Data & Analytics

NEW YORK — Saks Inc. announced reported net income of $28.4 million, or 16 cents per diluted share, for the first quarter. For the prior year first quarter, the company recorded net income of $18.8 million, or 11 cents per diluted share. 

Stephen Sadove, chairman and CEO, noted, "I am very pleased with our first quarter results. Our improved year-over-year performance was driven by a 10.2% comparable-store sales increase and continued gross margin rate improvement."

Framingham, Mass. -- TJX Cos. reported Tuesday that net income for the first quarter plummeted 20% on the closing of its A.J. Wright stores, but strong sales buoyed the retailer’s full-year forecasts.

TJX earned $266 million in the quarter ended April 30, compared with $331.4 million in the year-ago period. Revenue increased 4% to $5.22 billion, surpassing Wall Street's estimate of $5.14 billion.

Same-store sales increased 2%.

TJX raised the low end of forecast for full-year adjusted earnings.
 

Atlanta -- Home Depot reported Tuesday that profit rose 12% in the first quarter, beating Wall Street estimates and causing the retailer to boost its outlook for the full year.

Home Depot earned $812 million in the quarter ended May 1, compared with $725 million in the year-ago period.

Revenue, however, slipped 0.2% to $16.82 billion on a weaker spring selling season, missing analysts’ expectations of $17.06 billion.

Same-store sales dipped 0.6%, with U.S. stores down 0.7%.

Bentonville, Ark. -- Wal-Mart Stores reported Tuesday that net income for the first quarter ended April 30 rose 3% to $3.39 billion, beating Wall Street estimates. Overall results were powered by overseas stores and stringent cost controls, but business in the United States remains soft as U.S. Walmart stores posted an eighth straight quarter of same-store declines.

Wal-Mart's U.S. division recorded a 0.3% dip in same-store revenue, dragged down by a 1.1% drop at its namesake stores. Same-store sales increased 4.2% at Sam’s Club warehouse stores.

Dallas -- Lucernex Technologies said Tuesday that Jack in the Box has implemented Lucernex’s store lifecycle management solution to manage its real estate portfolio, which includes more than 2,200 Jack in the Box restaurants across 19 states.

According to Lucernex, by implementing the retail version of the Lx Retail product suite, Jack in the Box can streamline its process of selecting store sites, building and opening new store locations, as well as managing existing locations to avoid time delays and save costs.

Ra-anana, Israel -- Retalix announced Tuesday that PetroChina has completed a rollout of its StorePoint POS and StorePoint Fuel solutions to more than 16,000 convenience store and fuel locations across China.

The Retalix software rollout was part of a larger IT hardware and software upgrade for PetroChina, helping the retailer introduce greater automation and control over its store-level and enterprise-level operations.

Centennial, Col. -- Ikea on Tuesday officially plugged-in the solar energy system installed at its upcoming location in Centennial, Col. (the 415,000-sq.-ft. store is due to open on July 27).

The 60,000-sq.-ft. array consists of a 498-kW system, built with 2,212 panels. It will produce approximately 740,000 kWh of electricity annually, the equivalent of reducing at least 564 tons of carbon dioxide (CO2), eliminating the emissions of 100 cars or powering 62 homes yearly.

Philadelphia -- Urban Outfitters reported Monday that profit for the first quarter declined more than expected, posting net income of $39 million compared with $53 million a year earlier.

However, revenue topped Wall Street's estimates, as the operator of Urban Outfitters, Anthropologie, Free People and Terrain banners saw sales rise 9% to $524 million. Same-store sales fell 5%. But direct-to-consumer (catalogs and online) same-store sales increased 15%.

Jacksonville, Fla. -- Winn-Dixie Stores said Monday that profit for the quarter ended April 6 rose to $23.5 million, compared with $20.9 million in the year-ago period.

Revenue declined to $1.62 billion, and same-store sales slipped a half-percent.
 

The country's second largest home center chain posted sales of $12.2 billion in its first quarter ended April 29. That's down 1.6% as the one-two punch of bad weather and weak economy took its toll.

The company's earnings also declined -- down 5.7% to to $461 million. Comparable store sales were down 3.3%.