Canadian home improvement retailer Rona Inc. reported a decline in same-store sales for the third quarter due “relatively unfavorable market conditions during the quarter,” according to the company. The retailer reported revenues from continuing operations of about $1.17 billion in the …
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True Value Reports Growth in Third Quarter
True Value reported revenue of $346.5 million, an increase of 2.0 percent or $6.9 million from $339.6 million a year ago. The company attributes the growth to its growing Destination True Value (DTV) retail footprint and increased wholesale sales; the …
Read More »Lumber Liquidators Sales Up in Third Quarter
Lumber Liquidators reported net sales increased $50 million, or 24.5 percent, to $254.3 million in the third quarter of 2013 from $204.3 million in the third quarter of 2012. Comparable-store net sales increased 17.4 percent for the quarter, driven by a 9.8 percent increase in …
Read More »To Invest or Not to Invest? Questions Every Retailer Should Be Asking
Assuming you run a profitable operation, making a capital investment in your business should be one of the best financial moves you can make. Sometimes you spend out of necessity; for example, the roof needs a major repair or the furnace …
Read More »Feds Raid Lumber Liquidators Headquarters
Federal investigators raided the offices of Lumber Liquidators on Thursday and sealed search warrants were executed at the company’s corporate offices in Toano and Richmond, Va., by the Department of Homeland Security’s Immigration and Customs Enforcement and the U.S. Fish …
Read More »Lowe’s Comp-Store Sales Up 9.6% in Second Quarter
Increased demand for home improvement products led Lowe’s to a jump in comparable-store sales in the second quarter, the company reported. Its comparable-store sales for the quarter increased 9.6 percent; over the past six months, comparable-store sales grew by 4.6 …
Read More »Home Depot’s Same-Store Sales Jump in Second Quarter
The recovering housing market coupled with rebounding sales in seasonal categories contributed to Home Depot’s U.S. comparable-store sales increasing by a double-digit percentage in the second quarter, the company said. Comparable-store sales for the second quarter of fiscal 2013 were …
Read More »Rona’s Comp-Store Sales Down in Second Quarter
Canadian home-improvement retailer Rona Inc. reported a drop in same-store sales for the second quarter due to “relatively difficult market conditions” and several store closures, according to the company. The retailer’s same-store sales were down 1.0 percent, due to a …
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