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Department Store

  • Sears loss widens in Q3

    Hoffman Estates, Ill. -- Sears Holdings Corp. reported Thursday that its loss for the quarter ended Oct. 31 widened to $218 million, compared with a loss of $127 million in the year-ago period. The loss was more than analysts expected as margins fell and sales dropped, especially at the company's namesake stores.

    "While Kmart improved profitability, our third-quarter results were disappointing, in large part due to lower sales of apparel and appliances at Sears," said interim CEO W. Bruce Johnson.

  • Stein Mart profit rises in Q3

    Jacksonville, Fla. -- Stein Mart reported Thursday that net income for the quarter ended Oct. 30 was $4.3 million, compared with net income of $3.2 million a year earlier.

    Net sales were $267.9 million, a decrease of 0.9% from $270.2 million in 2009. Same-store sales increased 0.3% for the quarter.

  • Ross Stores earnings leap 16% in Q3

    Pleasanton, Calif. -- Ross Stores reported Thursday earnings for the quarter ended Oct. 30 rose 16% to a record $121.4 million, compared with $105.1 million in the year-ago period.

    Sales increased 7% to $1.874 billion, with same-store sales up 3% on top of a strong 8% gain in the prior year.

  • William Sonoma Q3 profit rises sharply

    San Francisco -- Williams-Sonoma reported Thursday that net income for the third quarter rose to $36.5 million, up from $7.3 million.

    The company, which runs Williams-Sonoma and Pottery Barn, also recorded a 12% revenue rise to $816 million, beating Wall Street expectations of $799.5 million.

  • American Eagle Outfitters profit drops, sales improve

    Pittsburgh -- American Eagle Outfitters reported Thursday that net income for the quarter ended Oct. 30 was $33 million, compared with $59.2 million in the year-ago period. The drop was largely a result of investment losses and a prior-year tax benefit, and masked growth in sales and margins.

    Total sales for the quarter increased to $752 million, compared with $736 million last year.

    Same-store sales increased 1%.

  • Cato Q3 earnings leap 123%

    Charlotte, N.C. -- The Cato Corp. reported Thursday that profit for the quarter ended Oct. 30 surged 123% to $6.7 million, compared with net income of $3 million for the third quarter ended October 31, 2009.

    Sales increased 4% to $198 million, compared with $191 million for the year-ago period.

    Same-store sales for the quarter increased 2%.

    The retailer operated 1,281 stores in 31 states, compared with 1,291 stores in 31 states as of October 31, 2009.

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