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State of US Same-Store Sales - May 2009 Data Update and Full-Year Outlook
RetailerDaily has compiled comparable store sale data from the SEC filings of 24 major US retailers spanning several years, up to the most recently released March numbers. The data excludes fuel sales (which would have distorted numbers because of high gas inflation, then deflation, in 2008) and is available in Excel format from the link below:
Department Store Sears reported an 11.7%...Continue Reading »
Home Depot Sees Better Days Ahead
Home improvement retailer The Home Depot predicts a correction in the home improvement market will bring a 10% operating margin and 15% return on invested capital this fiscal year. The Home Depot discussed financial expectations, strategic priorities and long-term operating targets during its 2009 investor and analyst conference yesterday. Selected highlights follow.
Financial ExpectationsThe...
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U.S. Home Improvement Retail Market Appears Soft
Recent Q1 2009 financial reports from leading U.S. home improvement retailers The Home Depot, Inc. and Lowe’s Co. indicate that the U.S. home improvement vertical continues a trend of soft performance begun in fiscal 2008. Selected analysis follows.
The Home Depot
During fiscal Q1 2009, The Home Depot reported a net earnings decline of 15.7%, from $697 million to $587 million. This...
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