Tag Archives: financials

When Sears Holdings recently announced it has “substantial doubt” about its ability to continue its business, it confirmed the fact that the retailer has many more struggles to face. While Sears was once considered “America’s largest retailer,” its recent problems provide lessons for independent …

Sears Holdings Corp. has acknowledged “substantial doubt” in its ability to stay out of bankruptcy, which may kill recent sales of its businesses, such as Craftsman. The struggling retailer released its annual report on Tuesday, and the news was dismal. Based on information from …

True Value Company today released its year-end results for fiscal 2016, which included increases in gross billings, retail comp-store sales, net margin and more. The co-op reported total gross billings of $2,073.7 million for the fiscal year ending Dec. 31, up 2 percent. …

J.C. Penney will close 130 to 140 stores and two distribution centers and will offer early retirement packages to about 6,000 employees, USA Today reports. The store closures would account for 13 to 14 percent of the department store’s total …

Fourth-quarter earnings increased for Lowe’s, following the company’s announcement of additional layoffs at its corporate headquarters and two support facilities. On March 1, the big-box retailer reported net earnings of $663 million, up by $11 million during the fourth quarter of 2015. Sales for the fourth quarter increased to …

Lumber Liquidators this month reported a boost in net sales during the fourth quarter of 2016, but the full year’s financial performance reflected woes that began in 2015. In 2015, investigations into the chemical contents of the flooring discounter’s Chinese-made laminate started major …

The Home Depot and Ace Hardware Corp. released their fourth-quarter and year-end earnings reports this week, showing positive results for both. Ace Hardware Corp. reported financial growth in its fourth quarter and for fiscal 2016, which the co-op’s top executive called a “challenging year.” Read …

Ace Hardware Corp. reported financial growth in its fourth quarter and for fiscal 2016, which the co-op’s top executive called a “challenging year.” The cooperative saw fourth-quarter 2016 revenues of $1.2 billion, an increase of 5.8 percent from the fourth quarter of 2015. …