KB Home Posts Narrower Earnings Loss

by | Sep 24, 2010 | Towing

KB Home

KB Home (KBH) reported a quarterly loss of 2 cents per share, compared with 87 cents per share a year earlier.

Revenue was $501 million in the quarter ended Aug. 31, the company said in a statement. That’s a 9% increase from a year earlier.

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The company incurred $3.3 million of inventory impairment of land option contract abandonment charges in the quarter, compared with $47.7…

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KB Home Posts Narrower Earnings Loss originally appeared on DailyFinance on Fri, 24 Sep 2010 08:45:00.

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Sears Plans to Open Dozens of Toy Shops in Time for Holidays

by | Sep 24, 2010 | Towing

Sears

Sears (SLHD) will open toy shops in 85 stores in key markets in a bid to attract shoppers in time for the holiday season.

“We have a very aggressive plan for growing our toy business,” Julia Fitzgerald, chief marketing officer for Sears’ toy business told Reuters.

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The company will allocate as much as 1,800 square feet of floor space each of 85 stores to toys. The decision was…

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Sears Plans to Open Dozens of Toy Shops in Time for Holidays originally appeared on DailyFinance on Fri, 24 Sep 2010 08:09:00.

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GM’s Market Share Hovers Near Record Low

by | Sep 23, 2010 | Towing

General Motors’ share of the U.S. automobile market is expected to slip to 18% in September, the third lowest ever recorded by the Detroit automaker.
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