MajorsAug 01, 2025
Jewelers Mutual Names Mike Alexander as President The insurance company’s previous president and CEO, Scott Murphy, has split his role and will continue as CEO.
FinancialsNov 14, 2013
Earnings roundup: Walmart, Kohl’s
Walmart Stores Inc. and off-price retailer Kohl’s Corp. released their third quarter earnings Thursday, with same-store sales down for both as the retail environment remains competitive.
New York--Walmart Stores Inc. and off-price retailer Kohl’s Corp. released their third quarter earnings Thursday, with same-store sales down for both as the retail environment remains competitive.
Details of both company’s financial statements are below.
Walmart
Walmart Stores Inc. reported a 0.3 percent decline in same-store sales (excluding fuel) in the U.S. in the third quarter. Total sales reached $67.69 billion, up 2 percent from $66.11 billion in the prior-year period.
At Sam’s Club, same-store sales (without fuel) were up 1 percent during the period while total sales also were up 1 percent to $14.08 billion.
Operating income for Walmart’s U.S. stores was up 6 percent to $5.12 billion, while operating income for Sam’s Club increased by more than 9 percent to $474 million.
“Our most important priority is growing top-line sales, including comp sales,” said Mike Duke, Walmart Stores Inc. president and CEO. “The retail environment, both in stores and online, remains competitive. Walmart has aggressive plans to help our customers enjoy the holiday season, and there is no doubt that we plan to win for our customers and shareholders throughout the holidays.”
Bill Simon, Walmart U.S. president and CEO, gave no reason for the company’s tepid performance this quarter, only noting that they are now focusing on the holidays.
“The team has developed our best holiday plan ever. We are committed to being the number one retail destination,” Simon said. “We’re making sure our shelves are well stocked with the most popular toys, and we’re guaranteeing low prices all season in the store through the Christmas Ad Match Program.”
For the 14-week period ending Jan. 31, 2014, Walmart expects U.S. same-store sales to be relatively flat.
Kohl’s Corp.
Same-store sales decreased by nearly 2 percent from the prior-year period for Kohl’s Corp. in the third quarter ended Nov. 2.
Total sales were also down for the retailer, decreasing by 1 percent year-over-year to $4.44 billion.
Net income declined nearly 18 percent, from $215 million in the third quarter 2012 to $177 million in the third quarter 2013.
Kohl’s ended the quarter with 1,158 stores in 49 states, compared to 1,146 stores at the same time last year. The company opened three new stores during the third quarter, and has remodeled a total of 30 stores in 2013.
“As we enter the holiday season, we believe we are well positioned from a merchandise content and
inventory perspective to gain market share,” said Kevin Mansell, chairman, president and CEO. “We have increased our marketing spending and improved its impact and reach in order to drive higher traffic to our stores and online. Our customer will find the perfect gift for everyone on her shopping list at Kohl’s and will be excited by the value she receives in both our only-at-Kohl’s and national brands.”
For the fourth quarter ending Feb. 1, 2014, Kohl’s estimates that same-store sales will be flat or decline by up to 2 percent, while total sales are expected to decline between 2 and 4 percent.
For the fourth quarter ending Feb. 1, 2014, Kohl’s estimates that same-store sales will be flat or decline by up to 2 percent, while total sales are expected to decline between 2 and 4 percent.
More on Financials
The Latest
SourcingAug 01, 2025
Gemfields’ Auction Revenue Drops 50% in H1The nearly six-month pause of operations at its Kagem emerald mine earlier this year impacted the miner’s first-half results.
MajorsAug 01, 2025
Helzberg President Julie Yoakum Moves Over to Signet JewelersThe addition of Yoakum, who will lead Kay and Peoples, was one of three executive appointments Signet announced Thursday.
Brought to you by
Taking the Moment Head On: How Rio Grande Champions the Present & Future of Fine JewelryAs a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.
CollectionsAug 01, 2025
Piece of the Week: Hernsdorf’s ‘Tears of Aphrodite’ NecklaceThe necklace uses spinel drops to immortalize the moment Aphrodite’s tears mixed with her lover Adonis’ blood after he was fatally wounded.
Weekly QuizJul 31, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SourcingJul 31, 2025
De Beers Records $189M First-Half Loss The diamond miner and marketer warned last week that it expected to be in the red after significantly cutting prices in Q2.
