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Build-a-Bear swings to profit in Q3
St. Louis -- Build-A-Bear Workshop reported Thursday a profit of $0.9 million for the third quarter, compared with a loss of $1.4 million in the year-ago period.
Sales rose 3.1% to $95.4 million, and same-store sales increased 1.1%.
“We remain optimistic about our business and expect the ongoing implementation of our strategies to enable us to continue our positive performance,” said Maxine Clark, Build-A-Bear Workshop’s chairman and chief executive bear. International revenue surged 14%.
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Pet Supplies Plus executive chairman retires
FARMINGTON HILLS, Mich. — Pet Supplies Plus, the third-largest pet specialty retailer in the United States, announced that Harvey Solway, executive chairman of the company, is retiring effective Dec. 31.
Solway, 60, began his twenty-year career with Pet Supplies Plus as EVP and general counsel and served as the company's CEO from January 1993 through June 2011. Solway led PSP through its formative years and was instrumental in growing the business to its 92 corporate and 159 franchise stores today, the company reported.