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12:02 a.m. March 16, 2021 - MarketWatch
ScS swings to profit on record high businessScS Group PLC said Tuesday that it has experienced record high performance in the first half of fiscal 2021, with a swing to pretax profit on higher revenue. The flooring-and-furniture retailer made a pretax profit of 14.2 million pounds ($19.7 million) in the six months ended Jan. 25, compared with a loss of GBP600,000 in the year-earlier period.
4:57 a.m. Dec. 28, 2020 - MarketWatch
U.S. holiday sales rose 2.4% as online sales jumpHoliday sales grew, but not by much. During a remade shopping season, many Americans ditched stores for digital outlets. And pandemic buying trends that favored household goods and food over apparel continued, according to early sales data from firms that track shopper spending. U.S. retail sales rose 2.4% between Nov.
1:02 a.m. Dec. 24, 2020 - By Hal M. Bundrick
The best Black Friday deals to look for at Lowe’s in 2020 Discounts on tools, appliances, holiday decor and other home productsLowe’s is discounting many of the products DIYers crave: tools, smart home products and flooring.
1:04 p.m. Dec. 14, 2020 - By Claudia Assis
La-Z-Boy to resume share buyback programLa-Z-Boy Inc. said late Monday it will resume its share buyback program, put on ice in March as part of the furniture maker and retailer's plan to withstand COVID-19-related shutdowns and other impact. The company said it plans to resume the share repurchases under its previous share repurchase authorization, of which 4.5 million shares remain available for repurchase. Shares of La-Z-Boy rose 0.7% in the after-hours trading Monday after ending the regular trading day 0.9% higher. In the year, La-Z-Boy shares have gained 24%, compared with 13% gains for the S&P 500 index.
1:01 a.m. Nov. 23, 2020 - By Courtney Jespersen
What to buy and what to skip this Black Friday Your guide to getting bargains Nov. 27Though Black Friday still exists in 2020, it won’t be the same experience. Here’s a guide to getting the best bargains Nov. 27.
7:05 a.m. Nov. 19, 2020 - By Hal M. Bundrick
Lowe’s Black Friday: Store hours and the best deals for 2020 How to save money at the home improvement store this yearLowe’s is discounting many of the products DIYers crave: tools, smart home products and flooring.
10:48 a.m. Nov. 6, 2020 - By Tomi Kilgore
Haverty Furniture to pay special dividend of $2 a shareHaverty Furniture Companies Inc. said Friday it will pay a special cash dividend of $2.00 a share. The stock was down 1.9% in afternoon trading, but was down 2.9% prior to a trading halt for news. The home furnishings retailer said the special dividend, as well as the regular quarterly dividend of 20 cents a share, will be payable on Dec. 9 to shareholders of business on Nov. 23. "Our board of directors authorized several steps taken earlier this year to ensure our liquidity due to the uncertainty facing the economy. Our operating results since reopening our stores in May have been very good," said Chief Executive Clarence Smith. "The board's decision today to pay a special dividend, provides returns to Haverty's stockholders, maintains a safeguard against potential headwinds, and preserves capital for potential opportunities." Based on current stock prices, the stock's regular dividend yield is 3.11%, compared with the implied yield for the SPDR S&P Retail ETF of 1.14% and the implied yield for the S&P 500 of 1.63%. Haverty's stock has rallied 27.6% year to date, while the S&P 500 has gained 8.5%.
10:15 p.m. Sept. 23, 2020 - MarketWatch
DFS Furniture swings to loss over COVID-19DFS Furniture PLC reported Thursday a swing to pretax loss for fiscal 2020 as the coronavirus pandemic hurt revenue in the second half, but it said that trading has much improved since the lockdown. The furniture retailer posted a pretax loss of 81.2 million pounds ($103.3 million) for the year ended June 28 compared with a profit of GBP22.4 million in fiscal 2019.
2:57 a.m. Sept. 3, 2020 - By Ciara Linnane
Conn's shares soar 17% premarket after retailer posts surprise profitConn's Inc. shares soared 17% in premarket trade Thursday, after the furniture and home appliances retailer posted a surprise profit for its fiscal second quarter. The company said it had net income of $20.5 million, or 70 cents a share, in the quarter to July 31, up from $20.0 million, or 62 cents a share, in the year-earlier period. Adjusted per-share earnings came to 75 cents, well ahead of the FactSet consensus for a loss of 4 cents a share. Revenue fell to $366.9 million from $401.1 million, below the FactSet consensus of $378.9 million. E-commerce sales rose 72% from a year ago, as shoppers moved online during the pandemic. Same-store sales fell 13.2%, mostly due to changes in underwriting in the company's credit department, and supply chain disruptions caused by the pandemic. Shares have gained 11% in the year to date, while the S&P 500 has gained 11%.
10:10 a.m. Aug. 19, 2020 - By Pierre Briançon
Four reasons why the U.K. inflation jump won’t start a trendInflation jumped to an annual 1% in July, defying analysts’ expectations. Consumers are back in shops, and they are spending the money they were forced to save during the coronavirus restrictions. But this will not be the start of a trend.
