ShopKo recovers from prior-year loss.(Business)
Home Textiles Today, May, 2005
GREEN BAY, WIS. -- Helped by stronger margins and tight inventory controls, which more than offset lower sales, heartland retailer ShopKo Stores Inc. bounced back with a modest first quarter profit of $636,000, recovering from a prior-year loss of $2.4 million. But the turnaround stemmed entirely from improving operations, and sales remained weak, sliding 4.3 percent, to $703.3 million from $735 million last year.
Same-store sales dropped off 4.8 percent. Sales in the core ShopKo Stores unit fell 6.3 percent, to $517.9 million from $552.8 million during the same period a year ago. Same-store sales tumbled 6.5 percent. The Pamida small-store format recorded a sales gain of 1.7 percent, to $185.4 million from $182.2 million, while same-store...
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
- Using object-oriented analysis and design over traditional structured analysis and design
Presented by American Express