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":"Foot Locker reports healthy Q4 sales, profit","id":54482,"bundle":"article","summary":"The CEO of Foot Locker credits the company's revised strategic framework with single digit sales gains and double digit earnings gains in the fourth quarter.
\r\n\t
\r\n\tFor the period ended Jan. 30, Foot Locker reported net Income of $1.14 per share, a 13% increase from the prior year quarter. Earnings per share were $1.16, 16% above last year. Same-store sales increased 7.9%.
\r\n\t
\r","showSummary":null,"url":"/news/foot-locker-reports-healthy-q-sales-profit","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":56733,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39676.jpg?itok=NdgFHhrP","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
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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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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.
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Report: Sports Authority may sell stores to Dick's Sporting Goods
Sports Authority Inc., which is reportedly preparing to file for bankruptcy, has discussed selling stores and intellectual property to rival chain Dick’s Sporting Goods Inc. and other parties, according to Bloomberg.
Sports Authority, once the largest sporting-goods retailer in the U.S., is heading toward default after years of losing ground to competitors. The Englewood, Colorado-based chain missed a Jan. 15 interest payment on some of its debt and failed to make the payment during a 30-day grace period.