Best Buy quarterly profit falls
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Top U.S. consumer electronics retailer Best Buy Co. Inc.  said on Tuesday its quarterly profit fell, dragged down by sales of lower margin products.
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Best Buy Co. Inc. BBY.N, the top  U.S. electronics retail chain, on Wednesday posted a 21 percent  rise in quarterly profit and said it gained market share in the  period.
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Retailer Home Depot Inc.  said on Wednesday it expects per-share profit to fall this year as the U.S. housing slump hurts sales and it increases spending on its stores.
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US-based consumer electronics retailer Best Buy has reported a 22% jump in Q2 net earnings, which reached $230 million for the quarter ended August 26. Total revenue for the second quarter increased by 13% to $7.6 billion, helped by new store openings and strong sales of flat-panel televisions.
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Sears reported profit that trailed analystsâ estimates while earnings at Costco Wholesale fell 4.9 percent on the cost of a new return policy.
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Home Depot Inc.  said on Wednesday it expects per-share profit to fall this year as the U.S. housing slump hurts sales and it increases spending to improve older stores in a bid to gain market share.
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Home Depot Inc. , the world's  largest home improvement retailer, reported lower  fourth-quarter profit on Tuesday as the weak U.S. housing  market hurt sales at its retail stores, which declined 2  percent.
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Best Buy Co Inc. BBY.N on Tuesday   reported higher-than-expected quarterly profit, boosted by new   store openings and sales of high-priced electronics and easing   fears that consumers were pulling back on spending.
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Costco Wholesale Corp.  on  Thursday said its quarterly profit fell, hurt by charges for  expensing stock options.
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Discount retailer Ross Stores Inc. Wednesday said its profit fell about 40 percent in the latest quarter due to problems with a new computer system that limited the company's ability to respond to changes in customer demand.
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Lowe's Cos.  reported lower quarterly profit on Friday as the battered U.S. housing market hurt sales.
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Apparel retailer Talbots Inc.  said on Wednesday that quarterly net profit fell, hurt by heavy markdowns and declining sales at its flagship Talbots chain.
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Best Buy Co. Inc. , the top U.S. electronics retail chain, on Wednesday posted a 21 percent rise in quarterly profit and said it gained market share in the period.
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McGraw-Hill Cos , the book and  magazine publisher and owner of Standard & Poor's, on Thursday  said fourth-quarter profit fell 31 percent, as disruptions in  global capital markets dampened demand for credit ratings.
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McGraw-Hill Cos , the book and magazine publisher and owner of Standard & Poor's, on Thursday said fourth-quarter profit fell 31 percent, as disruptions in global capital markets dampened demand for credit ratings.
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Consumer electronics retailer Best Buy  Co  reported a higher quarterly profit on Tuesday, aided  by strong international results and demand for computing, home  theater and video gaming products.
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Kroger Co. on Tuesday posted a 25 percent drop in quarterly profit and warned it may not reach its sales target for the year, sending shares of the top US grocer