Strategy

NEW YORK — New York & Company reported that net sales for the fourth quarter were $291.8 million, as compared with $271.8 million in the year-ago period. 

Comparable-store sales increased 2.3% compared with a decrease of 6.3% in the prior year fourth quarter.

Net income increased to $10.5 million, or 17 cents per diluted share. This compares with a net loss in the prior year fourth quarter of $10.9 million, or 18 cents per diluted share.

WARRENDALE, Pa. — Teen apparel retailer Rue21, opened its 900th store on March 21 in the Southern Hills Shopping Center of West Plains, Mo. The 5,000 sq. ft. store is the company's 21st location in that state.

New York -- Tiffany & Co.’s fourth-quarter net income inched up 0.7%, but its results still topped analysts’ predictions as strong demand in Asia helped to offset domestic weakness. The company also offered an annual sales outlook that topped analysts' estimates, citing its strong prospects in most Asian markets.
    
For the quarter ended Jan. 31, Tiffany earned $179.6 million, compared with $178.4 million in the year-ago period. Revenue increased 4% to $1.24 billion.
     

That old expression about everything being bigger in Texas was given more credence today with the grand opening of a 40,000-sq.-ft. Golfsmith superstore in Houston.

The store, one of 10 planned openings for 2013, is what the company calls its Xtreme format. The new location in the west Houston suburb of Katy gives the company five Houston locations, 13 stores throughout Texas and more than 150 locations nationwide.

By Kris Bjorson, [email protected]

Bossier City, La. -- Covington, La.-based Stirling Properties said that it has been retained to provide comprehensive property and construction management and office leasing services for Louisiana Boardwalk, a 562,250-sq.-ft. retail/mixed-use development on the waterfront of Bossier City, La.

Garrison Investment Group of New York City recently acquired Louisiana Boardwalk and will re-launch the retail center as The Outlets at Louisiana Boardwalk.

Camp Hill, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust announced that DSW has opened a 17,500-sq.-ft. store at PREIT’s Capital City Mall property, located in Camp Hill, Pa.

The mall completed the space for DSW — the retailer’s first in the area — by building on an additional 5,000 sq. ft.

New York -- In another sign that British retail giant Tesco is reconsidering its U.S. Fresh & Easy division, the company sent an email sent to shoppers in which it acknowledged that the grocer doesn't know "if Tesco will continue to own the company," the Los Angeles Times reported.
 
Fresh & Easy spokesman Brendan Wonnacott said that Tesco is still reviewing its American chain, and will make an update in April as part of the company's full-year results, the report said.