Strategy

Solihull, England -- Visitor analytics provider Experian FootFall said Thursday that Black Friday’s retail performance isn’t necessarily an indication of how the holiday season will fare.

Secaucus, N.J. -- The Children's Place Retail Stores reported Thursday that net income increased to $33.7 million for the quarter ended Oct. 29, up from $31.2 million a year earlier.

Sales rose 7% to $484.1 million from $453.4 million. Same-store sales edged up 0.9%.

Hoffman Estates, Ill. -- Sears Holdings Corp. reported Thursday that its loss widened in the third quarter on softness in its Canada division and on weaker consumer electronics sales.

The operator of Sears and Kmart recorded a loss of $421 million in the quarter ended Oct. 29, compared with a loss of $218 million a year earlier.

Revenue slipped 1% to $9.57 billion from $9.68 billion, missing the $9.63 billion expected by Wall Street, and marking the fourth straight quarter of revenue declines.

Kearney, Neb. -- Teen retailer The Buckle Inc. reported Thursday that profit surged 11% to $38.3 million for the third quarter, compared with $34.4 million in the year-ago period.

Online sales increased 25.4% in the quarter. Total revenue climbed 12% to $273.4 million, beating Wall Street’s expected $272.1 million. Same-store sales rose 9.1%.
 

COLUMBUS, Ohio — Limited Brands reported that adjusted earnings per share for the third quarter ended Oct. 29 increased 39% to 25 cents compared with earnings per share of 18 cents for the quarter ended Oct. 30, 2010, which exclude an income tax benefit in 2011 of $16.7 million, or 6 cents per share. Third quarter operating income was $186.1 million compared with operating income of $149.1 million last year, and adjusted net income was $77.6 million compared to net income of $61.3 million last year.

Cleveland -- CenterMark Development said it has signed a lease with Deal$, a division of Dollar Tree, to occupy an 11,000‐sq.-ft., former Easttown Eagle Market building in the Glenville neighborhood of Cleveland.

CenterMark purchased the long‐vacant building in October and said it expects to complete the rehabilitation by the spring of 2012. A grand opening is expected during the second quarter following interior improvements by Deal$.
 

HOFFMAN ESTATES, Ill. — Sears Holdings remains positive about its future despite reporting a wider loss for the third quarter and comps declines across its retail segments. The company reported a net loss of $421 million, or $3.95 per diluted share, for the third quarter of 2011, compared with a net loss of $218 million, or $1.98 loss per diluted share, in 2010. 

Indianapolis -- Simon Property Group announced a joint venture with Woodmont Outlets and EWB Development to develop, lease and manage St. Louis Premium Outlets, a new upscale outlet center in Chesterfield, Mo. 

The new outlet center, which was announced in October as Spirit of St. Louis Outlets, will be comprised of 55 acres and will anchor Chesterfield Blue Valley, a mixed-use development to include office space, hotel, restaurant and entertainment venues.