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

Appliance Growth Helps Boost Comps at Sears Hometown and Outlet Stores
Sep 3, 2013
 Printable format
 Email this Article
 Search

Sears Hometown and Outlet Stores reported that its second quarter operating income was down 54% to $15.4 million, from $33.7 million in the second quarter of the previous year.

Sears Hometown and Outlet Stores' fiscal second quarter ended August 3, 2013. Net income attributable to stockholders was down 57% to $9.1 million, compared to $21.1 million in the prior year.

Comparable store sales increased 1.4% from the prior year.

Year-to-date operating income was down 41% to $40.1 million, from $68.2 million in the previous year.

Year-to-date net income attributable to stockholders decreased 42% to $24.1 million, from $41.7 million in the previous year. Year-to-date comparable store sales were down 1.8% from the previous year.

"Second quarter net sales growth of 1.9% reflected comparable store growth of 1.4%, plus the benefit of new store openings," said CEO and President Bruce Johnson. "We saw increased sales in most categories, including double-digit growth in lawn and garden and growth in comparable store sales in home appliances."

The retailer increased its inventory of appliances and home HVAC equipment during its fiscal second quarter.

Back to Daily News

 

Daily News

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

Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

Apr 23, 2014: AO Smith Develops Ultra-Low NOx, Compact Commercial Water Heater for California

Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

Apr 23, 2014: Existing-Home Sales Show Slight March Decrease

Apr 23, 2014: CEA: Consumer Sentiment Down in April

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows