Advertisement
YOU ARE HERE: LAT HomeCollectionsSame Store Sales
IN THE NEWS

Same Store Sales

FEATURED ARTICLES
BUSINESS
January 12, 2008 | From Times Staff and Wire Reports
Best Buy Co., the largest U.S. consumer-electronics chain, said December sales growth at stores open at least 14 months grew at the slowest pace in five years, sending the shares down the most since June. So-called same-store sales rose 1.5%, the smallest increase since the 0.4% gain in December 2002. In the year-earlier period, sales climbed 7%. December sales results from electronics retailers are an indicator of how they fared in the fourth quarter, when most of their annual profits are earned.
ARTICLES BY DATE
BUSINESS
March 23, 2014 | By Ronald D. White
Any parent with teenagers can tell you how tough it is to keep abreast of their fashion whims. Even more difficult: doing it for a living and making a profit at it. Tilly's Inc. of Irvine is a specialty retailer that targets teens and young adults with action sports clothing, shoes and accessories. Tilly's says on its website that it "offers one of the largest assortments of brands and merchandise from the top players in the surf, skate, motocross and lifestyle apparel industries.
Advertisement
BUSINESS
March 11, 2008 | From the Associated Press
Consumer spending and confidence may be waning, but people still need that jolt of morning caffeine to wash down an egg sandwich. McDonald's Corp.'s big push on coffee and new breakfast items in its U.S. restaurants contributed to a double-digit jump last month in sales at stores open at least 13 months, accompanying even stronger growth in Europe, the company said Monday. The world's biggest fast-food chain reported that so-called same-store sales climbed 11.7% over a year earlier -- evidence that the economic slowdown hasn't dealt it the blow that some investors had earlier feared.
BUSINESS
March 6, 2014 | By Tiffany Hsu
Office supply giant Staples Inc. is planning to close as many as 225 North American stores while slashing annualized costs by up to $500 million by the end of 2015. The Framingham, Mass., company, which has been pressured by online competitors such as Amazon.com and is threatened by the merging of Office Depot and Office Max, also said Thursday that sales for the fourth quarter ended Feb. 1 slumped 10.6% to $5.9 billion. The retailer projected that its first-quarter sales would also slide year over year, marking the fifth straight drop for the measure.
BUSINESS
March 6, 2014 | By Tiffany Hsu
Weather in February was once again a roadblock for retailers, who said sales figures for the month missed already modest expectations. One gauge from Thomson Reuters found that same-store sales rose 1.8% last month, falling short of a projected 2.8% rise at stores open a year or longer. Without the effect of drugstores, retailers turned in a 0.3% sales increase, the worst showing since a 2.4% decrease in August 2009. Analysts had expected a 1.9% boost. Some segments, however, showed surprising health, or at least the promise of it. The clothing sector, not including Gap, beat estimates by swelling 1.3%.
BUSINESS
May 19, 2010 | By Andrea Chang, Los Angeles Times
Wal-Mart Stores Inc.'s first-quarter profit rose more than expected, but an important measure of U.S. sales fell again and the discount giant issued a muted outlook for the second quarter. "A number of economic pressures, including gas prices and ongoing concerns about unemployment, continue to affect key segments of retail," Chief Executive Mike Duke said in an earnings call. "And this is especially true for Wal-Mart's core customer." For the three months ended April 30, profit at the world's largest retailer totaled $3.32 billion, or 88 cents a share, a 10% increase from $3.02 billion, or 77 cents, in the year-earlier quarter.
BUSINESS
May 25, 2013 | By Tiffany Hsu, Los Angeles Times
In a dour end to Abercrombie & Fitch Co.'s difficult week, the teen retailer watched its stock slide by the largest margin in months after it reported a double-digit sales decline. The company's same-store sales in the U.S. plunged 17% in the first quarter, while its revenue sank 8.9% to $838.8 million. And although it narrowed its loss to $7.2 million, or 9 cents a share - from $21.3 million, or 25 cents, a year earlier - it still blew past Wall Street's expectation of a 5-cent loss per share.
BUSINESS
October 11, 2013 | By Tiffany Hsu
Retail sales during the prime back-to-school shopping month of September grew but were still muffled by heavy head winds that could affect holiday spending. The gauge of same-store sales, which calculates sales at stores open for more than a year, rose "a modest" 4% compared with September 2012, according to Retail Metrics Inc. But Ken Perkins, president of the research firm, had projected a 4.1% upswing. Without the strong performance of drugstores - Walgreens' sales soared 7.4% last month - the retail sales measure increased 2.8%.
BUSINESS
June 7, 2013 | By Tiffany Hsu, Los Angeles Times
Consumers emerged in May to give retailers their best month since January, lured by warmer weather and the confidence lift from the surging stock market and rising housing prices. Same-store sales increased 4.8% from a year earlier, beating expectations for a 3.7% boost, according to Thomson Reuters. The gauge outperformed April's 2.2% upswing as well as the 0.5% increase in May 2012. Stripping out the effects of drugstores, last month's measure was up 5.6%. The data include revenue only from locations that have been open at least a year.
BUSINESS
March 23, 2014 | By Ronald D. White
Any parent with teenagers can tell you how tough it is to keep abreast of their fashion whims. Even more difficult: doing it for a living and making a profit at it. Tilly's Inc. of Irvine is a specialty retailer that targets teens and young adults with action sports clothing, shoes and accessories. Tilly's says on its website that it "offers one of the largest assortments of brands and merchandise from the top players in the surf, skate, motocross and lifestyle apparel industries.
