Finance & Capital Management

York, Pa. -- ThThe Bon-Ton Stores reported Thursday that its loss for the third quarter widened to $6.3 million, compared with a loss of $4.2 million in the prior year.e Bon-Ton Stores reported Thursday that its loss for the third quarter widened to $6.3 million, compared with a loss of $4.2 million in the prior year.

Total revenue fell to $716.9 million from $722.6 million.
 

Albany, N.Y. -- Trans World Entertainment Corp. reported Thursday that it recorded a loss of $16.1 million in the third quarter, compared with a loss of $22.3 million a year earlier.

Total sales dropped 20% to $128.8 million. Same-store sales decreased 5%.

The company, which owns the f.y.e. (For Your Entertainment) chain of music stores, operated an average of 533 stores during the quarter, compared with 694 in the same quarter last year, a 23% decline.

 

Closing the lid on a local Jack in the Box

Near my Baton Rouge, La., neighborhood is a Jack in the Box fast-food restaurant that, from all cursory indications, had appeared to be surviving the recession.

Pleasanton, Calif. -- Ross Stores reported Thursday earnings for the quarter ended Oct. 30 rose 16% to a record $121.4 million, compared with $105.1 million in the year-ago period.

Sales increased 7% to $1.874 billion, with same-store sales up 3% on top of a strong 8% gain in the prior year.

Secaucus, N.J. -- The Children's Place Retail Stores reported Thursday that net income for the third quarter dropped to $31.2 million, compared with net income of $38.2 million in the prior year.

Net sales declined 2.1% to $453.4 million, compared with $463.2 million in the third quarter of fiscal 2009.

Same-store sales decreased 5.7%.

Canton, Mass. -- Casual Male Retail Group said Thursday it swung to a profit of $0.3 million in the third quarter, compared with a loss of $1.4 million a year earlier.

Total sales edged up 1.4% to $89.9 million, and same-store sales increased 3%.

New York City -- New York & Co. said Thursday that net income for the quarter ended Oct. 30 was $1.9 million, compared with a per-share loss 11 cents in the year-ago period.

Net sales were $238.2 million in the quarter, up from $227.9 million a year earlier. Same-store sales rose 3.6%.

New York & Co. currently operates 579 stores in 43 states.

Jacksonville, Fla. -- Stein Mart reported Thursday that net income for the quarter ended Oct. 30 was $4.3 million, compared with net income of $3.2 million a year earlier.

Net sales were $267.9 million, a decrease of 0.9% from $270.2 million in 2009. Same-store sales increased 0.3% for the quarter.

Charlotte, N.C. -- The Cato Corp. reported Thursday that profit for the quarter ended Oct. 30 surged 123% to $6.7 million, compared with net income of $3 million for the third quarter ended October 31, 2009.

Sales increased 4% to $198 million, compared with $191 million for the year-ago period.

Same-store sales for the quarter increased 2%.

The retailer operated 1,281 stores in 31 states, compared with 1,291 stores in 31 states as of October 31, 2009.

Houston -- Stage Stores said Thursday it narrowed its fiscal third-quarter net loss to $6.9 million, from $7.3 million in the year-earlier quarter.

Sales rose 2.1% to $331.9 million, from $324.9 million. The retailer is projecting that fourth-quarter same-store sales will rise 1% to 3%.