-
Leslie's takes plunge with Phoenix prototype
The nation’s largest retailer of swimming pool supplies and equipment continued its march toward 1,000 units this month with five new locations in Florida and a new prototype near its Phoenix headquarters.
The privately held Leslie’s Poolmart chain opened four locations in Jacksonville and one in nearby St. Augustine, bringing its store count in Florida to 90 locations, or 10% of the company’s total store base of roughly 900 locations.
-
H&M posts 36% profit jump as it plans global expansion
Swedish retailer H&M, which has already made huge waves in the United States, is now eyeing even more global omnichannel expansion.
The company is planning to open 400 new physical stores, a new flagship in New York City’s Herald Square, and at least nine new online stores.
The retailer also reported results for the first quarter ended Feb. 28. H&M reported that net profit climbed 36% to 3.61 billion kronor ($423.2 million), versus a year-ago profit of 2.65 billion kronor ($311.9 million). Analysts were expecting a profit of 3.37 billion kronor.
