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Homegoods posts

TJX Cos. 3Q earnings fall short of expectations, but future guidance looks bright

Posted Nov 13th 2007 12:51PM by Beth Gaston Moon (RSS feed)
Filed under: Earnings Reports, Good news, Bad News, Technical Analysis

TJX Cos. (NYSE: TJX) - parent of the T.J. Maxx, HomeGoods, and Marshalls chains of discount retailers - said this morning that third-quarter profit jumped 13% to $249.5 million, or 54 cents per share. This figure was a penny shy of analysts' consensus estimate of 55 cents.

Revenue rose 6% during the 3-month reporting period to $4.74 billion from $4.47 billion in the year-ago period. Same-store sales jumped 3%. This headline number also failed to meet Street expectations of $4.79 billion.

Company president/CEO Carol Meyrowitz was quoted by Dow Jones as noting that while warm fall weather curbed demand slightly, "as the weather cooled towards the end of the quarter, we saw a strong surge in sales and demand for cold weather apparel."

Continue reading TJX Cos. 3Q earnings fall short of expectations, but future guidance looks bright

Home decor stores a victim of their own success

Posted Mar 25th 2007 8:40AM by Zac Bissonnette (RSS feed)
Filed under: Bad News, Products and Services, Management, Competitive Strategy, Marketing and Advertising

These are tough times for retail sellers of home furnishings and decorative products. Take a look at the five-year charts for Bombay Company Inc. (NYSE:BBA) and Pier 1 Imports (NYSE:PIR), two of the leaders in the category:

Continue reading Home decor stores a victim of their own success

Spanish talk-show host lends name to Kohl's for new line

Posted Dec 12th 2006 10:47AM by Brian White (RSS feed)
Filed under: Good news, Products and Services, Consumer Experience, Competitive Strategy, Marketing and Advertising, Kohl's Corp (KSS)

A Spanish television talk-show host -- Cristina Saralegui -- has been installing herself as a home design guru on television, and has fashioned a piece of her image to that highly-lucrative market, since women control most of those dollars. And those dollars turn into high-margin purchases for retailers such as Kohl's (NYSE:KSS), which has just signed a deal to use Saralegui's name on a home goods line for itself.

Kohl's will be launching the Casa Cristina collection in December, starting with bedding and bath items that will be sold in many (but not all) stores and also at the Kohl's website. Kohl's reports that the line will include table linens by next spring, and will soon offer decorative pillows, rugs, and other items.

In a rather obvious statement, I think, Kohl's has said that the new line will be described in advertising as having Hispanic and Mediterranean influences. That's a popular design theme these days, and I applaud Kohl's for the foresight in making a move here.