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Athletic specialty retailer posts mixed Q4 results
Hibbett Sports posted fourth-quarter sales that missed predictions, even as earnings were in line with forecasts. Net sales for the 13-week period ended Jan. 28, increased 0.5% to $246.9 million compared with $245.7 million in the year-ago period. Same-store decreased 2.2%. Apparel and equipment both experienced declines in comparable store sales, while footwear continued to show stronger sales with a mid-single digit increase. -
Sears Hometown and Outlet Stores losses continue in Q4
Lower sales and store closures widened fourth quarter losses for Sears Hometown and Outlet Stores. The hardware, appliance and tool retailer reported its net sales for the quarter ended January 28, 2017, decreased $49.4 million, or 9.2%, to $488.9 million compared to fourth quarter 2015. The company blamed the loss on the impact of closed stores (net of new store openings) and a 4.1% decrease in comparable store sales.