5:25 a.m. Aug. 19, 2020 - By Tomi Kilgore
Transactions of $1,000 or more rose 16% at Home Depot during the second quarter Analysts consider how long Home Depot’s stellar business performance will lastHome Depot reported second-quarter sales and profit that beat expectations as consumers spend more time at home during the coronavirus pandemic.
8:18 a.m. Aug. 18, 2020 - By Tonya Garcia
Wayfair is on S&P’s ‘most vulnerable’ list despite soaring stock, new customer numbers Blue Apron and J.Jill are also on the S&P Global Market Intelligence listWayfair shares have soared more than tripled for the year to date, but S&P Global Market Intelligence has the online home retailer on its “most vulnerable” list.
7:47 a.m. Aug. 14, 2020 - By Tomi Kilgore
Here are all the Stein Mart stores having liquidation sales All 279 of Stein Mart’s U.S. stores across 30 states are closing in wake of bankruptcy filing, and they selling merchandise and fixtures at ‘deeply discounted’ prices A day after Stein Mart filed for bankruptcy, saying it expects to close “a significant portion, if not all” of its stores, it was announced that all 279 U.S. stores across 30 states were closing through “Going-Out-of-Business” sales.
3:05 a.m. Aug. 7, 2020 - By Tonya Garcia
Wayfair served almost 5 million new customers in the second quarter but analysts question whether they’ll return Wayfair stock has more than tripled in 2020Wayfair says millions of new customers, as well as a million lapsed customers, shopped the home goods site during the most recent quarter.
6:47 p.m. July 16, 2020 - Associated Press
Here’s what’s behind the crackpot — and baseless — Wayfair child-trafficking conspiracy theory Online retailer caught in bizarre online feedback loopThe baseless conspiracy theory took off after an anonymous user posed a bizarre question in an internet chatroom: What if retail giant Wayfair is using pricey storage cabinets to traffic children?
9:38 a.m. July 13, 2020 - By Elisabeth Buchwald
‘We’re saving every penny we can’: What life will look like for this 66-year-old man when his extra $600 unemployment ends The extra $600 week provided under the CARES Act has been ‘a godsend’ to Ray Maslyk, who has been out of work for almost two monthsThe extra $600 week provided under the CARES Act has been ‘a godsend’ to Ray Maslyk, who has been out of work for almost two months.
4:46 a.m. July 11, 2020 - By Tonya Garcia
Bed Bath & Beyond stock sinks more than 24% after earnings miss but analysts see opportunity Bed Bath & Beyond plans to close 200 storesBed Bath & Beyond is showing growth potential despite a weak earnings report, according to analysts.
4:45 a.m. June 24, 2020 - By Barbara Kollmeyer
A surge in U.K. retail stocks has gone ‘too far, too fast,’ warns Citigroup Investors are underestimating downside risks from COVID-19, and the run enjoyed by the retail sector lately is probably not going to last, said analysts at Citigroup, in a note to clients on Wednesday.
10:16 p.m. June 23, 2020 - MarketWatch
Ahold Delhaize names new chairmanKoninklijke Ahold Delhaize NV said Wednesday that it has appointed Peter Agnefjall as its new chairman effective Jan. 1, 2021, following Jan Hommen. Mr. Hommen is scheduled to retire on Dec. 31 this year. The Netherlands-based owner of grocery chains such as Stop & Shop and Giant Food said Mr. Agnefjall is also taking upon the role of vice chairman with immediate effect to ensure a smooth transition.
12:29 p.m. June 16, 2020 - By Elisabeth Buchwald
The extra $600 Americans receive in weekly unemployment benefits ends in July — how that could cost the U.S. more jobs For every dollar spent on unemployment insurance, there’s a multiplier effect leading to a 1.64 increase in GDP, research showsFor every dollar spent on unemployment insurance, there’s a multiplier effect leading to a 1.64 increase in GDP, research shows.
6:48 a.m. June 16, 2020 - By Rex Nutting
Clothing stores, not bars and restaurants, took the biggest sales hit from the coronavirus Sales over the past three months are down by two-thirds at stores that specialize in clothesSales over the past three months are down by two-thirds at stores that specialize in clothes.
2:45 a.m. June 15, 2020 - By Ciara Linnane
Azek IPO: 5 things to know about the maker of decking, patio and other outdoor products Azek is loss-making and highly leveraged, with $1.2 billion of debt, as it seeks to go public during a pandemicAzek Co shares soared more than 22% in their trading debut Friday, as the U.S. IPO market continues to look resilient during the pandemic.
5:17 a.m. June 9, 2020 - By Tonya Garcia
RH is planning to open hotels and sell houses, but analysts ask whether it can pull it off The home retailer is also launching international locations in Paris and London, and offers a chartered yachtRH has a strategy to expand its lifestyle brand beyond home furnishing stores and into travel and even real estate.
