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 Appliance Sales Help Achieve Quarterly Increase
May 20, 2010
 Printable format
 Email this Article
 Search

It has been several years since Sears stores had a quarterly increase in comparable store sales, but the retail chain pulled it off in the first quarter of 2010 in part through its partnerships with state agencies to sell energy-efficient appliances.

The retailer showed increases in comparable store sales of 1.7% at Kmart stores and 1.2% at Sears domestic U.S. stores.

"Sears, however, also experienced lower margin rates during the quarter," said W. Bruce Johnson, Sears Holdings' interim CEO and president.

Kmart stores, however, achieved margin rate improvement in the quarter on top of an increase in sales and nearly doubling its adjusted EBITDA.

Sears Holdings first quarter net income was $16 million, or $0.14 per diluted share, in 2010, compared to $26 million, or $0.21 per diluted share, in 2009. Total revenues for the quarter of $10 billion in 2010 were flat with the first quarter in 2009.

Back to Daily News

 

Daily News

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

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

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

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

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
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