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FINANCE

  • Report: Walgreens Boots Alliance exploring retail pharmacy options in Australia

    Walgreens Boots Alliance is exploring the possibility behind opening a retail pharmacy stake in Australia, The Sydney Morning Herald reported Friday. Though current government restrictions prevent corporate-owned pharmacies from setting up shop, that could change as "the government has commissioned an independent review of pharmacy regulations, which is due to report in March 2017," the paper reported.

  • Kroger’s comp streak continues, cap-ex to surge

    The lack of food price inflation which has affected the performance of many grocers had little impact on fourth quarter results at Kroger’s, a company whose string of quarterly same-store sales increases has now entered its 13th year.

  • Burlington Stores keeps hot streak going

    Burlington Stores attracted large numbers of shoppers over the holiday season, as the off-price retailer reported a jump in sales and profit for the fourth quarter.

    For the fourth quarter ended Jan. 30, the company said adjusted net income per share rose 26% to $2.31 vs. $1.83 in the prior year quarter.Revenue increased 3.5% to $1.55 billion. Same-store sales increased 2.1%.

  • Costco prevails during holidays

    Costco’s profit fell short of analysts’ estimates at the mid-point in its fiscal year, but business trends were solid in the company’s second quarter with a 4% same store sales increase at U.S. locations.

    The company said its total revenues for the period ended Feb. 14, which included the holidays, increased 2.6% to $28.2 billion. Merchandise and service sales increased 2.6% to $27.9 billion and membership fees increased 3.6% to $603 million.

  • American Eagle improves performance by refining footprint and merchandise

    American Eagle Outfitters didn’t exactly soar in the fourth quarter, but its low single-digit same-store sales increase was better than most and benefitted from recent store closures.

    Total company sales increased 3% to $1.11 billion and same store sales grew 4% after a flat performance in the fourth quarter the prior year. Earnings per share increased 17% to 42 cents from the 36 cents earned from continuing operations the prior year. The company expects its first quarter same store sales to increase in the mid-single digits.

  • Weather boosts sales at Big 5 Sporting Goods

    Cold winter weather in the Western states helped Big 5 Sporting Goods post an increase in same-store sales and profit in the fourth quarter.

    For the fourth quarter ended Jan. 3, the retailer said net sales increased to $275 million from net sales of $250.3 million for the fourth quarter of fiscal 2014. Same-store sales increased 0.1% for the fourth quarter of fiscal 2015 and 1.4% for the full year.

  • Sports Authority files Chapter 11; store closings loom

    The Sports Authority on Wednesday filed for Chapter 11 bankruptcy protection and said it plans to close or sell as many as 140 of its 463 stores nationwide. The beleaguered company has struggled in recent years under increased competition not only from online players, but also from the likes of Dick’s Sporting Goods and specialty retailers such as Lululemon that have capitalized on the “athleisure” boom in fitness apparel.

  • Abercrombie turnaround continues with 30% jump in Q4 profit

    Abercrombie & Fitch's efforts to attract more shoppers with a better store experience and updated merchandise mix are paying off as the retailer reported an unexpected increase in same-store sales and a 30% increase in profit for the fourth quarter.

    Abercrombie said overall same-store sales rose 1% in the quarter ended Jan. 30, the first gain in the metric since the third quarter 2012. Analysts on average were expecting a decline of 0.10%. The gain in same-store sales was driven by a 4% increase in the Hollister division.

  • Shoppers stay away from Ann Taylor, Justice over holidays

    Ascena says its second quarter revenue got a big boost from the acquisition of Ann Inc., but same-store sales declined sharply during the period.

    For the second quarter ended Jan. 23, the companyreported a net loss of 12 cents per diluted share compared to net income of 5 cents per diluted share in the same period of fiscal 2015.Net sales were $1.842 billion compared to $1.289 billion last year, with the increase driven by the acquisition of Ann Inc. Second quarter total comparable sales were down 6%.

  • Ross Stores beats Q4 estimates; cautious about 2016

    Ross Stores reported strong results for its fourth quarter. But similar to many other retailers, the off-price retailer sounded a cautious note with regards to sales and earnings for its new fiscal year.

    Ross on Tuesday reported earnings per share for the fourth quarter ended January 30, 2016 of $.66, up 10% from the prior year, on net earnings that rose 6% to a better-than-expected $264 million.

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