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Data & Analytics

  • TJX Q1 earnings up 41%, boosts FY outlook

    FRAMINGHAM, Mass. — The TJX Companies reported that net sales for the first quarter of fiscal 2013 increased 11% to $5.8 billion and consolidated comparable-store sales increased 8%. Net income for the first quarter was $419 million and diluted earnings per share were 55 cents.

  • Retail sales stagger in April

    WASHINGTON — A Tuesday report by the Commerce Department showed that U.S. retail sales during the month of April edged up 0.1%, following a 0.7% gain in March and marking the smallest rise of the year so far. The gain was in line with projections.

    Excluding auto sales, retail sales climbed 0.1% in April.

  • Kroger honored for promoting food safety

    CINCINNATI — The International Association for Food Protection is honoring Kroger with the 2012 Black Pearl Award for advancing food safety and quality.

    The  (IAFP) names one company annually for its efforts to advance food safety and quality through consumer programs, employee relations, educational activities, adherence to standards, and support of the goals and objectives of the IAFP.

  • Shopatron names new CFO

    SAN LUIS OBISPO, Calif. — Shopatron, the flexible fulfillment company, has announced the appointment of Dave Morrison as its CFO.

  • JCPenney stands behind strategy as comps, earnings slip in Q1

    PLANO, Texas —  From personnel changes to its new "fair and square" price strategy, JCPenney has put a lot into changing the company's image, and investors are waiting for it to pay off. For the first quarter, the company reported an adjusted net loss of $55 million or 25 cents per share, excluding markdowns taken as a result of the company's continuing efforts to reduce inventory levels to align with its new strategy, restructuring and management transition charges and non-cash qualified pension expense.

  • Survey: Retail CFOs more optimistic about economic growth; investments back on table

    New York -- Retail financial chiefs are increasingly optimistic about economic prospects over the next 12 months and plan to pivot toward expansion and adding jobs, according to a survey by American Express.

    The fifth annual American Express/CFO Research Global Business & Spending Monitor, a survey of 541 senior finance executives from the United States, Europe, Canada, Latin America, Asia and Australia, revealed that investments in expanded operating capacity, research and development, and mergers and acquisitions are once again on the table.

  • Walmart expands solar footprint to Massachusetts

    New York -- Walmart plans to install solar panels on about half of its stores in Massachusetts, making it the largest user of solar power in the state.

    Walmart is partnering with Greenskies Renewable Energy LLC, Middletown, Conn., on the project, which involves 27 stores.

  • Maxima selects Galleria for merchandising solution

    Chicago -- Galleria Retail Technology Solutions said Tuesday that Lithuanian retailer Maxima Grupe will use a range of Galleria solutions to automate and optimize its merchandising strategy.

    Maxima plans to implement Intelligent Store Optimization, Behavioural Cluster Planning, Customer Centric Merchandising and Galleria Foundation Services in more than 400 stores across Eastern Europe, according to Edvinas Volkas, chief food purchaser at Maxima group.

  • Smartphones shown to drive demand for mobile banking and payments

    New York -- Research by ACI Worldwide and Aite Group has identified a new group of smartphone fanatics – coined Smartphonatics – are driving demand for mobile banking and other financial services.

  • J.C. Penney loses $163 million in Q1; same-store sales slide 18.9%

    Dallas -- J. C. Penney Co. on Tuesday reported a loss of $163 million, or 75 cents a share, for its fiscal quarter ended April 28, 2012, compared with a year-earlier profit of $64 million.

    Excluding markdowns to reduce inventory levels, restructuring costs and pension-plan expenses, the loss was $55 million or $0.25 per share, compared with a year-earlier profit of 36 cents.

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