3:25 a.m. June 1, 2020 - By Tonya Garcia
Parents flocked to Pottery Barn Kids and Teen during the lockdowns, driving Williams-Sonoma results Williams-Sonoma stock soars more than 14% in Friday trading after resultsWilliams-Sonoma credited its e-commerce capabilities and its Pottery Barn Kids and Teen business for better-than-expected results.
2:43 p.m. May 28, 2020 - By Liz Lucking 
NYC’s Phase 1 reopening could send up to 400,000 employees back to work After months in lockdown, how the city will start returning to life is taking shape as mayor outlines plan for June restartConstruction, manufacturing, wholesale and restricted retail have been given the greenlight to reopen in the first phase.
5:22 a.m. May 21, 2020 - By Tonya Garcia
Lowe’s benefited from delayed DIY projects done during coronavirus lockdowns, while Home Depot saw professional jobs put on hold Lowe’s beat profit expectations while Home Depot fell shortLowe’s reported earnings and sales that beat expectations. Home Depot sales beat expectations, but profit fell short.
12:33 p.m. May 20, 2020 - By Emily Bary
Alibaba sees growth of its business-to-business platform accelerate amid COVID-19 Transactions on Alibaba.com involving U.S. businesses grew more than 100% in April from a year earlierThe COVID-19 crisis is prompting more businesses to buy and source products online as the pandemic casts a cloud over the trade-show landscape, according to Alibaba Group Holding Ltd.
5:17 a.m. May 15, 2020 - By Jeffry Bartash
Retail sales crater a record 16.4% in April amid coronavirus lockdowns and spending slump Plunging retail sales reflect economy falling into deep recessionSales at U.S. retailers sank a record 16.4% in April after coronavirus lockdowns shuttered much of the economy, cost millions of jobs and triggered an unprecedented slump in consumer spending.
8:57 a.m. May 7, 2020 - By Tonya Garcia
Wayfair stock is soaring, but analyst says growth will ‘hit a wall’ Wayfair shares, which were up 9% on Wednesday, have skyrocketed 131% over the past monthWayfair shares have jumped but GlobalData Retail says the numbers show that growth will decelerate.
12:18 p.m. May 4, 2020 - By Tonya Garcia
Gap to expand to furniture, baby care and other categories through IMG licensing dealGap Inc. said Monday that it has entered into a licensing deal with IMG that will expand the company's merchandise into a number of new categories, including baby care, furniture and textiles. IMG will first focus on the namesake brand, Banana Republic and Jack and Janie, a Gap children's brand. The deal will also include GapKids and BabyGap. Gap stock has sunk 69.4% over the past year while the S&P 500 index is down 3.5% for the period.
2:25 p.m. April 30, 2020 - By Beckie Strum
New York jobless claims soar past 1.6 million The nation’s COVID-19 epicenter has seen the third-highest number of unemployment claims since the crisis beganThe hardest hit jobs have been in the retail and hospitality sectors, but also some areas of health care.
12:08 p.m. April 27, 2020 - By Tomi Kilgore
Coronavirus update: Optimism over phased reopenings only slightly tempered by continued concerns over inadequate testing for COVID-19 virus Worldwide cases tops 3 million; General Motors suspends its dividend and stock repurchases, Regis’ stock sees a boost as some states allow beauty salons to reopenThe growing optimism over the phased reopening of businesses in some states and other countries, as evidenced by the rallies in the U.S. and some international stock markets on Monday, has been only slightly tempered by continued concerns over the lack of adequate testing for the COVID-19 virus.
9:32 a.m. April 27, 2020 - By Tomi Kilgore
Haverty Furniture to reopen all stores by mid-May, but will reduce workforce by 34%Haverty Furniture Companies Inc. said Monday that while it expects to reopen all of its stores by mid-May, it was reducing its workforce by 34%, given the "dramatic shock" from the coronavirus pandemic and the uncertainty over the ongoing impact. The home furnishings retailer, with stores in 16 states in the Southern and Midwestern regions, said it was reducing its workforce of 3,495 by about 1,200. The stock rallied 5.3% in afternoon trading. The company said it was extending the furlough of about 730 employees for another 30 days. On April 1, the company said it was extending its core closures for another 30 days, from the original expectation of April 2, and furloughed 3,033 employees, or 87% of its workforce. Haverty expects to reopen 108, or 90% of its 120 stores, on May 1, and the remaining stores by mid-May. The stock has dropped 35.8% over the past three months, while the S&P 500 has lost 11.5%.
3:44 a.m. April 17, 2020 - By Tonya Garcia
Bed Bath & Beyond bread-maker sales rise 400% and vacuum sales double amid COVID-19 stay-at-home orders The stock finished Thursday up 18%Bed Bath & Beyond says it has made adjustments to its e-commerce channel to fill e-commerce orders during the outbreak.
8:12 a.m. April 14, 2020 - By Jeff Reeves
Pocket gains in these 5 stocks that have surged lately — then flee Talk about false hopesTalk about false hopes.
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