Business Analytics

The addition of new stores and a 3.8% same-store sales increase enabled Dick’s Sporting Goods to report record second-quarter results, so long as a botched investment in a leading U.K retailer is excluded.

Sale for the quarter ended July 28 increased 10% to $1.4 billion due primarily to a 3.8% comps increase combined with the addition of four new stores. The 3.8% increase consisted of a 2.9% increase at Dick’s Sporting Goods stores, a 4.4% increase at Dick’s Golf Galaxy stores and a 34.6% increase in the company’s e-commerce business.

RESTON, Va. — U.S. online retail recorded its eleventh consecutive quarter of positive year-over-year growth and seventh consecutive quarter of double-digit growth, according to ComScore.

U.S. online retail spending reached $43.2 billion for the second quarter, up 15% over a year ago, according to ComScore.

SOLON, Ohio — Efficient Collaborative Retail Marketing reported that the current drought conditions have yet to lead to an increase in food prices.

“We predict that the food-at-home index will decline for the month of July [however],” ECRM stated in a release Friday.

For a detailed look at ECRM's predictions on how drought conditions will impact food prices, click here.

Milwaukee -- Midwestern grocer Roundy’s reported Friday that net income for the quarter ended June 30 rose 6.6% to $18.9 million, compared with $17.7 million in the year-ago period. Sales edged up 1.7% to $996.8 million.

Same-store sales dropped 3.3%.
 

ROANOKE, Va. — Advance Auto Parts reported an 8.2% decrease in its second quarter earnings per diluted share to $1.34 from $1.46 for the same period last year.

MENOMONEE FALLS, Wis. — Sales and earnings were disappointing at Kohl's, but the retailer remains optimistic heading into the fall.

The retailer reported second quarter net income of $240 million, or $1 per diluted share, compared with $299 million, or $1.08 per diluted share, a year ago. Net sales were $4.2 billion, a decrease of 1% for the quarter. Comparable-store sales for the quarter decreased 2.7%.

Menomonee Falls, Wis. -- Kohl’s Corp. reported a better-than-expected second-quarter profit amid efforts to control costs. Sales, however, disappointed.

The retailer posted a second-quarter profit of $240 million, down from $299 million in the year-ago period.

Net sales were $4.2 billion, down 1.0% from last year. Same-store sales decreased 2.7% for the quarter.

Cincinnati -- Macy's reported a nearly 16% increase in net income for its second quarter as the chain benefited from cost controls and its ongoing strategy of tailoring its fashions to local markets. The company said it was raising its full-year profit forecast.

Macy's net income rose to $279 million for the three-month period ended July 28, up from $241 million in the year-ago period.