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Finish Line Q2 profit rises 24%
Indianapolis -- The Finish Line reported Thursday that net income for the quarter ended Aug. 27 rose 24% to $20.9 million, compared with $16.8 million in the year-ago period.
Sales rose 10% to $331.5 million, beating Wall Street’s expectations of $321.9 million, and same-store sales surged 11%.
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Report: Sears pushes to lease space to outside retailers
Hoffman Estates, Ill. -- A Friday report by Wall Street Journal said that Sears Holdings Corp. is in an active push to lease surplus space to other retailers. Its real estate division has listed on its website some 4,000 of its namesake and Kmart stores that have space for other merchants or retail operations to lease.