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  • Int. division helped 2Q, but not as much as Sam’s

    Walmart International sales increased 7.1% to $27.8 billion in the second quarter and all countries produced sales growth, except Japan, when measured on a constant currency basis. Profitability didn’t improve as quickly. Operating profit was up 0.5% to nearly $1.3 billion, but if some one time charges are excluded the growth rate picks up to 5.6%.

  • Gap's profits drop 19% in Q2

    San Francisco -- Gap reported Thursday that profit for the quarter ended July 30 dropped 19% to $189 million, compared with $234 million in the year-ago period.

    The retailer, which operates the Gap, Old Navy and Banana Republic banners, cited aggressive merchandise pricing reductions for the profit decline. Results beat analysts’ earnings expectations, but the declines still raised concerns about Gap’s performance in the upcoming fall and holiday shopping seasons.

  • Sears Holdings loss widens in Q2, misses Street

    Hoffman Estates, Ill. -- Sears Holdings Corp. reported Thursday that its losses for the second quarter widened more than expected to $146 million, compared with a loss of $39 million in the year-ago period.

    The operator of Sears and Kmart stores cited aggressive merchandise markdowns as one reason for the poor performance. This is the second consecutive quarterly loss of the company, and its fourth in the last five quarters.

  • Casual Male Q2 profit up 17%

    Canton, Mass. -- Casual Male Retail Group reported Thursday that second-quarter net income surged 17% to $6.6 million, compared with $5.6 million a year earlier.

    Revenue increased 3.8% to $100.9 million in the period, surpassing Wall Street expectations of $99.5 million.

  • Children's Place posts 2Q sales dip

    SECAUCUS, N.J. — The Children's Place Retail Stores announced second quarter net sales were $343.5 million, compared with $345.3 million in the second quarter of 2010. Comparable-retail sales declined 5.6% in the second quarter of 2011.

  • Hot Topic narrows loss in Q2, on track to open up to 40 net new Torrid stores

    City of Industry, Calif. -- Hot Topic reported Wednesday that it tightened its loss in the second quarter to $6.2 million, compared with a loss of $6.3 million a year earlier.

    Revenue edged up to $150.9 million from $150 million. Same-store sales rose 2.6% for quarter.

    Hot Topic said it will open 25 to 45 Torrid stores in fiscal 2012. It also plans to close 10 to 20 Hot Topic stores and about five Torrid stores next year, and remodel or relocate 40 to 50 Hot Topic stores and 10 to 20 Torrid stores.
     

  • Buckle profit and sales rise in Q2

    Kearney, Neb. -- Teen apparel retailer The Buckle reported Thursday that net income for the quarter ended July 31 climbed 13.5% to $23.6 million. Revenue rose 12.6% to $212.4 million, and same-store sales increased 8.5%.

    The company also reported that its CFO Karen Rhoads will remain in her position, after having said earlier this year that she would be stepping down.
     

  • Target calls, raises Walmart’s 2Q profit and full year guidance

    Walmart beat analysts’ second quarter earnings estimates by a penny when it reported earnings per share of $1.09. The company also touted the fact that it was raising its full year profit forecast, although it did so by the one cent of additional profit it had already banked during the second quarter. Walmart said it now expects full year profits to total between $4.41 and $4.51 versus prior guidance of $4.35 to $4.50.

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