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Data & Analytics

  • Barnes & Noble swings to Q4 loss on sharp decline in Nook e-book sales

    New York -- Barnes & Noble reported on Thursday a loss in the fiscal third quarter, hurt by a 26% decline in revenue for its Nook e-book readers.
     
    The company posted a loss of $6.1 million quarter through Jan. 26, compared to a profit of $52 million in the year-ago period. The retailer blamed the loss partially on charges stemming from weaker-than-expected sales of Nook e-readers during the holiday shopping season.
       
    Revenue fell 9% to $2.22 billion. Analysts had predicted sales of $2.4 billion.

  • Sears narrows Q4 loss

    Hoffman Estates, Ill. -- Sears Holding Corp. reported a higher-than-expected quarterly profit for the fourth quarter before special items, boosted by lower costs.

    The company said its net loss for the quarter ended on Feb. 2 narrowed to $489 million from $2.4 billion a year earlier. Total costs dropped 2.2% to $12.88 billion in the fourth quarter.

    Sales declined about 1.8% to $12.26 billion, but beat analysts' average estimate of $11.77 billion.

  • Walmart Neighborhood Market to be lit entirely with LEDs

    Durham, N.C. -- When Walmart Neighborhood Market in Mt. Pleasant, Wis., opens later this year, it will join the small but growing ranks of stores that are lit entirely with LEDs. The chain is installing LED technology from Cree, including more than 400 linear luminaires (CS18), for illumination – from the sales floor and pharmacy to restrooms, vestibules and backroom areas. Cree LED lighting will also be installed in the parking lot and exterior areas of the store.
     

  • Limited Brands Q4 income up 14%; outlook weak

    Columbus, Ohio -- Limited Brands Inc. said that its fourth quarter net income in the 14-week period through Feb. 2, 2013, rose a better-than expected 14% to $411.4 million. That compares to a 13-week period that ended on Jan. 28, 2012, in which net income came to $359.4 million. The chain also forecast profit for the current quarter and fiscal year below analysts' expectations.
     

  • Gap wows Street as Q4 profit surges 61%; plans call for expanding Athleta

    San Francisco -- Gap Inc. offered further proof that its turnaround has taken hold, reporting a 61% increase in fourth quarter profit amid strong same-store sales growth across its banners. The results end a strong year for the chain, which also said it was increasing its dividend by 20%.

  • Walmart expands solar installations in Hawaii

    Kapolei, Hawaii -- Wal-Mart Stores Inc. announced Wednesday that, together with SunEdison, it has completed new solar power installations at three Walmart stores in Kahului, Kailua-Kona and Kapolei, Hawaii, doubling the total number of stores in Hawaii powered by renewable solar energy.

    The installations contribute to Wal-Mart’s objective of being supplied 100% by renewable energy. Similar installations are already in operation atop the Honolulu Sam's Club and Mililani Walmart on Oahu, and the Lihue Walmart on Kauai.

  • Target Q4 slips but tops Street; will open 124 stores in Canada by yearend

    Minneapolis -- Target Corp. reported Wednesday a profit of $961 million for the fourth quarter, down from $981 million in the year-ago period. The profit slip reflected expenses related to its Canadian market entry along with a spending slowdown during the holiday sales period. It was Target's weakest holiday season performance since 2008. But its adjusted results beat analysts' estimates and it forecast first-quarter earnings above Wall Street's view.

  • TJX profit surges in Q4; full-year forecast below expectations

    Framingham, Mass. -- The TJX Cos. reported Wednesday a profit of $604.8 million for the quarter ended Feb. 2, compared with $475.3 million in the year-ago period. Despite the strong showing, TJX forecast a slowed growth pace for the new fiscal year and issued a profit forecast below analysts’ expectations. And joining many other retailers, the company announced that beginning with the fiscal 2014 second quarter, it will no longer report monthly sales.

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