Retail Financial Roundup

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Staples Store Segment Sales Climb
Framingham, Mass. — Sales at Staples’ North American retail stores jumped 9 percent in the company’s fiscal second quarter, hitting $1.9 billion, up from a year-ago $1.7 billion. Comp-store sales rose 3 percent.

Home Depot Sales Rise 11.7%
Atlanta — Momentum in the major appliance business at The Home Depot continued into the retailer’s fiscal second quarter, helping to drive up overall net sales 11.7 percent during the period, to $22.3 billion from a year-ago nearly $20 billion. Comp-store sales rose 4 percent.

Wal-Mart Stores Sales Jump 10.4%

Bentonville, Ark. — Wal-Mart’s stores segment recorded a 10.4 percent increase in sales during the retailer’s fiscal second quarter, climbing to $51.8 billion in the three months, up from $46.9 billion in the year-ago period. Comp-store sales rose 3.6 percent.

Harvey Sales Off 10.2%, Comps Slide 11.6%

Lyndhurst, N.J. — Reduced retail store traffic resulting in lower video sales pushed down fiscal third-quarter sales at Harvey Electronics by 10.2 percent, coming in at $9 million, compared with about $10 million in the year-ago period. Comp-store sales for the quarter, ended July 30, dropped about $1.2 million, or 11.6 percent.

BJ’s Sales Rise

Natick, Mass. — Net sales at BJ’s Wholesale Club increased 7.7 percent in the retailer’s fiscal second quarter, coming in at nearly $2 billion, up from $1.8 billion in the same three months a year earlier. Conn's Quarterly Sales Soar
Beaumont, Texas —Conn’s recorded a 21 percent increase in revenue during its fiscal second quarter, climbing to $143.9 million, up from a year-ago $118.9 million. Same-store sales in the three months, ended July 31, jumped 12.1 percent.

"Our sales performance for the quarter was outstanding and is directly attributable to improvements in staffing levels, training and execution on the sales floor," said Tom Frank, chairman/CEO. "We will experience continued growth due to our constant focus on superior performance within the four cornerstones of our business model — credit, distribution, service and training," said Frank.

Conn’s, which retails a combination of major appliances, consumer electronics, computers and peripherals, lawn and garden products and mattresses, reported net sales of $282.8 million for the six months, a 19.1 percent increase over the $237.4 million that came in during the same period last year. Same-store sales for the six months rose 10 percent.


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