FINANCE

NRF: St. Patrick’s Day spending to grow to $4.7 billion

BY Katherine Boccaccio

Washington, D.C. — A report released Tuesday by the National Retail Federation said that spending for St. Patrick’s Day is expected to grow to $4.7 billion, as celebrants invest an average of $35.27 on green attire, St. Patrick’s Day décor and holiday food and drink.

According to NRF’s St. Patrick’s Day Spending Survey conducted by BIGinsight, 84.2% of consumers will celebrate by wearing green. An additional 23.3% will decorate their home or office, and 34.6% will make a special dinner.

According to the survey, 19.5% of those who plan to celebrate this year will attend a private party, and 27.4% will attend a party at a bar or restaurant.

Young adults ages 18-24 may be the age group planning the most celebrations (77.3%), but 35-44 year olds will be the ones spending the most at an average of $41.68; close behind are adults 25-34 who will spend an average of $41.58.

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itoffer says:
Mar-20-2013 07:34 am

If you're preparing for
If you're preparing for career change and looking for MCITP Training the best online training provider that provide the all the and complete MCTS certification exams training in just one package, certkingdom self study training kits, save your money on bootcamps, training institutes, It's also save your traveling and time. MCSE certification

itoffer says:
Mar-20-2013 07:34 am

If you're preparing for career change and looking for MCITP Training the best online training provider that provide the all the and complete MCTS certification exams training in just one package, certkingdom self study training kits, save your money on bootcamps, training institutes, It's also save your traveling and time. MCSE certification

L.Jandayan says:
Mar-06-2013 09:38 pm

However the main finding is
However the main finding is that mortality due to collisions with turbines is not a major factor, although some bird populations decline during construction and not all return to the same level during the operational phase. - Steven Wyer

L.Jandayan says:
Mar-06-2013 09:38 pm

However the main finding is that mortality due to collisions with turbines is not a major factor, although some bird populations decline during construction and not all return to the same level during the operational phase. - Steven Wyer

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FINANCE

Staples Q4 profit plummets 72%, forecast misses

BY Katherine Boccaccio

Framingham, Mass. — Staples reported Wednesday that profit for the quarter ended Feb. 2 fell 72% to $78.1 million from $283.6 million, impacted by store closings and other charges.

Revenue edged up 3% to $6.57 billion, boosted by an extra week in the period. Results missed Wall Street’s expected $6.71 billion in revenue. Same-store sales fell 5%, excluding e-commerce revenue.

For the full year, Staples lost $210.7 million, compared to net income of $984.7 million in the year-ago period. Annual revenue dipped 1% to $24.38 billion.

The office supply retailer has forecast fiscal 2013 revenue of $23.92 billion, behind Wall Street’s projected $24.33 billion in revenue.

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S.Gacho says:
Mar-17-2013 10:35 am

It is nice to hear that your
It is nice to hear that your profit from the time that you started your business will be back to you. It means that the business is a great success on your part. - Carmack Moving and Storage

S.Gacho says:
Mar-17-2013 10:35 am

It is nice to hear that your profit from the time that you started your business will be back to you. It means that the business is a great success on your part. - Carmack Moving and Storage

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Big Lots profit edges up in Q4; 50 stores on tap for fiscal 2013

BY Katherine Boccaccio

Columbus, Ohio — Big Lots reported Wednesday that net income for the fourth quarter rose to $120.3 million, from $114.7 million in the year-ago period. Sales in the U.S. increased 4.4% to $1.7 billion from $1.6 billion, and domestic same-store sales dipped 3.5%.

For the full year, income from continuing operations dropped to $177.2 million, from $207.2 million in the prior fiscal year. This year’s results included $3.4 million in charges related to new inventory system implementation.

Total sales for the year increased 3.8% to $5.4 billion.

The company said that it plans to open 50 new stores in fiscal 2013, and close 45. In Canada, it will open two to three stores and close a similar number.

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