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TRU plays up positives of otherwise lackluster Q4
WAYNE, N.J. — The decision to open fewer Express stores during the 2011 holiday selling season, along with a decline in comparable-store sales both in the United States and internationally, contributed to Toys“R”Us's fourth-quarter net sales decline of $47 million to $5.9 billion. On a positive note, the company's new ventures in Greater China and Southeast Asia have offset the sales decline.
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Shoe Carnival profit dips in Q4; to open 30 stores in 2012
Evansville, Ind. -- Shoe Carnival reported Thursday that net income for the quarter ended Jan. 28 dipped to $3.3 million, from $4.4 million. Sales edged up 1.1% to $181.9 million in the quarter, and same-store sales dropped 3%.
President and CEO Mark Lemond told investors that heavy promotional activities to rid the chain of cold-weather footwear after an unseasonably warm winter had a negative impact on margins.