Financial Results

Brookstone appoints Boire president, CEO

Carol Krol October 16, 2009

Brookstone announced October 16 it has appointed Ronald Boire president and CEO. Boire will also join Brookstone's board of directors. Boire previously served as president for North America and corporate EVP for Toys "R" Us.
 

Multichannel retailer Gander Mountain to transition to private ownership

Chantal Todé September 28, 2009

Multichannel outdoor apparel and gear merchant Gander Mountain announced September 28 that it plans to become a private company in order to improve its performance. Despite a recent push into multichannel retailing, Gander Mountain is struggling. For its fiscal second quarter ending August 1, the company reported a consolidated net loss of $7.3 million, more than the $4.9 million reported during the same period last year.
 

USPS rescue plan passes in House

Nathan Golia and Frank Washkuch September 28, 2009

The US House of Representatives passed legislation on September 25 that would allow the US Postal Service to cut the amount of money it is required to pay to its retirement account this year by $4 billion. The continuing resolution, which passed the House by a vote of 217 to 190, was awaiting action in the Senate as of press time.
 

Direct is bright spot in Neiman Marcus results

Chantal Todé September 09, 2009

The fiscal fourth-quarter and year-end revenue decreases reported by Neiman Marcus on September 9 reflect a difficult year for luxury merchants, as consumers closely watched their spending. The company's leader, however, cited its Internet business as a bright spot. For the fiscal fourth quarter that ended August 1, Neiman Marcus reported that year-over-year comparable revenues decreased 23.4%.
 

USPS aims to save $500M with worker retirement incentive

Cara Wood August 25, 2009

The US Postal Service released plans to offer select employees of two of its unions a financial incentive to retire or resign before the end of the fiscal year, September 30, 2009. The workers eligible, of which there are 30,000, primarily work in mail processing facilities, which have become more efficient with new mail processing machinery.
 

Chico's looks to prospecting with direct sales up 46%

Chantal Todé August 25, 2009

Multichannel apparel merchant Chico's FAS Inc. is looking to continue the momentum displayed in its second quarter financial results into the second half with a new TV campaign for the Chico's brand and increased catalog prospecting, among other strategies. The company said sales for the 13 weeks ended August 1 totaled $419.9 million compared with $405.2 million during the same period last year. Consolidated comparable store sales increased 1.3%, reversing a long trend of quarterly comparative-store decreases, and direct-to-consumer sales increased 46%.
 

HP reports 2% revenue decline in Q3

Chantal Todé August 19, 2009

HP reported net revenue declined 2% for its third fiscal quarter ended July 31 for a total of $27.5 billion. The company's net earnings totaled $1.6 billion for the quarter, down 19% year over year. Diluted earnings per share were 67 cents per share, down 16% from 80 cents per share last year. Printer unit shipments decreased 23%, with commercial printer hardware units down 42% and consumer printer hardware units down 16%.
 

JCPenney reports Q2 loss

Chantal Todé August 14, 2009

JCPenney Company Inc. reported sales for the second quarter ended August 1 decreased 7.9% for a total of $3.9 billion. Same-store sales decreased 9.5% during the same period. The company also reported a loss of $1 million for the quarter versus income of $117 million last year. Second quarter earnings broke even, compared to a gain of $0.52 per share last year.
 

USPS looks for legislative relief from retiree payments

Chantal Todé August 05, 2009

With expenses rising and mail volume continuing to decline, the US Postal Service ended the third quarter with a net loss of $2.4 billion. Revenue declined $1.6 billion during the same period. With the organization projecting a possible cash shortfall of up to $700 million and a net loss of $7 billion by the end of its fiscal year in September, Postmaster General John Potter is looking to Capitol Hill for some help.
 

PitneyBowes reports 13% drop in revenue

Cara Wood July 31, 2009

PitneyBowes Inc. reported a 13% drop in revenue in its second quarter financial statement released on July 30. The Stamford, CT-based mailing services company cited declining mail volumes, as well as longer purchase decision cycles among its consumers, as the causes for the loss in revenue.
 

Reed Business titles back on the block

Lauren Bell July 30, 2009

Following a disappointing first half and an enterprise-wide portfolio review, Reed Elsevier is putting portions of its Reed Business Information (RBI) unit back on the block. This time around, the company's US titles only are up for sale, barring a handful that will become part of RBI Global. Variety, which has a weekly circulation of 34,000, Reed Construction Data, RSMeans, MarketCast, LA411 and BuyerZone, will all be retained.
 

Cabela's revenue up 4.4% in Q2

Chantal Todé July 30, 2009

Cabela's Inc. reported revenue for the second quarter increased 4.4% for a total of $549.2 million. Comparable-store sales increased 6.1% during the same period and financial services revenue increased 15.4%. Direct revenue, however, decreased 3.6% for a total of $199.5 million. Net income for the second quarter totaled $9.1 million, or $0.14 per diluted share, compared to $7.3 million, or $0.11 per diluted share, in the second quarter of 2008.
 

UPS Q2 revenue dips nearly 17%

Cara Wood July 24, 2009

International shipping company UPS reported a 16.7% decline in revenue to $10.83 billion for its second quarter ending June 30, down from $13 billion in Q2 2008. Price reduction due to lower fuel charges, as well as the global recession, were cited as the root causes for the company's under performance.
 

Google cost per click declines

July 17, 2009

Google announced its second quarter 2009 earnings on July 16, with $5.52 billion in revenues, a 3% increase compared with the same period in 2008. However, its average cost per click, which includes clicks related to ads served on Google sites and its AdSense partner sites, decreased 13%.
 

