Sears Sales Rise on Appliance Strength
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Sears, Roebuck &amp; Co. (SN: Quote, Profile, Research) on Thursday said sales at stores open at least a year rose 1.9 percent in October, breaking a string of six straight monthly declines, helped by growth in appliances.
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Target Corp. , the No. 2 U.S. discount retailer, on Thursday posted a higher quarterly profit, boosted by stronger sales and gains from the sale of its Mervyn's department store chain.
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Chain store sales rose more than expected last week mainly due to back-to-school shopping, in a sign that consumers continue to spend despite a weaker economy, two reports showed on Tuesday.
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US 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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HOFFMAN ESTATES, Ill. Hoffman Estates-based Sears, Roebuck and Company has reported a slight increase in October same-store sales today despite continuing weak results in apparel.
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Shares of Sears, Roebuck and Co. were  up about 20 percent on Friday after real estate company Vornado  Realty Trust said it raised its stake in the retailer, a step  that could mean Sears plans to convert some of its real estate  assets into cash.
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U.S. chain stores sales rose in the  third week of May with strength in household staples, but  rising gasoline prices and interest rates are expected to lower  sales in the second quarter, a report said on Tuesday.
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General Electric Co  posted a 4 percent rise in net profit on Friday, matching Wall Street expectations, with strong demand for heavy equipment from outside the United States offsetting the effects of a slowing domestic economy.
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Sears Roebuck and Co. surprised naysayers Thursday by reporting a sales gain in October, the first in six months. Sales at stores open at least a year rose 1.9 percent versus a year ago, largely on the strength
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Number two global home appliance maker Electrolux  posted a surprise rise in fourth-quarter profit on Wednesday as European demand offset a U.S. slowdown, pushing its shares up by nearly a fifth.
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Sears showed a relatively nice boost in its November comps.
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Sears, Roebuck &amp; Co. on Thursday said comparable domestic store revenue rose 2.8 percent in November, surpassing analysts&#39; expectations for a decline of 0.3 percent.
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Whirlpool Corp , the world's largest appliance maker, reported higher third-quarter profit on Tuesday on rising international demand and lower taxes, but sales missed estimates on weaker U.S. results and its shares dropped more than 5 percent.
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Sales by retailers rebounded by a stronger-than-expected 1.4 percent in May as consumers shrugged off higher gasoline prices and increased spending on cars, clothing and building materials, a Commerce Department report showed on Wednesday.
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Stocks rose as an $11 billion offer by Kmart for Sears, Roebuck lifted retailers and better-than-expected earnings from Hewlett-Packard ignited a rally in technology shares.
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Vornado Realty Trust said on Friday it has acquired a 4.3 percent stake in the retailer Sears, Roebuck &amp; Co.. Sears&#39; stock rose as high as $45.
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The U.S. economy showed signs of  strength with the release of stronger-than-expected retail  sales data on Monday that helped cement views the Federal  Reserve will raise interest rates again this week.