Finance & Capital Management

Columbus, Ohio – Lane Bryant opens two new stores in Marlton, N.J., and Odessa, Texas on March 28. The New Jersey store is located at Willow Bridge Plaza and the Texas store is located at Chimney Rock.

Lane Bryant operates 775 stores nationwide and also operates an e-commerce site.

Cortre Madera, Calif. – Restoration Hardware Holdings Inc. (RH) swung to a profit in the fourth quarter of fiscal 2013 amid ongoing sales growth. The retailer posted net earnings of $26.64 million, compared to a net loss of $28.36 in the year-ago period.

Net revenues grew 18.5% to $471.69 million, from $398.05 million. Same-store sales grew 17%.

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PetSmart CEO David Lenhardt was joined by Lt. Governor Jim Cawley of the Commonwealth of Pennsylvania and Congressman Charlie Dent (PA-15) at the grand opening of PetSmart’s new distribution center (DC) in Berks County, Pa.

This DC will bring an estimated 500 jobs to Berks County by the end of 2016. The 870,000-sq.-ft. facility will serve 25% of PetSmart’s stores in 11 states, handling and delivering consumables, hard goods and fish to 170 PetSmart stores in 2014 and more than 260 stores by 2015.

Washington, D.C. – U.S. retailers reportedly have $300 million in refunds with ocean freight vendors, yet they are unaware of this because of invoice errors by their ocean freight transportation providers. According to a report from ocean freight auditing service Ocean Audit, problems with infrastructure of ocean freight carriers are also part of the issue.

Finish Line chairman and CEO Glenn Lyon said the company’s successful execution of its consumer-centric omnichannel strategy drove solid gains in its core business and that growth initiatives contributed meaningfully to its record full-year revenue and profits.

The company reported net income of $42.75 million during the fourth quarter, up 28% from $33.47 million in the year-ago period. Net sales climbed 17% to $518.87 million from $442.68 million and same-store sales increased 6.3%.

New Lululemon CEO Laurent Potdevin said 2014 is a year for investing, strengthening the company’s foundation, reigniting its product engine and accelerating sustainable and controlled global expansion.

Indianapolis – The Finish Line Inc. reported net income of $42.75 million during the fourth quarter of fiscal 2014, up 28% from $33.47 million in the year-ago period.

Net sales grew 17% to $518.87 million from $442.68 million and same-store sales rose 6.3%. Finish Line credited its omni-channel strategy, among other factors, as driving its impressive quarterly performance.