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Supply Chain & Merchandising

  • Sales slide continues at Walmart as profit goal met

  • Nordstrom profit soars 43% in Q3

    Seattle -- Nordstrom said its third-quarter profit rose a more-than-expected 43% to $119 million on improved sales and margin improvements. The company raised the low end of its fiscal year profit forecast.

    Revenues rose to $2.18 billion from $1.96 billion. Same-store sales increased 5.8%.

    Best-selling items were jewelry, shoes and dresses.

    "Our customers are highly receptive to newness and fashion in spite of the soft economic climate," company president Blake Nordstrom said in a conference call with analysts.

  • Saks income up in Q3

  • Two Targets to close

  • Gymboree profit dips in Q3

    San Francisco -- The Gymboree Corp. reported Monday that net income for the quarter ended Oct. 30 dipped slightly to $34.4 million, compared with net income of $34.8 million in the year-ago quarter.

    Revenue increased 4% to $280.9 million, compared with $269.1 million in the prior year. 

    Same-store sales decreased 4%.

  • Delhaize stake lifted by AllianceBernstein past 5%

    Brussels, Belgium -- Delhaize Group announced on Monday that AllianceBernstein LP lifted its voting stake in the food retailer to 5.04%.

    The New York asset manager, a member of France's AXA group, now holds 5.11 million Delhaize shares, compared with 3.73 million as of Oct. 5, Delhaize reported.

  • Hastings Entertainment narrows loss in Q3

    Amarillo, Texas -- Multimedia entertainment retailer Hastings Entertainment reported Monday that it recorded a loss of $3.1 million for the quarter ended Oct. 31, compared with a loss of $3.4 million in the year-ago period.

    Total revenues for the third quarter were flat at $112.3 million.

    Total same-store revenues increased 1.3% for the quarter. Merchandise same-store revenues increased 1.2% for the quarter and rental same-store revenues increased 2.2% for the quarter.

  • Lowe’s profit rises 17% in Q3, misses Street

    Mooresville, N.C. -- Lowe’s Cos. reported Monday that profit for the quarter ended Oct. 29 rose 17% to $404 million, compared with net income of $344 million in the year-ago period.

    The second-largest U.S. home-improvement retailer cited shrinking labor expense for the improvement.

    Revenue rose 1.9% to $11.59 billion in the third quarter. Wall Street expected sales of $11.75 billion. Same-store sales edged up 0.2%.

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