November 18, 1998 |
Home Depot Inc., Dayton Hudson Corp. and other retailers reported strong profit gains for the third quarter as the economy boosted sales of everything from paint and other household goods to casual clothes. Home Depot, the biggest U.S. retailer of home improvement supplies, said its net income increased 31% to $392 million, or 20 cents a share, a penny higher than expected. Revenue surged 24% to $7.7 billion as strong housing sales fueled demand for its home and building supplies.
January 10, 2009 |
Specialty retailer Cost Plus Inc. said Friday that it was closing 26 stores and exiting eight regional markets in response to the current economic downturn. "We were disappointed with our holiday sales results and larger-than-anticipated markdowns resulting from the tough economic climate and exceptionally poor weather conditions in certain geographic areas," said Barry Feld, chief executive of Cost Plus.
February 18, 1998
* Thomas Walters, president of Morton's Restaurant Group Inc.'s Morton's of Chicago steakhouse division, was named president and chief operating officer of Solana Beach-based Chart House Enterprises Inc. * Redwood Shores-based Network Computer Inc., jointly owned by Oracle Corp. and Netscape Communications Corp., said it named David Roux president and chief executive, replacing Jerry Baker, who resigned. * Oakland-based Cost Plus Inc. named President Murray H.