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Business Analytics

  • Borders disappoints in Q3

    Ann Arbor, Mich. -- Borders Group posted sales of  $470.9 million for its third quarter ended Oct. 30, a decrease of 17.6% from the same period a year ago. Same-store sales declined by 12.6%.

    The company posted a loss from continuing operations in the third quarter of $74.4 million, versus a loss $37.7 million a year ago.

  • ComScore reports online holiday spending surpasses $17.5 billion

    New York City -- More than $17.5 billion has been spent online for the November-December 2010 holiday season to donate , marking a 12% increase versus the corresponding days last year, comScore reported on Wednesday.

  • Costco Q1 profit up on improved sales

    Issaquah, Wash. -- Costco Wholesale Corp.'s profit climbed 18% in its first fiscal quarter, buoyed by sales from its consolidated Mexican operations and improved sales and traffic at its U.S. stores. Net income rose to $312 million for the period ended Nov. 21, up from $266 million a year earlier.

    The results topped analysts' average forecasts.

    Revenue rose 11% to $19.24 billion from $17.3 billion, also beating Wall Street's expectation.

  • Men’s Wearhouse profit up 31%, but outlook disappoints

    Houston -- Men's Wearhouse said Tuesday that higher sales lifted its third-quarter profit by 31%, but its forecast for the fourth quarter missed Wall Street's expectations.

    Net income rose to $25.3 million in the three months ended Oct. 30, from $19.3 million a year earlier. Revenue increased 19% to $550.1 million, from $462 million in the previous year. Tuxedo rental revenue rose 13% and accounted for more than 20% of the company's quarterly total. Other clothing sales climbed 22% in the quarter.

  • Home Depot raises 2010 guidance; 10 new stores planned for 2011

    New York City -- Home Depot on Wednesday slightly raised its fiscal 2010 earnings guidance for the second time in two months as the market for home-improvement projects slowly begins to improve. The retailer plans to open 10 stores in 2011, and has budgeted $1.3 billion in capital expenditures. and about $2.5 billion on share repurchases.

    The retailer now expects net income from continuing operations to be $1.97 per share, up from prior guidance of $1.94 per share. Analysts polled by Thomson Reuters, on average, also predict $1.94 per share.

  • Talbots profit up 17% on cost-cutting

    Hingham, Mass. -- The Talbots on Tuesday said its third-quarter profit rose 17% on cost-cutting. But its revenue fell and the retailer offered weak fourth-quarter guidance and cut its full-year outlook.

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