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Mass Merchant

  • 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.

  • Staples Q3 profit rises on cost controls

    Framingham, Mass. -- Staples reported Thursday that profit for the third quarter rose 7% as the office supply retailer clamped down on expenses. Net income increased to $288.7 million, from $269.4 million.

    Revenue edged up to $6.54 billion from $6.52 billion. Analysts expected $6.53 billion.

  • 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.

  • Dollar Tree reports 37% rise in Q3 net income

    Chesapeake, Va. -- Dollar Tree said Thursday that net income for the quarter ended Oct. 30 rose 37% to $93.2 million, from $68.2 million in the year-ago period.

    Consolidated net sales for the third quarter were $1.43 billion, a 14.2% increase from $1.25 billion a year earlier. Same-store sales increased 8.7%.

    During the third quarter, Dollar Tree opened 86 stores, expanded or relocated 27 stores, and closed two stores. The company currently operates 4,009 stores in 48 states.

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