BUSINESS
March 6, 2014 | By Tiffany Hsu
Weather in February was once again a roadblock for retailers, who said sales figures for the month missed already modest expectations. One gauge from Thomson Reuters found that same-store sales rose 1.8% last month, falling short of a projected 2.8% rise at stores open a year or longer. Without the effect of drugstores, retailers turned in a 0.3% sales increase, the worst showing since a 2.4% decrease in August 2009. Analysts had expected a 1.9% boost. Some segments, however, showed surprising health, or at least the promise of it. The clothing sector, not including Gap, beat estimates by swelling 1.3%.
BUSINESS
February 20, 2014 | By Tiffany Hsu
If Wal-Mart Stores Inc.'s fiscal fourth-quarter earnings were any indication, the economy could use some shaping up. The Bentonville, Ark., giant, the largest retailer in the world, said its profit for the three-month period ended Jan. 31, plunged 21% to $4.4 billion, or $1.36 a share, from $5.6 billion, or $1.67 a share, during the same period a year earlier. The company's earnings missed Wall Street's expectations of $1.59 a share. The chain's $128.8 billion in net sales, a 1.4% increase, also failed to hit forecasts of $129.9 billion.
BUSINESS
February 4, 2014 | By Tiffany Hsu
J.C. Penney Co., the retailer attempting a return to glory using deep discounts and Super Bowl tweets typed with mittens, said its holiday sales grew last year for the first time since 2011. The Plano, Texas, company said sales at stores open at least a year were up 3.1% during the all-important nine weeks of the holiday season, compared with the same period in 2012. For the full fiscal fourth quarter, which ended on Feb. 1, so-called same store sales were up 2%. The chain suffered a 32% plunge in same-store sales during the same quarter a year earlier.
BUSINESS
January 8, 2014 | By Tiffany Hsu
In the same breath as it announced a “successful” holiday season, Macy's Inc. said it would lay off some 2,500 employees as it attempts to achieve $100 million in savings a year. In addition to the workers losing their jobs, some associates will be reassigned or transferred, the retailer said. Not all open positions will be filled. Among the positions targeted: district merchandise planners for Macy's soft home categories, whose responsibilities will be handed off to regional and national organizers.
BUSINESS
December 30, 2013 | By Tiffany Hsu
The latest entry in the fast-food value menu competition comes from Burger King, with the launch of its King Deals on Monday. The offerings include more than 20 items that are priced starting at $1. The list includes the new Rodeo Crispy Chicken sandwich and the Rodeo Burger -- both a dollar each -- as well as chicken nuggets, a double cheeseburger and a crispy chicken wrap. If that sounds mighty familiar to the value menu at another quick-service giant, consider that McDonald's updated its Dollar Menu just this fall.
BUSINESS
December 19, 2013 | By Tiffany Hsu
Darden Restaurants Inc. said it would separate itself from its Red Lobster business while halting expansion at Olive Garden and stopping acquisitions “for the foreseeable future.” Orlando, Fla.-based Darden has struggled recently along with the rest of the casual dining sector as price-conscious consumers moved into the cheaper fast-casual tier that includes chains such as Smashburger and Panera. Darden said the Red Lobster move may take the form of a tax-free spinoff to shareholders or an outright sale.
BUSINESS
May 22, 2008 | From Times Wire Reports
Teen specialty retailer Hot Topic Inc. said its first-quarter loss widened on a drop in same-store sales. For the quarter ended May 3, Hot Topic posted a loss of $1.4 million, or 3 cents a share, compared with a loss of $809,000, or 2 cents, a year earlier. Sales rose 1.1% to $159 million. The recent quarter's results included a penny a share in expenses related to the company's online music initiative. Analysts polled by Thomson Financial expected a loss of 4 cents a share on $159.
BUSINESS
July 25, 2008 | From Times Wire Reports
Casual-dining chain Cheesecake Factory Inc. said its second-quarter profit dropped 19%, hurt by a steep climb in expenses, a drop in interest income and declining same-store sales. Net income slipped to $19.1 million, or 29 cents a share, from $23.7 million, or 33 cents, a year earlier. Sales jumped 9% to $407.1 million. The revenue increase came mainly from new stores. Same-store sales, or sales at locations open at least a year, dropped 4.1% in the quarter, the Calabasas Hills company said.
BUSINESS
December 12, 2013 | By Tiffany Hsu
Lululemon Athletica Inc., the upscale yogawear purveyor that has recently courted controversy, reported third-quarter earnings that by all accounts exceeded Wall Street's expectations. It was the company's forecast for its future that has analysts concerned. The Vancouver, Canada, retailer, which earlier this week announced a new incoming chief executive and a replacement chairman, said its same-store sales in the fourth quarter would be flat, down from more optimistic earlier predictions.
BUSINESS
December 5, 2013 | By Tiffany Hsu
Retailers pulled no punches in November, slashing prices, opening during the Thanksgiving holiday, blitzing online shoppers with deals well before Black Friday and offering perks such as price-matching and free shipping. But all their efforts couldn't keep same-store sales for the month from missing expectations for a 3% year-over-year increase. Instead, the industry posted an anemic 1.9% increase, data firm Retail Metrics reported, calling the disappointing figures “early lumps of coal in retailers' stockings.” The numbers exclude the Gap and Zumiez chains, which are reporting their November after the stock market closes.
Los Angeles Times Articles
|