San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
Mountain View, Calif. – Cellular sales at Google’s Motorola Mobile division continue to fall, and the cellular operation continues to lose money, Google’s fourth-quarter financial report shows.
Bedminster, N.J. — Verizon Wireless posted record retail postpaid net subscriber additions and record retail postpaid smartphones sales in the fourth quarter, driving up operating revenues by 9.5 percent compared with the year-ago period, to $20 billion.
The carrier posted 2.1 million retail postpaid net additions and activated 9.8 million smartphones, up from a year-ago 7.7 million smartphones but still below the more than the record 10 million smartphones activated by AT&T in the quarter.
Grapevine, Texas — Robust growth in its online business couldn’t offset declines in holiday traffic and hardware sales at GameStop.
The world’s largest specialty video game retailer said net sales fell 4.6 percent to $2.9 billion for the nine weeks, ended Dec. 29, 2012, while total comp-store sales decreased 4.4 percent and U.S. comps decline 3.5 percent.
Digital receipts increased more than 40 percent, mobile sales were $76.5 million, and global e-commerce sales increased 20.5 percent during the holiday period.
Hauppauge, N.Y.- Voxx International reported higher net sales and net income in its fiscal third quarter ended November 30.
Sales increased 17.5 percent, driven by the Hirschmann acquisition and increases in mobile OEM and in accessories.
Net income was $13.2 million, up $4.3 million year on year..
New York – CE retailers reported a mixed December, as a last-minute sales surge was unable to offset post-Thanksgiving sluggishness in the first three weeks of the month.
“Strong results late in the month did not completely offset softness in the first three weeks,” said Target chairman, president and CEO Gregg Steinhafel. Net December sales rose a scant 0.8 percent for the No. 2 discount chain, to $10.2 billion, and comparable store sales were essentially flat. Comp sales in hardlines, which includes home entertainment, declined by the mid-single digits.
Seattle — Amazon.com said 2012 was a record-breaking holiday season for its more than 2 million third-party sellers worldwide.
Unit growth from U.S. sellers alone increased 40 percent during the holiday period year over year, while annual third-party sales were in the tens of billions worldwide, the e-tailer said.
Amazon didn’t break out sales by product category, but noted that its third-party sellers sold enough smartphone and tablet screen protectors to cover the field of every NFL stadium four times over.
Hoffman Estates, Ill. – Sears Hometown and Outlet Stores, which was spun off from Sears Holdings in September, said third-quarter profits rose 29 percent on strength in majaps and online sales.
The chain, run by former Sears interim president/CEO Bruce Johnson, is comprised of 1,237 independent and franchised small-format stores that variously sell hardware, tools, majaps, lawn and garden equipment, CE, and refurbished and discontinued merchandise.
Minneapolis – Best Buy’s outgoing chief financial officer Jim Muehlbauer attributed the company’s 97 percent drop in third-quarter operating income to store closures and lower comp sales, but projected that the rate of decline would ease this period.
Minneapolis – Best Buy reported a $13 million loss from continuing operations for its fiscal third quarter.
That compares with net earnings from continuing operations of $173 million for the prior year’s fiscal third quarter.
Net sales slipped 3.5 percent to $10.8 billion for the three months, ended Nov. 3, and comp-store sales declined 4.3 percent.
Hoffman Estates, Ill. — Sears Holdings reported a deeper net loss and lower comp store sales for its Sears and Kmart operations in its fiscal third quarter, ended Oct. 27.
Net loss from continuing operations in the quarter was $498 million, compared with a $410 million loss in the prior year’s third quarter. Operating loss was $428 million in the third quarter, compared with the prior year’s $447 million.