TITLE

Tight Inventories Boost 3Q Results

AUTHOR(S)
Derby, Meredith; Zaczkiewicz, Arthur
PUB. DATE
November 2005
SOURCE
WWD: Women's Wear Daily;11/11/2005, Vol. 190 Issue 103, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports the financial performance of retailers in the U.S. for the third quarter of 2005. Urban Outfitters' net profits rose over 40 percent on a 33.5 percent revenue gain during the quarter. Meanwhile, net earnings of Target Corp. from continuing operations swelled 34.3 percent to $435 million, or 49 cents a share, from $324 million, or 36 cents, in the prior year, on a total revenue gain of 11.9 percent to $12.21 billion from $10.91 billion. After the market closed, Kohl's Corp. posted a significant gain in profits as sales rose 13.7 percent.
ACCESSION #
18922131

 

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