Interactive and digital claim most M&A activity in Q2 2009

Cara Wood June 30, 2009

Investment bank Petsky Prunier released a trend report highlighting M&A and investment activity in the second quarter of 2009. It reveals continued slowdown for marketing, information and digital media investment volume and value. Bright spots in interactive and digital advertising were driven primarily by venture capital and corporate investments in social media, online video, mobile marketing and software-as-a-service e-mail marketing.
 

Design Within Reach seeks NASDAQ delisting

Chantal Todé June 26, 2009

Multichannel home furnishings merchant Design Within Reach Inc. has notified the NASDAQ Stock Market of its intent to voluntarily delist its common stock from NASDAQ. While the company reports that it has not received a formal notice from NASDAQ that it has failed to comply with listing standards, Design Within Reach said in a statement that it has struggled to maintain compliance with NASDAQ's minimum required bid price of $1 per share.
 

USPS revenue and volume continue to plummet

Cara Wood May 28, 2009

According to preliminary financial information released today for April 2009, the US Postal Service has seen a year-over year decline of $764 million in operating revenue — an 11.9% decrease from April 2008. Government appropriation increased by $1 million from 2008 to 2009. Year-to-date USPS revenue is at just over $41 billion. It was originally forecasted to hit $45 billion, which was also the total revenue at this point last year.
 

Rosetta

May 18, 2009

Rosetta was already a force in direct marketing, thanks in large part to its proprietary personality segmentation platform. Since acquiring Brulant last year, the agency added strong transactional capabilities to the mix. Today, Rosetta is one of the largest independent interactive agencies with strong legs in healthcare, consumer products and retail as well as financial services. Click headline above to view Rosetta's full profile, complete with capabilities and company history.
 

RR Donnelley's Q1 sales, earnings drop

Chantal Todé May 07, 2009

R.R. Donnelley & Sons Co. reported net sales for the first quarter ended March 31 totaled $2.5 billion, an 18.1% decrease from the first quarter of 2008. The sales drop included a 3.5% negative impact from changes in foreign exchange rates and volume declines across substantially all product lines, as well as continued price pressure.
 

Just the facts for Aflac in its new campaign

Lauren Bell May 04, 2009

Aflac has launched a multichannel campaign in an effort to spur sales of its new products and win over consumers who may be reluctant to buy in this economy.
 

Alliance Q1 income falls 44%, despite growth in some divisions

Lauren Bell April 23, 2009

Alliance Data Systems Corp., parent company to Epsilon and LoyaltyOne, reported results for its first quarter, ended March 31, showing that first-quarter net income has decreased nearly 44% since Q1 last year. Revenue for the company dropped 4%, to $480 million, while cash earnings per diluted share were up slightly — from $1 to $1.19.
 

eBay notes first quarter loss

Bryan Yurcan April 23, 2009

EBay Inc. reported a first quarter revenue of $2.02 billion, a $171.6 million year-over-year loss.
 

UPS earnings drop nearly 56%

Bryan Yurcan April 23, 2009

UPS Inc. today reported first quarter revenue of $10.9 billion, down 13.7% from the same quarter last year, and saw its earnings fall nearly 56% to $401 million, compared to profit of $906 million a year ago.
 

Yahoo profits down 78%, cuts 5% of work force

Mary Elizabeth Hurn April 21, 2009

Yahoo has reported a 78% drop in profits in the first quarter of 2009 to $118.7 million, compared to $536.8 million in the first quarter of last year. Yahoo also is cutting more than 600 jobs, 5% of its worldwide work force. Total revenues were $1.58 billion, down 13% from 1.817 billion a year ago. Gross profits also were down from $1.06 billion in 2008 to $879 million this year.
 

Talbots decreases catalog circ., increases e-mail marketing

Chantal Todé April 17, 2009

The Talbots Inc. will decrease catalog circulation and increase e-mail marketing in 2009, according to the annual report recently filed with SEC by the company. In 2008, direct marketing represented 16% of total sales while the Internet comprised 68% of total direct marketing sales. To support the strong performance from its Internet efforts, the company is allocating a portion of its capital budget in 2009 to refresh its e-commerce platform.
 

Google CEO: 'happy to pursue' a microblogging deal

Mary Elizabeth Hurn April 17, 2009

Google CEO Eric Schmidt said pursuing a deal with the likes of Twitter would be something that the search giant would be "very happy to pursue."
 

Talbots reports big Q4 loss

Chantal Todé April 13, 2009

The Talbots Inc. reported a net loss totaling $366.5 million, or $6.85 per share, for the fourth quarter ended January 31. This compares to a net loss totaling $171.4 million, or $3.22 per share, in the previous fourth quarter period. For the fiscal year, the net loss totaled $560.6 million, or $10.49 per share. This compares with the previous year's net loss of $188.8 million, or $3.56 per share.
 

Systemax bids on Circuit City's intellectual property, e-commerce business

Chantal Todé April 13, 2009

Bankrupt retailer Circuit City Stores Inc. has entered a stalking horse agreement with multichannel electronics merchant Systemax Inc. to acquire its brand, trademarks and e-commerce business for $6.5 million, according to a report from the Associated Press. Systemax manufactures and sells consumer electronics via the TigerDirect brand. In January 2008, it acquired the intellectual property of bankrupt CompUSA.
 

Quebecor World expects to emerge from creditor protection by mid-July

Chantal Todé April 08, 2009

After reaching an agreement in principle on the key terms that will allow it to successfully emerge from creditor protection, Quebecor World Inc. said it expects to file a reorganization plan in Canada and the US by the end of April and emerge from creditor protection by mid-July.
 

FedEx, citing revenue drop, plans more cuts

Bryan Yurcan March 19, 2009

FedEx corp. today announced revenue of $8.14 billion for the quarter ended February 28, down 14% from $9.44 billion the previous year, and said it would implement further cost-saving measures.
 

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