January 5, 2000 |
Sears, Roebuck & Co. said Tuesday that its fourth-quarter profit will beat forecasts by about 20%, a sign that Chairman Arthur Martinez's strategy to revive the second-biggest U.S. retailer may work. Shares in Sears rose $1.50 to close at $31.56 on the New York Stock Exchange. Martinez last year cut prices on basic clothing such as T-shirts, brought in new managers, and dumped the old "Softer Side of Sears" campaign to try to pull sales out of a two-year slump.
CALIFORNIA | LOCAL
January 2, 1996
Regarding "Poor Holiday Season Reported by Retailers," Dec. 27: The result of corporate cutbacks has finally caused consumers to cut back. Did all the corporations think that "increasing productivity" would never hurt them? The "shaky economy" is directly attributed to the firing of hundreds of thousands of workers and white-collar professionals. In addition, lack of salary increases and reliance on a bonus system keeps real wages below inflation. So, now we are downsizing our spending habits.
July 8, 2011 |
Retailers beat June gloom last month, delivering surprisingly strong sales results thanks to lower gas prices, widespread discounting and warm weather, which led many shoppers to hit the stores for summer clothing. With the important back-to-school season next on the retail calendar, consumers gave merchants the kind of month they had been hoping for after a good but not great first half of the year. Combined with better-than-expected labor market data Thursday, the retail report led to a stock market rally and helped lift optimism a day before U.S. employment figures were released.
July 10, 1998 |
Americans continued their shopping spree in June, the sixth straight month of sales gains for many of the nation's retailers, company reports showed Thursday, thanks to healthy economic times and a surging stock market. Most merchants fared well in June, especially discount and some clothing stores, but there were exceptions. Several big chains, including Sears, Roebuck & Co., Kmart Corp. and J.C. Penney Co.
August 13, 1985 |
Gains in building materials and general merchandise pushed retail sales to a modest 0.4% increase in July after two months of decline, the Commerce Department said today. The increase to total sales of $113.7 billion last month was the first rise since an increase of 3.1% in April and followed declines of 1.4% in June and 0.4% in May.
October 10, 1985 |
The nation's major retailers today posted disappointing sales for September compared to the same month a year ago, when sales were heavy because of markdowns. Sears, Roebuck & Co., the largest of the companies, said sales for the five weeks ending Oct. 5 edged up 0.3%. K mart Corp., ranked second, said its sales rose 2.7%, in part reflecting an increase in the number of stores in its chain. No. 3 J.C. Penney Co. said its sales dipped 0.5%.