Marketing

Enhanced onmichannel capabilities were among the factors that incoming Foot Locker CEO Dick Johnson cited as contributing to the company’s increase in third quarter profits and same store sales.

Profits for the third quarter climbed to $120 million, or 82 cents per share, compared with profits of $104 million, or 70 cents per share, in the prior-year quarter. Third quarter same store sales increased 6.9% to $1.7 billion this year, compared with sales of $1.6 billion for the prior-year period.

Canton, Mass. – Destination XL posted a loss of $6.3 million in the third quarter of fiscal 2014, up from a loss of $4.1 million the same quarter a year earlier. Transition costs, including lease exits and pre-opening costs, contributed to the growing loss.  

New York - Foot Locker Inc. reported net income of $120 million in the third quarter of fiscal 2014, a 13% gain from $104 million in the year-ago period.  Higher pretax income aided Foot Locker’s profit growth.   Total sales increased 6.7% to $1.73 million, compared with $1.62 million in the year-ago period. Same-store sales rose 6.9%.  

The Children's Place has announced the appointment of Anurup Pruthi as senior vice president and chief financial officer effective Dec. 1.

  San Francisco – Williams-Sonoma Inc. surpassed Wall Street expectations with its profit and sales results for the third quarter of fiscal 2014. Earnings per share increased 17% to $0.68 from $0.58 in the same quarter the previous fiscal year.   Retail net revenues increased 3% to $556 million from $540 million, primarily driven by West Elm and Pottery Barn, partially offset by a decrease in Williams-Sonoma due to eight fewer stores  

Never underestimate the creativity of unscrupulous customers is the key takeaway for all retailers following Walmart’s effort to implement a liberal price match policy this week.

LYNDHURST, N.J. - Citizen Watch Company of America opened its first-ever global flagship, in Times Square, New York City.    The 1,300-sq.-ft. foot store is designed to appeal to amateur and serious watch enthusiasts alike, with interactive and hands-on displays and exclusive offerings, Multiple 360- degree cases allow for shopping from either side of the case and provide easy movement throughout the store.  

Irving, Texas - Net income increased 36% to $64 million in the third quarter of fiscal 2014 compared to $47 million in the same quarter last year at The Michaels Companies. A decrease in selling, general and administrative (SG&A) expenses helped boost profits. Net sales increased by 1% to $1.13 billion from $1.12 billion, while same-store sales decreased by 0.8%. Michaels plans to open two new stores in the fourth quarter of fiscal 2014.