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Retail

  • 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.

  • Staples soldiers on in Q3

    FRAMINGHAM, Mass. — Profits at Staples grew 13% to $326 million and earnings per share grew 18% to 47 cents as the nation’s leading office products company overcame weak revenue growth that saw sales advance half a percent to $6.6 billion.

  • Staples Q3 profit up 13%, lowers full-year outlook

    Framingham, Mass. -- Staples Inc. reported Tuesday that profit for the third quarter climbed 13% to $326.4 million, from $288.7 million a year earlier. Earnings met Wall Street expectations.

    Revenue rose 1% to $6.57 billion from $6.54 billion, missing analysts’ expected $6.71 billion. North American retail unit revenue was flat at $2.7 billion, with same-store sales down 1%. International revenue slid 7% on a local currency basis to $1.3 billion, leading the retailer to adjust its full-year forecast downward.

  • Wal-Mart's Q3 sales up but profits slip 2.9%

    Bentonville, Ark. -- Wal-Mart Stores Inc. on Tuesday posted the first quarterly revenue gain in its U.S. namesake business in more than two years, but the discounter's profit was down 2.9%. Profit for the quarter ended Oct. 31 was $3.33 billion, missing Wall Street expectations.

  • Winn-Dixie opens transformational store replete with Hispanic influence

    MIAMI — Winn-Dixie Stores on Tuesday celebrated the completion of its seventh state-of-the-art transformational store and the first to have a bilingual décor package.

  • American Express launches Target prepaid card

    New York City -- American Express announced Tuesday that it has launched Target prepaid cards featuring email and text alerts.

    The cards, sold exclusively at Target stores, work like debit cards and can be reloaded with cash, and are usually marketed to lower-income consumers who don't have credit cards or checking accounts. Fees on cards can range widely depending on the issuer.

  • Dick’s delivers early gift to shareholders

    PITTSBURGH — Dick’s Sporting goods gave its shareholders a holiday surprise Tuesday morning when the company reported better-than-expected third-quarter results, increased its full-year guidance and declared its first ever dividend.

  • Tiffany launches corporate sustainability website

    New York City -- Tiffany & Co. on Monday launched its first annual web-based Corporate Responsibility Report.

    The website (tiffany.com/sustainability) details the jeweler’s 2010 sustainability performance, and provides insight into its standards and operations regarding the sourcing of precious materials, as well as includes information on eco-friendly packaging and catalogs.
     

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