Sales of 31.2 million iPhones and 14.6 million iPads during third quarter ended June 29 enabled Apple to generate sales of $35.3 billion, but lower prices led to gross margin contraction and a nearly $2 billion decline in profits.
Kohl’s is continuing its partnerships with the American Cancer Society and the Southeast Wisconsin affiliate of Susan G. Komen. To that end, the retailer and its philanthropic platform, Kohl’s Cares, have donated $1.7 million to support and expand education and patient-assistance programs.
Office supplies and clothing retailers are not the only ones vying for foot traffic during back-to-school season. Students need laptops and other consumer electronics, too, and CE retailers HH Gregg is jumping into the fray with its list of sales and specials targeted at the tech-savvy crowd.
Same store sales increased 1.3% at RadioShack during the second quarter, but clearance driven sales activity took a toll on profitability and the retailer enlisted the services of several turnaround firms.
The competitive prospects of Spartan Stores and Nash Finch improved considerably on Monday when the two companies agreed to merge and create an enterprise with 177 stores, 22 distribution centers and annual sales of roughly $7.5 billion.