China’s Single’s Day Breaks World Record with $5.7 Billion in Sales
China’s largest shopping event, Single’s Day, topped nearly $6 billion in sales in just 24-hours, making it the largest single shopping day event in the world.
financials
Vitamin Shoppe Sees 17% Increase in Ecommerce Sales
Vitamin Shoppe has announced its preliminary results for the third quarter which ended on September 28. According to the results, total net sales this quarter increased by 14% and ecommerce sales increased by nearly 18% compared to 2012.
Barnes & Noble Sees Disappointing Digital Sales in Q1
Barnes & Noble reported a decrease in sales of 8.5% reaching $1.3 billion for its first quarter 2013, compared to last year, according to a press release.
Sears Reports $194 Million Loss 2nd Quarter
The Sears Holding Corporation, which operates Sears, Roebuck and Co., and Kmart, reported a 6% or $194 million loss in the second quarter. However, the online sales for both sears.com and kmart.com grew over 20%.
Dick’s Sporting Goods Says Cooler Temps Behind Sluggish Sales
Dick’s Sporting Goods reported a lower-than-expected second quarter, which the sports retailer said was due in large part to “higher levels of precipitation and cooler temperatures.” Dick’s, however, did report that net sales for the second quarter increased 6.6% to $1.5 billion.
Nordstrom’s Reports 37% Increase in Direct Sales for Q2
Nordstrom reported a 37% increase in direct sales during the second quarter, on top of last year’s increase of 40%, according to a press release.
Innotrac Reports 27% Increase in Net Service Revenue
Innotrac announced its financial results for the second quarter and is reporting a 27% increase in net service revenues.
OfficeMax Sales Drop 4.3% in Second Quarter
OfficeMax released it’s second quarter financials and according to the report the office supply retail saw a 4.3% decrease in sales.
Fifth & Pacific Sees 13.4% Net Sales Increase
Fifth & Pacific, which includes clothing and lifestyle brands such as Juicy Couture, Kate Spade, and Lucky Brand, released it’s second quarter financials which showed a net sale increase of $45 million.
Netsuite Sees 35% Increase in Second Quarter
NetSuite Inc. announced its second quarter financial results which show a 35% increase over the same period in the prior year. Cash flows from operations were $15.6 million in the second quarter of 2013, up from $15.2 million in the same period in the prior year.