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

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

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

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

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