Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Sears' 2Q Profit Drops 62%
Aug 29, 2008
 Printable format
 Email this Article
 Search

Retailer Sears said 2Q profit fell 62%. Yet it said that it expects that its sales and gross profit margins will continue to be pressured as it sees no near-term improvement in the economy.

The retailer earned US$65 million, or $0.50 per share, in the three-month period ended Aug. 2. That compares with $173 million, or $1.15 per share, in the year-ago period.

Revenue declined to $11.76 billion from $12.26 billion in the year-ago period. Same-store sales dropped 6.2% in the U.S. Same-store sales fell across most categories at both Kmart and Seers' U.S. stores, but continued to be offset by gains in sales of consumer electronics, the company said.

Back to Daily News

 

Daily News

...........................................................

Dec 22, 2014: Whirlpool headquarters improvements start a new phase

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 22, 2014: Variable-speed circulation pump enables new Miele lab washers

Dec 22, 2014: The latest retail data breach: Staples

Dec 22, 2014: Consumer Spending Index is at its highest point of the year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows