Ascena says its second quarter revenue got a big boost from the acquisition of Ann Inc., but same-store sales declined sharply during the period.
\r\n\tFor the second quarter ended Jan. 23, the companyreported a net loss of 12 cents per diluted share compared to net income of 5 cents per diluted share in the same period of fiscal 2015.Net sales were $1.842 billion compared to $1.289 billion last year, with the increase driven by the acquisition of Ann Inc. Second quarter total comparable sales were down 6%.
","showSummary":null,"url":"/news/shoppers-stay-away-ann-taylor-justice-over-holidays","date":"2016-03-02T00:00:00","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":56887,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39733.jpg?itok=nski2vWW","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Weather boosts sales at Big 5 Sporting Goods","id":54418,"bundle":"article","summary":"Cold winter weather in the Western states helped Big 5 Sporting Goods post an increase in same-store sales and profit in the fourth quarter.
\r\n\t
\r\n\tFor the fourth quarter ended Jan. 3, the retailer said net sales increased to $275 million from net sales of $250.3 million for the fourth quarter of fiscal 2014. Same-store sales increased 0.1% for the fourth quarter of fiscal 2015 and 1.4% for the full year.
\r\n\t
\r","showSummary":null,"url":"/news/weather-boosts-sales-big-sporting-goods","date":"2016-03-02T00:00:00","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":56908,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39740.jpg?itok=Yxt4bDQ5","width":620,"height":404,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Sports Authority files Chapter 11; store closings loom","id":54421,"bundle":"article","summary":"
The Sports Authority on Wednesday filed for Chapter 11 bankruptcy protection and said it plans to close or sell as many as 140 of its 463 stores nationwide. The beleaguered company has struggled in recent years under increased competition not only from online players, but also from the likes of Dick’s Sporting Goods and specialty retailers such as Lululemon that have capitalized on the “athleisure” boom in fitness apparel.
\r\n\t
\r","showSummary":null,"url":"/news/sports-authority-files-chapter-11-store-closings-loom","date":"2016-03-02T00:00:00","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":56899,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39737.jpg?itok=Q3FlLfWk","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Abercrombie turnaround continues with 30% jump in Q4 profit","id":54423,"bundle":"article","summary":"
Abercrombie & Fitch's efforts to attract more shoppers with a better store experience and updated merchandise mix are paying off as the retailer reported an unexpected increase in same-store sales and a 30% increase in profit for the fourth quarter.
\r\n\t
\r\n\tAbercrombie said overall same-store sales rose 1% in the quarter ended Jan. 30, the first gain in the metric since the third quarter 2012. Analysts on average were expecting a decline of 0.10%. The gain in same-store sales was driven by a 4% increase in the Hollister division.
\r\n\t
\r","showSummary":null,"url":"/news/abercrombie-turnaround-continues-0-jump-q-profit","date":"2016-03-02T00:00:00","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":56893,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39735.jpg?itok=saJD8SPe","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"American Eagle improves performance by refining footprint and merchandise","id":54410,"bundle":"article","summary":"
American Eagle Outfitters didn’t exactly soar in the fourth quarter, but its low single-digit same-store sales increase was better than most and benefitted from recent store closures.
\r\n\t
\r\n\tTotal company sales increased 3% to $1.11 billion and same store sales grew 4% after a flat performance in the fourth quarter the prior year. Earnings per share increased 17% to 42 cents from the 36 cents earned from continuing operations the prior year. The company expects its first quarter same store sales to increase in the mid-single digits.
\r\n\t
\r","showSummary":null,"url":"/news/american-eagle-improves-performance-refining-footprint-and-merchandise","date":"2016-03-02T00:00:00","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":56927,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39748.jpg?itok=zIxZCXK7","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Dollar Tree misses in Q4 despite sales boost from Family Dollar","id":54441,"bundle":"article","summary":"
Dollar Tree on Tuesday credited sales at its Family Dollar division as helping to boost the company’s overall results for the fourth quarter. But the increase still fell short of analysts expectations.
\r\n\t
\r\n\tSales for the quarter ended Jan. 30 totaled $5.37 billion, a 116.7% increase from the year-ago period but still less than expected. The boost in revenue was the result of $2.68 billion in sales from the Family Dollar segment.
\r\n\t
\r","showSummary":null,"url":"/news/dollar-tree-misses-q-despite-sales-boost-family-dollar","date":"2016-03-01T00:00:00","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":56843,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39717.jpg?itok=lHfrzGkB","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"AutoZone moves into the fast lane in Q2","id":54445,"bundle":"article","summary":"
Efforts to rework its distribution process netted big wins in the second quarter for AutoZone, which reported increases in same-store sales and profit.
\r\n\t
\r\n\tThe auto parts retailer posted net sales of $2.3 billion for its second quarter ended Feb. 13, an increase of 5.3% from the second quarter of fiscal 2015. Same-store sales increased 3.6% for the quarter. Net income for the quarter increased 8% over the same period last year to $228.6 million, while diluted earnings per share increased 14.2% to $7.43 per share from $6.51 per share in the year-ago quarter.
\r\n\t
\r","showSummary":null,"url":"/news/autozone-moves-fast-lane-q","date":"2016-03-01T00:00:00","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":56833,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39713.jpg?itok=5XGitoaV","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Ross Stores beats Q4 estimates; cautious about 2016","id":54427,"bundle":"article","summary":"
Ross Stores reported strong results for its fourth quarter. But similar to many other retailers, the off-price retailer sounded a cautious note with regards to sales and earnings for its new fiscal year.
\r\n\t
\r\n\tRoss on Tuesday reported earnings per share for the fourth quarter ended January 30, 2016 of $.66, up 10% from the prior year, on net earnings that rose 6% to a better-than-expected $264 million.
\r\n\t
\r","showSummary":null,"url":"/news/ross-stores-beats-q-estimates-cautious-about-01","date":"2016-03-01T00:00:00","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":56881,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39731.jpg?itok=DLI5dhi2","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Report: Sports Authority may sell stores to Dick's Sporting Goods","id":54447,"bundle":"article","summary":"
Sports Authority Inc., which is reportedly preparing to file for bankruptcy, has discussed selling stores and intellectual property to rival chain Dick’s Sporting Goods Inc. and other parties, according to Bloomberg.
\r\n\t
\r\n\tSports Authority, once the largest sporting-goods retailer in the U.S., is heading toward default after years of losing ground to competitors. The Englewood, Colorado-based chain missed a Jan. 15 interest payment on some of its debt and failed to make the payment during a 30-day grace period.
\r\n\t
\r","showSummary":null,"url":"/news/report-sports-authority-may-sell-stores-dicks-sporting-goods","date":"2016-03-01T00:00:00","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":56827,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39711.jpg?itok=KsTCYlrK","width":600,"height":400,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]}]},"title":"FINANCE","contentParagraphs":null,"sections":null};
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FINANCE
-
Shoppers stay away from Ann Taylor, Justice over holidays
Ascena says its second quarter revenue got a big boost from the acquisition of Ann Inc., but same-store sales declined sharply during the period.
For the second quarter ended Jan. 23, the companyreported a net loss of 12 cents per diluted share compared to net income of 5 cents per diluted share in the same period of fiscal 2015.Net sales were $1.842 billion compared to $1.289 billion last year, with the increase driven by the acquisition of Ann Inc. Second quarter total comparable sales were down 6%.
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