Data & Analytics

Los Angeles -- CB Richard Ellis Group announced the promotion of two executives for its Global Corporate Services business.

Jim Wilson is being promoted to COO and Ken Loeber is being promoted to global chief sales officer for GCS.

In his new role, Wilson, a 23-year industry veteran, will be responsible for GCS’s major global service lines (Facilities Management, Project Management and Transaction Management) as well as continuing to have operational responsibility for more than 150 corporate clients across all global regions.

Oakbrook Terrace, Ill. -- Marcus & Millichap Real Estate Investment Services said it has promoted Tammy A. Saia to VP investments.

Saia began her career with Marcus & Millichap in September 2003, specializing in the sale of retail properties. Most recently, she held the position of associate VP investments.

 

Fort Myers, Fla. -- Chico’s FAS reported Wednesday that its profit for the second quarter surged 42% to $43.4 million, up from $30.5 million a year earlier. Revenue rose 18% to $551.4 million, topping Wall Street’s expected $536.3 million, and same-store sales increased 12.8%. By brand, same-store sales were up 11.9% at Chico and Sonoma Intimates, and comps were up 14.9% at White House | Black Market.

Westborough, Mass. -- BJ's Wholesale Club reported Wednesday that net income for the quarter ended July 30 increased 28% to $45.7 million, compared with $35.7 million in the year-ago period.

The warehouse club operator said revenue rose 11% to $3.05 billion from $2.75 billion, beating an expected $2.98 billion. Revenue from membership fees increased to $51.8 million from $47.5 million, while net sales rose to $2.98 billion from $2.69 billion. Same-store sales rose 7.8%, including a 4% contribution from fuel sales.

Framingham, Mass. -- Staples reported Wednesday that profit for the quarter ended July 30 rose 36% to $176.4 million, compared with $129.8 million in the year-ago period. The quarter included the first weeks of the back-to-school shopping season.

Revenue rose 5% to $5.82 billion, beating Wall Street’s expected $5.64 billion. Same-store sales were flat.


 

Minneapolis -- Target Corp. reported Wednesday that earnings for the second quarter rose 3.7%, boosted by same-store sales growth and beating Wall Street expectations.

The retailer posted a profit of $704 million for the quarter ended July 30, compared with $679 million in the year-ago period. Revenue rose 4.6% to $16.24 billion, besting analysts’ expected $16.17 billion. Same-store sales rose 3.9%.

ATLANTA — Sales increased 4.2% at The Home Depot, the company reported Tuesday morning.

The Atlanta-based company posted $20.2 billion in sales for the period. The company's net earnings for the quarter were $1.4 billion, compared with net earnings of $1.2 billion in the same period of fiscal 2010. 

Encouraged by the growth, the world's largest home improvement retailer raised its fiscal 2011 diluted earnings-per-share guidance to an expectation of $2.34 for the year, up 16%.

BENTONVILLE, Ark. — Despite the absence of top line growth at Walmart’s U.S. stores division, second quarter earnings grew 12.4% to $1.09 and came in a penny ahead of analysts’ estimates, which was enough for the company to narrow and increase the range of its full year profit forecast.

FRAMINGHAM, Mass. — TJX announced that net sales for the second quarter of fiscal 2012 increased 8% to $5.5 billion and consolidated comparable-store sales increased 4%. Net income for the second quarter was $348 million and diluted earnings per share were 90 cents, compared with 74 cents per share last year. 

HOFFMAN ESTATES, Ill. — Sears Holdings announced Tuesday that Robert Schriesheim will join the company as EVP and CFO.  Schriesheim, who starts with the company immediately as EVP, will assume his responsibilities as CFO effective Aug. 22.

Schriesheim, 51, most recently was CFO for Hewitt Associates, leading the company's global financial and administrative roles until its merger with Aon Corp.