Events & AwardsJul 31, 2025
These Are the 2025 CASE Award WinnersJewelers of America’s 35th annual design contest recognized creativity, artistry, style, and excellence.
Brought to you by
Investing in the Next Generation of Bench JewelersThe Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.
IndependentsJul 31, 2025
Matthew Tratner Takes Over as CBG President Tratner succeeds Andie Weinman, who will begin stepping back from the buying group’s day-to-day operations.
Policies & IssuesJul 30, 2025
Tariff on India Will Be 25%, Trump Says The president made the announcement via Truth Social Wednesday, adding that India also will face a penalty for its dealings with Russia.
WatchesJul 30, 2025
Peek Inside Zadok Jewelers’ New Rolex Showroom in AustinIts opening marks the completion of the retailer’s new 11,000-square-foot store in the Texas capital.
SurveysJul 30, 2025
Consumer Confidence Ticks Up in JulyRespondents shared concerns about tariffs and commentary on the “Big Beautiful Bill.”
SourcingJul 30, 2025
Rob Bates to Release Latest Book in His ‘Diamond District Mystery’ Series“Making a Killing in Diamonds” tells the story of Mimi Rosen, the disappearance of a scientist, and the murder of lab-grown diamond CEO.
EditorsJul 29, 2025
Out & About: Visiting Tacori’s Design Studio in LASenior Editor Lenore Fedow learned a lot when she took a behind-the-scenes factory tour with the jewelry brand earlier this year.
Events & AwardsJul 29, 2025
Melee The Show Welcomes 15 New DesignersThe first-time exhibitors, set to debut at the New York City show, share a devotion to craftsmanship, storytelling, and material integrity.
SourcingJul 29, 2025
Auctim to Offer 7.3M+ Carats of Rough EmeraldsThe online auction house’s September sale will feature rough Brazilian emeralds of various qualities.
MajorsJul 29, 2025
Alexis Padis Re-Elected AGS Board President She’ll lead an executive committee consisting of President-Elect Bryan Moeller, Mitchell Clark, Bill Farmer, and Larry Rickert.
Policies & IssuesJul 28, 2025
U.S.-EU Come to Agreement on Tariffs Announced Sunday, the deal will set the tax on goods imported into the United States from the European Union at 15 percent.
CollectionsJul 28, 2025
Nanis Brings a New Palette to ‘Ipanema’A new edition of the Italian brand’s “Ipanema” collection has debuted with gemstones that evoke Brazil’s breathtaking views.
MajorsJul 28, 2025
The 1916 Company Partners with ‘Shark Tank’ Star’s Watch Insurance PlatformThe retailer will refer its customers to WonderCare, founded by venture capitalist and watch collector Kevin O’Leary.
IndependentsJul 28, 2025
Sissy’s Log Cabin to Open Flagship in Arkansas The jeweler’s largest store yet is set to open in Little Rock next fall.
CollectionsJul 25, 2025
Piece of the Week: Jemma Wynne’s ‘Forme’ NecklaceAnne Hathaway was seen wearing the toggle necklace three times while filming scenes for “The Devil Wears Prada 2.”
Events & AwardsJul 25, 2025
Pre-Registration Open for September Hong Kong ShowJewellery & Gem World Hong Kong is scheduled for Sept. 15 to 21, and buyer pre-registration will be available until Sept. 7.
Events & AwardsJul 24, 2025
2 Retailers to Receive 2026 Gem Award for Lifetime AchievementMark and Candy Udell of London Jewelers will receive the honor at the 24th annual Gem Awards next March.
SourcingJul 24, 2025
De Beers Sees Diamond Production Sink 36% in Q2 While struggles continue at the mining and trading end of the pipeline, consumer demand for diamond jewelry is holding steady.
CollectionsJul 24, 2025
Francesca Villa Adds Dimension to Her Intaglio CharactersThe “Fantasia” jewelry collection turns the intaglio animals from her “Close Encounters” collection into 3D characters.
WatchesJul 24, 2025
Breitling Drops Super Bowl Watch Honoring the Philadelphia Eagles The special Classic Avi Chronograph 42 with an Eagles-green dial is limited to 59 pieces, a nod to the Super Bowl Philadelphia just won.
