Data & Analytics

NEW YORK — Saks Inc. reported a second-quarter net loss of $8.4 million, or 5 cents per diluted share. For last year’s second quarter, the company posted a net loss of $32.2 million, or 21 cents per share. 

Revenue rose 13% to $670.2 million from $593.1 million, beating Wall Street's $657.4 million. Same-store sales surged 15.5%, surpassing Saks' expectations.

PHILADELPHIA — Urban Outfitters, which caters to a clientele with a unique and forward-looking approach to fashion and lifestyle merchandise, missed the mark during the second quarter, reporting a 21% profit decline and a same-store sales slip of 2%.

The company reported that earnings for the quarter were $56.7 million compared $71.7 million a year earlier. The company blamed increased expenses related to investments in e-commerce, retail catalogs and technology for the performance slip.

ALBUQUERQUE, N.M. — Kroger announced that two of its Smith's stores in Albuquerque, N.M., have installed photovoltaic energy panels.

The solar energy system on the roof of each Smith's store consists of 442 panels, each containing cells that convert sunlight into direct current electricity, Kroger said. Smith's was selected to be among the first Kroger division stores to install photovoltaic panels.

SALISBURY, N.C. — The U.S. Environmental Protection Agency has awarded two Food Lion stores its 2011 gold-level GreenChill store certification award.

The stores are located in Conyers, Ga., and Columbia, S.C. Food Lion became a founding partner with the EPA's GreenChill program in 2007.

Pittsburgh -- Dick's Sporting Goods reported Tuesday that net income for the quarter ended July 30 rose 43% to $73.8 million, compared with $51.5 million in the year-ago period.

Revenue rose 7% to $1.31 billion from $1.23 billion. Same-store sales increased 2.5%.
 

Salisbury, N.C. -- Grocery chain Food Lion said Tuesday that two of its stores have earned the U.S. Environmental Protection Agency's 2011 Gold-Level GreenChill Store Certification Award, one of the agency's highest honors for refrigeration.

The stores are located in Conyers, Ga., and in Columbia, S.C.

Food Lion became a founding partner with the EPA's GreenChill program in 2007. Since that time, the grocer joined other food retailers to reduce refrigerant emissions and decrease impact on the ozone layer and climate change. Food Lion has won GreenChill's Distinguished Partner Award and its Superior Environmental Achievement Award in the past.

"Our company is committed to going beyond simply reducing refrigerants," said Susan Sollenberger, director of energy, maintenance and equipment purchasing at Delhaize America South. "In addition to reducing emissions through the EPA's GreenChill partnership, we contin

Albuquerque, N.M. -- Kroger Co. said Tuesday that its Smith's Food & Drug Stores division has completed the installation of photovoltaic energy panels at two Albuquerque, N.M. stores.

The solar energy output from these two store systems is 320,000 kWh, eliminating the need for that amount of energy from fossil fuel sources. It is estimated this energy savings would heat and cool 30 homes in New Mexico for one year; is the equivalent of planting 57 acres of trees; or removing 40 cars from the road.

Oakland, Calif. -- GT Nexus announced Tuesday that Liz Claiborne has extended its contract for a supply chain visibility and control platform.

Delivered as a cloud service, the platform gives Liz Claiborne the capability to tightly monitor and control inventory flows between suppliers, logistics providers, distribution centers and customers.

Atlanta -- Home Depot reported Tuesday that its second-quarter net income soared 14% to $1.36 billion, compared with $1.19 billion in the year-ago period. The home-improvement retailer cited an uptick in storm-related repairs and lawn supplies for the improved performance.

Revenue rose 4% to $20.23 billion, topping Wall Street’s expected $19.97 billion. Same-store sales rose 4.3% globally and 3.5% in the United States.

New York City -- Saks reported Tuesday that it has tightened its losses in the quarter ended July 30, posting a loss of $8.4 million compared with a loss of $32.2 million in the year earlier period.

The luxury retailer cited increased full-price selling for the improvement, but warned Wall Street that it was heading into the fall selling season with caution because of the uncertain economic conditions.