KMart Posts Profit; Cash Pile Grows
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Kmart Holding Corp. (KMRT.O) on Monday reported its third consecutive quarterly profit despite slumping sales as it cut jobs and reduced advertising and discounts, boosting its cash pile to &#36;2.6 billion.
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Kroger Co. , the largest U.S. grocery chain, posted a higher quarterly profit on Tuesday, as remodeled stores and improved perishable goods attracted shoppers.
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Wal-Mart Stores Inc. met Wall Street expectations with a 12.7 percent increase in its fiscal third-quarter earnings. Wal-Mart said Tuesday it earned $2.29 billion, or 54 cents per share, in the August-October
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Kimberly-Clark Corp. KMB.N on Monday  posted a higher third-quarter profit as increased tissue prices  helped counter higher raw material costs.
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Retailer Sears Holdings Corp.  posted a 20 percent rise in quarterly profit on Thursday, helped by a legal settlement and other special gains, but sales declined at both its Sears and Kmart units.
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U.S. stocks rose on Wednesday lifted  by a merger between retailers Kmart and Sears,  better-than-expected earnings from Hewlett-Packard and data  showing a slight rise in core inflation.
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U.S. stocks advanced on Wednesday  after Kmart's plan to buy Sears in an $11.5 billion  deal was  announced and computer maker Hewlett-Packard Co. HPQ.N posted  solid earnings, but higher oil prices prompted some investors  to sell equities.
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Wal-Mart Stores Inc  on Tuesday  posted a better-than-expected quarterly profit after  penny-pinching U.S. shoppers scoured its discount stores for  low prices on necessities like food and laundry detergent.
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Kroger Co. , the largest U.S.  grocery chain, said on Tuesday that quarterly profit rose 15.8  percent, as shoppers were enticed by remodeled stores and  improved perishable goods, and it raised its earnings view for  the year.
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General Mills Inc.  on Thursday said quarterly profit edged higher, though increased marketing spending and higher commodity costs tempered the increase.
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U.S. stocks rose on Wednesday as  retailers Kmart Holding Corp. KMRT.O and Sears, Roebuck & Co.  S.N announced an $11.5 billion deal, while computer maker  Hewlett-Packard Co. HPQ.N posted solid earnings.
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Retailer Sears Holdings Corp.  posted a 20 percent rise in quarterly profit on Thursday, helped by a legal settlement and other special gains, but sales declined at both its Sears and Kmart units, sending its shares down more than 2 percent.
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Kmart Holding Corp. has finalized the sale of 50 of its stores to Sears, Roebuck and Co. for $575 million, the retailer said Wednesday.
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The profit decline by Sears Holdings, the combination of Sears and Kmart, will be the second consecutive quarter of steeply falling profits for the retailer.
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Kmart Holding Corporation, parent company of the discount retail chain, said it had finalized the sale of 50 stores to Sears, Roebuck and Co for 575.9 million dollars in cash.
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The food maker General Mills reported a slightly higher profit in its latest quarter on Wednesday, as stronger sales offset rising costs for ingredients and price increases did not faze consumers.
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Kimberly-Clark Corp.  posted a  higher quarterly profit on Tuesday as savings from its  restructuring plan helped offset higher fiber costs, and raised  its full-year earnings forecast.