Lisa Von Ahn Archives - Total Retail

August 19, 2010Sears posts quarterly loss; sales dip

NEW YORK (Reuters) - Sears Holdings Corp reported a quarterly loss on Thursday as consumers curbed spending in a grim U.S. economy. The operator of Sears department stores and Kmart discount stores said its net loss narrowed to $39 million, or 35 cents a share, in the second quarter ended July 31 from $94 million, or 79 cents a share, a year earlier. Sales fell $93 million to $10.5 billion. That missed the analysts' average estimate of $10.6 billion, according to Thomson Reuters I/B/E/S. Earlier this week, the retailer's Canadian

August 19, 2010Williams-Sonoma blows past quarterly estimates

NEW YORK/DETROIT (Reuters) - Upscale home-goods chain Williams-Sonoma Inc posted a far stronger-than-expected quarterly profit as it used mailers and exclusive merchandise to lure more shoppers. The operator of Williams-Sonoma cookware stores and the Pottery Barn furnishings chain said net profit was $30.8 million, or 28 cents a share, in the second quarter ended on Aug. 1, compared with $399,000, or break-even per share, a year earlier. Excluding items, the company earned 31 cents a share. Analysts on average were expecting 22 cents, according to Thomson Reuters I/B/E/S. Net sales

August 18, 2010Target posts higher quarterly profit

CHICAGO (Reuters) - Target Corp posted higher quarterly earnings, helped by sales of more profitable items like clothing and improved profit at its credit card business. The discounter said profit rose to $679 million, or 92 cents a share, in the second quarter ended July 31 from $594 million, or 79 cents a share, a year earlier. Analysts on average had forecast 92 cents a share, according to Thomson Reuters I/B/E/S. Earlier this month, Target reported sales of $15.13 million for the quarter at its retail business, up 3.8 percent

August 16, 2010Lowe's results miss, says it sees uncertain demand

* Shares up 1.1 percent (Adds Q3 outlook, background, stock activity) NEW YORK (Reuters) - Lowe's Cos missed quarterly profit and sales estimates as benefits from the homebuyer tax credit and cash for appliances programs waned, and the retailer warned of uncertain demand. The second-largest home improvement chain after Home Depot also forecast current-quarter profit of 28 cents to 32 cents a share, while analysts were expecting 31 cents. Sales at Lowe's and Home Depot had benefited immensely in the first quarter, which ended in April. Many

July 29, 2010UPDATE 1-RadioShack quarterly profit rises, meets views

* Q2 EPS 41 cents in line with Street estimate * Sales rise 4.7 pct to $1.01 billion NEW YORK (Reuters) - RadioShack Corp reported a higher quarterly profit, in line with expectations, as the consumer electronics chain benefited from higher postpaid wireless sales and the launch of key products like Apple's iPhone 4. The company, long speculated to be a takeover target, has shifted its focus to its wireless business to offset tepid sales of products like TV converter boxes, videogame systems and batteries.