Financial Reporting
NRF: Late Black Friday darkens November salesWashington--Though shoppers came out in full force on Black Friday weekend, the National Retail Federation (NRF) says Thanksgiving's later date this year is one factor that contributed to a drop in retail sales in November. Read More Neiman Marcus November sales drop 11.9 percentDallas--Same-store sales at Neiman Marcus Inc. decreased 11.9 percent to $318 million for the four weeks ended Nov. 29, compared with $360 million for the same period last year, the company announced. Read More Saks November sales down 5.2 percentNew York--Same-store sales at Saks Inc. decreased 5.2 percent for the four weeks ended Nov. 29, compared with the 25.7 percent sales surge the company experienced for the same period last year. Read More
November retail sales see record fallU.S. chain store sales fell a record 2.7 percent in November, compared with the same period last year, according to the latest study from the International Council of Shopping Centers. Read More Macy's November sales down 13.3 percentCincinnati--Same-store sales at Macy's Inc. decreased 13.3 percent for the four weeks ended Nov. 29, compared with the same period last year, the company reported on Friday. Read More 
Tiffany's 3Q sales dropNew York--Weak U.S. sales led to a 1 percent drop in overall sales and a 7 percent drop in same-store sales for Tiffany and Co. for the third quarter, and the retailer says it is planning to cut expenses and staffing to reflect reduced consumer demand. Read More 
Zale comps slip nearly 4 percentIrving, Texas--Despite its efforts to offer new merchandise and update the look of its stores, Zale Corp. announced that its same-store sales declined 3.7 percent in the first quarter 2009 amid souring U.S. economic conditions. Read More NRF: Financial crisis freezes October spendingWashington--Retail industry sales for October (excluding automobiles, gas stations and restaurants), decreased 0.5 percent seasonally adjusted from September and increased 1.3 percent unadjusted over last year, according to the National Retail Federation (NRF). Read More Wal-Mart 3Q net sales up 7.5 percentBentonville, Ark.--Net sales at Wal-Mart Stores Inc. increased 7.5 percent to $97.63 billion for the third quarter ended Oct. 31, compared with $90.83 billion for the same period last year, the company announced on Thursday. Read More October sales nosedive at NeimansDallas--Same-store sales at Neiman Marcus plunged 26.8 percent to $281 million for the four weeks ended Nov. 1, compared with $383 million for the same period last year, the company has announced. Read More Signet 3Q sales down 6.6 percentSame-store sales at Signet Jewelers dropped 6.6 percent for the third quarter ended Nov. 1, and total sales decreased 7.3 percent on a reported basis to $629.4 million, compared with the same period last year. Read More Retail sales slide in OctoberNew York--U.S. chain store sales fell by 0.9 percent in October, compared with the same period last year, as uncertainty surrounding the financial markets caused consumers to put off discretionary spending, according to the latest study from the International Council of Shopping Centers (ICSC). Read More Macy's October sales down 6.3 percentCincinnati--Same-store sales at Macy's Inc. decreased 6.3 percent for the four weeks ended Nov. 1, and total sales were down 6.9 percent to $1.72 billion, compared with $1.85 billion for the same period last year, the company announced today. Read More Saks October sales drop 16.6 percentNew York--Same-store sales at Saks Inc. were down 16.6 percent for the four weeks ended Nov. 1, and owned sales decreased 18.6 percent to $219 million, compared with $269.1 million for the same period last year, the company announced today. Read More Blue Nile 3Q sales dip 2.9 percentSeattle--Net sales at jewelry e-tailer Blue Nile decreased 2.9 percent to $65.4 million for the third quarter ended Sept. 28, compared with $67.4 million for the same period last year, the company announced on Wednesday. Read More ICSC: U.S. chain store sales up slightly this holiday seasonSame-store retail sales at U.S. chain stores will likely increase 1.7 percent during the November-December holiday shopping period, according to the latest research from the International Council of Shopping Centers (ICSC). Read More NRF: September retail sales sluggishWashington--Retail industry sales for September (excluding automobiles, gas stations and restaurants) decreased 0.7 percent seasonally adjusted from August and increased 1.4 percent unadjusted over last year, according to the latest report from the National Retail Federation (NRF). Read More September sales see slight gainNew York--U.S. chain store sales increased 1 percent in September, compared with the same period last year, marking the slowest September since the 9/11 terrorist attacks spurred a cutback in consumer spending, according to the latest study by the International Council of Shopping Centers (ICSC). Read More Buoyed by handbags, LVMH shows sales growthParis--Despite the grim economic news, one luxury retailer showed strong sales gains in the first nine months of 2008, including 9 percent growth in jewelry revenue. Read More Macy's sees deeper drop in sales than forecastedCincinnati--Same-store sales at Macy's Inc. have decreased 5.8 percent for the third quarter to date (August and September sales combined), and 3.2 percent for the year to date, representing a weakening from sales earlier in the year, the company announced on Friday. Read More |
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