Kmart swings to profit in 3Q
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Discount retailer Kmart Holding Corp. reported a third-quarter profit Wednesday, reversing a year-earlier loss, as asset sales and cost containment helped offset a further decline in sales.
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A quarterly profit of $3.2 billion was driven by increased trading volume and merger activity.
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Kroger Co., the top US grocer, said Tuesday third-quarter profit rose 29 percent as it kept a tight rein on expenses and sales rebounded.
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OfficeMax Inc , the nation's third-largest office supplies retailer, posted a higher quarterly profit on Tuesday, helped by lower expenses and improved margins.
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Wal-Mart Stores Inc. saw sales and profits increase during the third quarter this year, even as rising energy costs ate into customersâ spending money.
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The Kroger Company, the nationâs biggest supermarket chain, said fourth-quarter profit rose more than analysts had anticipated as discounts spurred sales.
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Kimberly-Clark Corp. KMB.N on Monday  posted higher third-quarter profit but fell short of Wall  Street expectations as it dealt with price competition and  higher raw material costs, sending its shares down 5 percent
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Department store operator Nordstrom Inc. on Tuesday said third-quarter profit jumped on higher sales, inventory changes and lower expenses, leading it above Wall Street estimates.
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Europe&#39;s largest fashion retailer, Hennes &amp; Mauritz AB, on Thursday posted better than expected third-quarter profits and said sales were up despite lowered prices
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Diversified industrial firm Ingersoll-Rand Co. on Thursday said its third-quarter profit rose 53 percent on a 15 percent gain in revenue.
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The online retailer announced Tuesday that its second-quarter net income increased more than threefold, with revenue up 35 percent.
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Kmart, which emerged from bankruptcy just last year, announced yesterday it would buy Sears for $11 billion to create the country&#39;s third-largest retailer.
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Anheuser-Busch Cos. said Wednesday that third-quarter profit rose 3 percent, helped by higher international sales and its acquisition of Harbin Brewer Group.
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Discount retailer Kmart Holding Corp. reported Monday that the company swung to a profit in the second quarter, but same-store sales were still in decline.
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3M Co. , the maker of Scotch tape and Post-It notes, on Tuesday posted a higher quarterly profit as it saw strength across its portfolio of businesses.
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Target Corp., the second-largest US discount retailer, said third-quarter profit surged 78 percent after selling its Marshall Field&#39;s and Mervyn&#39;s chains.
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Sears Canada Inc., the country&#39;s third-biggest department store chain, said third-quarter profit rose 4.5 percent, less than it expected, as sales of clothing were hurt by unseasonable weather.