Sam's Club, a subsidiary of retail giant
Wal-Mart Stores Inc.
), has introduced an exclusive furniture collection called The
Black Mountain Collection, designed by author Nicholas Sparks.
The Black Mountain Collection consists of six exquisite pieces
of fine furniture each of which is inspired by Sparks' latest book,
The Longest Ride (2013), and the upcoming movie based on this
novel. The collection gets its name from the movie, which is set in
Black Mountain town in North Carolina. The furniture designs give
the feel of rolling hills and natural surroundings of Black
The Black Mountain Collection comprises a Writing Desk, Plush
Chair and Ottoman, a Storage Cabinet, a Bookcase, a Leather Office
Chair and a Wooden Trunk. All the five pieces except Leather Office
Chair will be available online at SamsClub.com and in all U.S.
Sam's Club locations, whereas The Leather Office Chair will be
available in-club only.
Nicholas Sparks is a best-selling novelist, screenwriter and
producer. His books have been New York Times bestsellers, with more
than 100 million copies sold worldwide and in more than 50
languages. The Black Mountain furniture collection will not only
contribute to his career as an artist, but will also offer style
and versatility in the Sam's Club product line.
Sam's Club pulled in $12.7 billion in sales during its
third-quarter fiscal 2015, up 2.3% from the prior-year quarter,
excluding fuel impact. Sam's Club comps, excluding the impact of
fuel sales, increased 0.4% versus an increase of 1.1% in the
prior-year quarter. Comp sales were in line with the company's
expectations of being slightly positive in the third quarter. Sam's
Club comp traffic was up 0.2%, while average ticket increased 0.2%.
E-commerce sales positively impacted comp sales by approximately
0.2% in the quarter.
Despite an improvement in U.S and Sam's Club comps and
international operations, the company narrowed its guidance for
fiscal 2015 during the third-quarter conference call, as it expects
to invest more in the e-commerce business and in Sam's Club. The
company also expects higher U.S. health care costs and tax rates to
hurt profits in fiscal 2015. Not only this, currency headwinds, cut
in food stamps and sluggish economic environment are likely to hurt
the top line in the upcoming quarters. (Read:
Wal-Mart's Q3 Earnings In Line, Sales Beat; View
Currently, Wal-Mart holds a Zacks Rank #3 (Hold).
Some better ranked retailers include Ingles Markets,
), Safeway, Inc. (
) and The Kroger Co. (
). While Ingles Markets sports a Zacks Rank #1 (Strong Buy),
Safeway and Kroger hold a Zacks Rank #2 (Buy).
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