GameStop's efforts to generate growth by diversifying its business model worked well in 2015, as the video game retailer posted its third straight year of positive comps.
","showSummary":null,"url":"/news/gamestop-emerges-victorious-transitional-01","date":"2016-03-25T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":57849,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40083.jpg?itok=b3NAb-Et","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Francesca's was a big holiday shopping destination","id":54130,"bundle":"article","summary":"Francesca’s says its fourth quarter financial results show that the retailer's growth initiatives are bearing fruit, as the company posted a big jump in same-store sales over the holidays.
\r\nFor the fourth quarter and fiscal year ended Jan. 30, same-store sales at Francesca's increased 11%. Net sales increased 25% to $134.6 million from $107.6 million in the prior year quarter.Net income totaled $14.7 million, or 35 cents diluted earnings per share, compared to $6.0 million, or 14 centsdiluted earnings per share, in the comparable prior year period.
","showSummary":null,"url":"/news/francescas-was-big-holiday-shopping-destination","date":"2016-03-23T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":57733,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40042.jpg?itok=hFDVVXtu","width":600,"height":450,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Report: Ahold to sell Richmond-area Martin’s stores ahead of merger","id":54153,"bundle":"article","summary":"The Richmond Times-Dispatch is reporting that the 19 Martin’s Food Markets stores in the area will be either sold or closed as the completion of parent company Ahold’s merger with Delhaize Group. The Richmond-area stores are just some of the 83 stores the combined companies are looking to unload across the eastern and northeastern U.S. (Richmond Times-Dispatch)
\r\n","showSummary":null,"url":"/news/report-ahold-sell-richmond-area-martins-stores-ahead-merger","date":"2016-03-21T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":57655,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40019.jpg?itok=b9cgfM_M","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Analysis: Tween and teen retailers remain financially vulnerable","id":54161,"bundle":"article","summary":"Apparel chains focused on tweens and teens are increasingly at risk of filing for bankruptcy protection.
\r\n\t
\r\n\tAt least that’s the view of Michael McGrail, COO of Tiger Capital Group and a veteran retail liquidation and asset appraisal executive.
\r\n\t
\r","showSummary":null,"url":"/real-estate/analysis-tween-and-teen-retailers-remain-financially-vulnerable","date":"2016-03-21T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":57631,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40011.jpg?itok=i5e7VE5P","width":767,"height":575,"alt":null},"topics":[{"name":"REAL ESTATE","url":"/real-estate"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]}]},"title":"FINANCE","contentParagraphs":null,"sections":null};
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FINANCE
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Restoration Hardware slips in Q4; sees new brand as $1 billion business
Production and shipping delays related to its new collection of modern furniture, which it also has launched as a standalone business, are taking a toll on Restoration Hardware Holdings Inc. as the high-end retailer issued a weak outlook for the current quarter.
Restoration Hardware (RH) reported its fourth-quarter earnings slid to $33.3 million, or 79 cents a share, from $42.5 million, or $1.02 a share, a year earlier. On an adjusted basis, the company earned 98 cents a share, which fell short of its own projection released in February.
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Sales at Claire's fall in Q4
Claire's Stores blamed currency exchange rates and store cloures for its decrease in revenue in the fourth quarter.
The specialty retailer said that for the period ended Jan. 30, net sales were $402.6 million, a decrease of $9.8 million, or 2.4% compared to the fiscal 2014 fourth quarter. The company said the decrease was attributable to an unfavorable foreign currency translation effect of non-U.S. net sales, the effect of store closures, decreased shipments to franchisees and a 0.2% decrease in same-store sales.