Strategy

Wounded retailers have a tendency to take irrational actions which means Walmart could have its hands full this holiday season as Best Buy is looking desperate and has a new CEO at the helm.

Fort Worth, Texas -- Dallas-based Cypress Equities said that CD Ski & Sports will open its fifth Climate store, locating it at the West 7th mixed-use project in Fort Worth, Texas.

The new 4,221-sq.-ft. store is slated to open in late September.

Confectionary, food and beverage conglomerate Kraft Foods is selling part of its natural-food products line, Back to Nature, to private-equity firm Brynwood Partners.

While Kraft has sold two other brands to Brynwood, it’s keeping a minority stake — reported to be between a quarter and a half, according to Dow Jones— in the Back to Nature line, which currently includes crackers, cookies, granola and trail mixes that contain less-processed ingredients.

Columbus, Ohio -- Express Inc. reported a 25% increase in net income for the second quarter. But the retailer slashed its profit outlook for the year and said that same-store sales barely rose last quarter and that it expects about the same for the rest of the year.

Express earned $15.8 million for the quarter ended July 28, better than analysts expected, compared with $12.6 million in the year-ago period.

Revenue increased 2% to $454.9 million, short of the $467 million analysts had expected. Same-store sales inched up 1%.

New York -- Aeropostale announced that Emilia Fabricant will join the company as executive VP of the Aeropostale brand. She will be responsible for all aspects of design, merchandising and production for the brand.

On Aug. 17, Fabricant resigned as president of Bebe Stores, Prior to then, she served as president and chief merchandising officer of Charlotte Russe.
 

COLUMBUS, Ohio — Express Inc. reported a 25% increase in net income for the second quarter. But the retailer slashed its profit outlook for the year and said that same-store sales barely rose last quarter and that it expects about the same for the rest of the year.

Express earned $15.8 million for the quarter ended July 28, better than analysts expected, compared with $12.6 million in the year-ago period.

Revenue increased 2% to $454.9 million, short of the $467 million analysts had expected. Same-store sales inched up 1%.

PITTSBURGH — American Eagle Outfitters' income from continuing operations increased 62% to 21 cents per diluted share for the second quarter, compared with 13 cents per diluted share for the comparable quarter last year. Net income for the second quarter, which includes a loss from discontinued operations, was 9 cents per diluted share, compared with 10 cents per diluted share last year.

San Francisco -- Williams-Sonoma Inc. said its second-quarter net income rose 10%, fueled by double-digit sales growth at its Pottery Barn and West Elm stores. The results beat analysts’ expectations and the company also raised its profit and sales predictions for the full year.

For the quarter ended July 29, Williams-Sonoma earned $43.4 million, up from $39.3 million in the same period last year.