Things were worse than expected for Lumber Liquidators in the fourth quarter, which experienced decreased customer activity that was likely due to cancer-related concerns over its laminate flooring.
\r\n\tNet sales for the quarter ended Dec. 31, 2015 were down 13.7% year-over-year to $234.8 million, including a comparable store net sales decline of 17.2% that was based on a 15.6% decrease in customer count and a 1.6% decrease in the average sale.
","showSummary":null,"url":"/news/lumber-liquidator-woes-continue-q","date":"2016-02-29T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":56810,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39705.jpg?itok=JQCMo95r","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Shoppers Drug Mart posts Q4 same-store sales lift of 5%","id":54455,"bundle":"article","summary":"Loblaw on Thursday posted $33.6 billion in revenue for its year ended Jan. 2, a 6.5% lift with one week less of sales - Loblaw's fiscal 2015 represents 52 weeks while fiscal 2014 represents 53 weeks.
","showSummary":null,"url":"/news/shoppers-drug-mart-posts-q-same-store-sales-lift","date":"2016-02-29T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":56804,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39703.jpg?itok=TWmvVqWa","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"A sparkly fourth quarter for Signet Jewelers","id":54467,"bundle":"article","summary":"Signet Jewelers attracted large numbers of Christmas shoppers over the fourth quarter as the parent company of Zales, Kay and Jared posted a jump in same-store sales.
\r\n\t
\r\n\tThe world's largest retailer of diamond jewelry reported that for the period ended Jan. 30, same-store sales increased 4.9%. Diluted earnings per share grew over 20%. Adjusted EPS increased over 18% and ahead of the guided range.
\r\n\t
\r","showSummary":null,"url":"/news/sparkly-fourth-quarter-signet-jewelers","date":"2016-02-29T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":56772,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39691.jpg?itok=1ZjKLBh4","width":485,"height":340,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"More good news for J.C. Penney","id":54450,"bundle":"article","summary":"
J.C. Penney on Monday received an official vote of confidence in its performance: an improved credit rating.
\r\n\t
\r\n\tFitch Ratings upgraded Penney’s credit rating, saying the department store retailer has “demonstrated a meaningful turnaround of its business over the last over the last two years.” Fitch upgraded Penney from B- to B with a positive outlook.
\r\n\t
\r","showSummary":null,"url":"/news/more-good-news-jc-penney","date":"2016-02-29T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":56818,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39708.jpg?itok=sYDZb9L-","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Sprouts Farmers Market sales hit record high","id":54483,"bundle":"article","summary":"
Perhaps no other retailer is profiting as well from Americans' changing eating habits than Sprouts Farmers Market, which reported record sales and earnings for the fourth quarter.
\r\n\t
\r\n\tThe Arizona-based grocer said that same-store sales during the period ended Jan. 3 rose 7.4%. Net income was $28.2 million and diluted earnings per share were 18 cents. Net sales were $3.59 billion, a 21% increase compared to reported net sales in 2014. Adjusted diluted earnings per share of $0.86, a 19% increase from 2014.
\r\n\t
\r","showSummary":null,"url":"/news/sprouts-farmers-market-sales-hit-record-high","date":"2016-02-26T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":56731,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39675.jpg?itok=tk3w7KFO","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Dillard’s stocking on its own shares","id":54480,"bundle":"article","summary":"
Dillard’s has approved a new share repurchase program authorizing the company to repurchase up to $500 million of its Class A Common Stock.
\r\n\tThe new open-ended authorization permits the company to repurchase its Class A Common Stock in the open market, pursuant to preset trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934 or through privately negotiated transactions. The company completed the authorization under its previous $500 million share repurchase program during the fourth quarter of 2015.
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AutoZone moves into the fast lane in Q2
Efforts to rework its distribution process netted big wins in the second quarter for AutoZone, which reported increases in same-store sales and profit.
The auto parts retailer posted net sales of $2.3 billion for its second quarter ended Feb. 13, an increase of 5.3% from the second quarter of fiscal 2015. Same-store sales increased 3.6% for the quarter. Net income for the quarter increased 8% over the same period last year to $228.6 million, while diluted earnings per share increased 14.2% to $7.43 per share from $6.51 per share in the year-ago quarter.
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Ross Stores beats Q4 estimates; cautious about 2016
Ross Stores reported strong results for its fourth quarter. But similar to many other retailers, the off-price retailer sounded a cautious note with regards to sales and earnings for its new fiscal year.
Ross on Tuesday reported earnings per share for the fourth quarter ended January 30, 2016 of $.66, up 10% from the prior year, on net earnings that rose 6% to a better-than-expected $264 million.