News

HSN Owner Picks New CFO

BY CSA STAFF

New York City, IAC InterActive Corp., owner of Home Shopping Network and Ticketmaster, appointed Thomas J. McInerney CFO, effective Jan. 1. He will replace Dara Khosrowshahi, who will become president and CEO of IAC Travel.

McInerney currently serves as CEO of the company’s HSN television shopping network and IAC Electronic Retailing Business.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Lowe’s Q3 Earnings Up 15.5%

BY CSA STAFF

Wilkesboro, N.C., Lowe’s Cos. income rose 15.5% in the third quarter to $522 million, up from $452 million in the same period last year. Comp-store sales increased 5.2% as total sales increased to $9.1 billion, from $7.8 billion a year ago.

“Continued signs of a robust housing market, improving employment and strong demographic trends provide a foundation for our optimism for the future,” Robert Tillman, chairman and chief executive, said in a statement.

The company’s 5.2% comps on top of the 12.2% increase in last year’s third quarter marked the best two-year performance in almost a decade.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Barnes & Noble 3Q Profit Falls 25%

BY CSA STAFF

New York City, Barnes & Noble, Inc. reported earnings of $10.2 million in the third quarter ended Oct. 30, a decline of 25% when compared with earnings of $7.6 million in the prior-year period. The book chain attributed the decrease in part to higher expenses and soft demand for bestsellers. Higher purchases of DVD media, juvenile products and cafe merchandise helped offset some of that weakness, the retailer said. Same-store sales were up 0.9% for the 13-week period, while overall sales rose 4% to $894.9 million at Barnes & Noble stores. Total revenues for the third quarter increased 15% to $1.46 billion from $1.27 billion.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...