also the biggest increase since March.

  • Home Depot posts another quarter of growth

    ATLANTA — Stormy weather around the country had something to do with Home Depot's third quarter sales gain of 2.9%. So did strength in core categories.

    The world's largest home improvement retailer posted a 4.2% comp-store sales gain for the quarter ended Oct. 30. Total sales increased 2.9% to $17.326 billion. And even bigger growth came in the net earnings column, where Home Depot reported a 13.0% increase and net earnings of $934 million.

  • Home Depot's Q3 profit up 12%

    Atlanta -- Home Depot Inc. reported Tuesday that net income in the third quarter rose 12% to $934 million, compared with $834 million in the year-ago period. Storm-related repairs and spending on home projects gave the home-improvement retailer a third-quarter boost.

    Revenue rose 4% to $17.33 billion from $16.6 billion last year, beating Wall Street’s expected $17.11 billion in revenue.

    Same-store sales rose 4.2% globally and 3.8% in the United States.

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