BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Sears (SHLD) quarterly profit plunges 47.5% on weak sales]]>http://www.bloggingstocks.com/2008/02/28/sears-shld-quarterly-profit-plunges-47-5-on-weak-sales/http://www.bloggingstocks.com/2008/02/28/sears-shld-quarterly-profit-plunges-47-5-on-weak-sales/http://www.bloggingstocks.com/2008/02/28/sears-shld-quarterly-profit-plunges-47-5-on-weak-sales/#commentsFiled under: , , , , ,

Shares of department store retailer Sears Holdings Corp. (NASDAQ: SHLD) have moved higher this morning, despite the fact that the company posted a 47.5% decline in fourth-quarter profit, hurt by increased markdowns and weak sales of its products.

The retailer announced that its quarterly profit dropped to $426 million, or $3.17 a share on declining margins as sales at its Kmart and Sears stores slipped due to the weak U.S. economy and increased competition. These numbers are down from $811 million, or $5.27 per share reported in the same period a year ago.

Included in the company's earnings numbers was a one-time gain related to the sale of some assets. Excluding that, Sears earnings numbers would have come at $3.04 per share. Analyst estimates (which typically exclude one time items) was for $3.10 per share in the quarter.

Continue reading Sears (SHLD) quarterly profit plunges 47.5% on weak sales

Sears (SHLD) quarterly profit plunges 47.5% on weak sales originally appeared on BloggingStocks on Thu, 28 Feb 2008 11:34:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>consumers spendingConsumersSpendingearningsinthenewsJ.C. PenneyJ.c.PenneyJCPrecessionretailerSears HoldingsSearsHoldingsSHLDWal-Mart StoresWal-martStoresWMTThu, 28 Feb 2008 11:34:00 EST<![CDATA[Holiday internet sales may hit record]]>http://www.bloggingstocks.com/2007/11/28/holiday-internet-sales-may-hit-record-according-to-industry-wat/http://www.bloggingstocks.com/2007/11/28/holiday-internet-sales-may-hit-record-according-to-industry-wat/http://www.bloggingstocks.com/2007/11/28/holiday-internet-sales-may-hit-record-according-to-industry-wat/#commentsFiled under: , , ,

This week's Cyber Monday retail event on the internet is shaping up to be the best ever, according to many retail industry watchers. Retailers Wal-Mart Stores Inc. (NYSE: WMT) and Circuit City Stores Inc. (NYSE: CC) had heavy promotions this past Monday, along with online-only retailers Amazon.com (NASDAQ: AMZN) and Buy.com.

Did possible record sales come after heavy price chopping, or was the Cyber Monday sales push more customer-driven? Heavy discounting already is being looked at as the cause, and although legit, it could cause a large dip in profits to those retailers overexercising the strategy.

Continue reading Holiday internet sales may hit record

Holiday internet sales may hit record originally appeared on BloggingStocks on Wed, 28 Nov 2007 11:47:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Black FridayBlackFridayconsumer confidenceConsumerConfidenceconsumers spendingConsumersSpendingCyber MondayCyberMondayholiday salesholiday sales recordsHolidaySalesHolidaySalesRecordsinthenewsretail salesRetailSalesWed, 28 Nov 2007 11:47:00 EST