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Business Analytics

  • Kroger swings to loss on union costs

    CINCINNATI — Kroger posted a loss in the quarter ended Jan. 28, attributing the loss to costs associated with consolidating its pension plan for union workers.

    The grocer, which counts among its banners Kroger, Ralphs and Food 4 Less, lost $306.9 million in the quarter, compared with a profit of $278.8 million in the year-ago period.

    Total sales in the quarter rose 7.7% to $21.4 billion. Excluding fuel, sales rose 5%. Same-store sales increased 4.9%.

  • Kronos: Retail hiring on the rise

    Chelmsford, Mass. -- The Kronox Retail Labor Index released by the company on Thursday showed that retail hiring is on the rise, even as fewer people seek jobs in the retail sector.

    The Index jumped to 4.2%, up nearly 7% from last year, indicating a potential recovery in the labor market. The number of applications edged down 1.3% , which is down nearly 6% from its level one year ago, pointing to applicants seeking employment in other growing industries.

  • Study: Facebook and Twitter symbols influence online buying

    Coral Gables, Fla. -- A University of Miami study found that the display of a social media icon such as a Facebook “Like” button or a Twitter symbol on a shopping website influences a consumer’s buying decision.

  • Kroger swings to loss in Q4

    Cincinnati -- The Kroger Co. reported on Thursday that it posted a loss in the quarter ended Jan. 28, attributing the loss to costs associated with consolidating its pension plan for union workers.

    The grocer, which counts among its banners Kroger, Ralphs and Food 4 Less, lost $306.9 million in the quarter, compared with a profit of $278.8 million in the year-ago period.

    Total sales in the quarter rose 7.7% to $21.4 billion. Excluding fuel, sales rose 5%. Same-store sales increased 4.9%.

  • PetSmart Q4 profit surges 13%

    Phoenix -- PetSmart Inc. reported Thursday that profit for the fourth quarter rose 13% to $102 million, compared with $90.3 million in the year-ago period.

    Revenue during the quarter was $1.64 billion, up from $1.52 billion a year earlier and beating Wall Street’s expected $1.62 billion in revenue. Same-store sales rose 5.5%.

    For the full year of 2011, the company reported net income of $290.2 million, up from $239.9 million in 2010. Revenue for the year was $6.11 billion, up from $5.69 billion the year before.

  • Staples shows economy is improving ... slowly

    FRAMINGHAM, Mass. — When people are working -- whether at a small business or large corporation -- they need office supplies, so when a company such as Staples delivers a retail sales increase for the fourth quarter, it is good sign that the economy is improving.

  • Lack of winter wipes out Big 5 earnings

    EL SEGUNDO, Calif.  — Lack of snowfall throughout most of the major winter sports regions negatively impacted Big 5 Sporting Goods' results in the fourth quarter. 

    The company reported a net loss for the fourth quarter of fiscal 2011 of $9,000, or 0 cents per diluted share, including the non-cash impairment charge of 5 cents per diluted share. For the fourth quarter of fiscal 2010, net income was $4 million, or 18 cents per diluted share, including a net charge of 7 cents per diluted share related to legal matters.

  • Costco profit up in Q2

    ISSAQUAH, Wash. — Costco is off to a good start in 2012, with high increases in second-quarter sales and earnings.

    The company reported that net sales for the second quarter of fiscal 2012 increased 10% to $22.51 billion, from $20.45 billion last year. Total comparable-store sales for the quarter increased 8%, consisting of an 8% increase at both U.S. and international clubs. Excluding the impact of fuel, comparable-store sales were up 7%, consisting of a 7% increase at U.S. clubs and a 10% increase at international clubs.

  • Costco Q2 profit rises on cheap gasoline

    New York City -- Costco Wholesale Corp. posted a bigger-than-expected rise in quarterly profit on Wednesday. Rising gasoline prices had a positive impact on sales at Costco, which prices its fuel below nearby stations.

    Net income in the quarter ended Feb. 12 rose 13% to $394 million, from $348 million a year earlier.

    Sales rose 10% to $22.51 billion. Same-store sales rose 8%, better than analysts had expected. 

  • Tractor Supply ups its store growth potential

    Brentwood, Tenn. -- Tractor Supply Co. has increased its estimated domestic store growth potential to 2,100 locations from a previously estimated 1,800 stores.

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