A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Earnings roundup: Walmart, Kohl’s
Walmart Stores Inc. and off-price retailer Kohl’s Corp. released their third quarter earnings Thursday, with same-store sales down for both as the retail environment remains competitive.
New York--Walmart Stores Inc. and off-price retailer Kohl’s Corp. released their third quarter earnings Thursday, with same-store sales down for both as the retail environment remains competitive.
Details of both company’s financial statements are below.
Walmart
Walmart Stores Inc. reported a 0.3 percent decline in same-store sales (excluding fuel) in the U.S. in the third quarter. Total sales reached $67.69 billion, up 2 percent from $66.11 billion in the prior-year period.
At Sam’s Club, same-store sales (without fuel) were up 1 percent during the period while total sales also were up 1 percent to $14.08 billion.
Operating income for Walmart’s U.S. stores was up 6 percent to $5.12 billion, while operating income for Sam’s Club increased by more than 9 percent to $474 million.
“Our most important priority is growing top-line sales, including comp sales,” said Mike Duke, Walmart Stores Inc. president and CEO. “The retail environment, both in stores and online, remains competitive. Walmart has aggressive plans to help our customers enjoy the holiday season, and there is no doubt that we plan to win for our customers and shareholders throughout the holidays.”
Bill Simon, Walmart U.S. president and CEO, gave no reason for the company’s tepid performance this quarter, only noting that they are now focusing on the holidays.
“The team has developed our best holiday plan ever. We are committed to being the number one retail destination,” Simon said. “We’re making sure our shelves are well stocked with the most popular toys, and we’re guaranteeing low prices all season in the store through the Christmas Ad Match Program.”
For the 14-week period ending Jan. 31, 2014, Walmart expects U.S. same-store sales to be relatively flat.
Kohl’s Corp.
Same-store sales decreased by nearly 2 percent from the prior-year period for Kohl’s Corp. in the third quarter ended Nov. 2.
Total sales were also down for the retailer, decreasing by 1 percent year-over-year to $4.44 billion.
Net income declined nearly 18 percent, from $215 million in the third quarter 2012 to $177 million in the third quarter 2013.
Kohl’s ended the quarter with 1,158 stores in 49 states, compared to 1,146 stores at the same time last year. The company opened three new stores during the third quarter, and has remodeled a total of 30 stores in 2013.
“As we enter the holiday season, we believe we are well positioned from a merchandise content and
For the fourth quarter ending Feb. 1, 2014, Kohl’s estimates that same-store sales will be flat or decline by up to 2 percent, while total sales are expected to decline between 2 and 4 percent.
The Latest
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The selected nine organizations have outlined their plans for the funds.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
B&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.