Strategy

SAN FRANCISCO  — Premier Retail Networks, a global leader in digital place-based media services, has announced that Jon Landa has been promoted to SVP sales for PRN’s West & Central regions. 

As PRN’s VP sales since June 2007, Landa has been responsible for direct clients and agencies on the West Coast. Before joining PRN, he served as VP national accounts at ReelzChannel. 

New York City – Aeropostale reported Thursday that net income for the first quarter decreased 64% to $16.4 million, compared to $45.4 million last year.

Revenue rose 1% to $469.2 million, from $463.6 million. Same-store sales decreased 7%.

The company opened nine Aeropostale and seven P.S. from Aeropostale stores, and closed one Aeropostale store during the quarter.

Kearney, Neb. -- The Buckle reported Thursday that net income for the first quarter rose to $33.5 million, compared with $30.1 million in the year-ago period.
 
Sales in the quarter ended April 30, 2011, increased 11.8% to $240.1 million. Same-store sales rose 8.1%. Online sales (which are not included in comparable store sales) increased 18.6% to $17.1 million.
 

CHESAPEAKE, Va. — Dollar Tree reported 34.4% year-over-year EPS growth for the first quarter of 2011. Earnings per diluted share for the first quarter were 82 cents, compared with earnings per diluted share of 49 cents reported for the quarter ended May 1, 2010, which included a non-recurring, non-cash charge of $26.3 million relating to a retail inventory accounting change in the first quarter 2010.

New York City -- Target Corp. plans to spend more than it had forecast this year on its entry into the Canadian market as it nails down more of the best retail locations sooner than expected.

The retailer said it will be able to “clarify” within weeks the number and locations of the first 100 to 150 stores it will open in Canada.

“We expect to close on higher value lease transactions sooner than expected,” Target CFO Doug Scovanner told analysts on a conference call Wednesday.

San Francisco -- Williams-Sonoma reported Thursday that net income for the quarter ended May 1 jumped 62% to $31.6 million, from $19.5 million a year earlier, topping company expectations.

Revenue rose 7.4% to $770.8 million, better than expected.

Same-store sales, which includes direct-to-consumer revenue, rose 9%. Same-store sales rose 3.1% at the namesake brand, 7.9% at Pottery Barn and a record 11% at Pottery Barn Kids.

COLUMBUS, Ohio — Limited Brands reported that adjusted earnings per share for the first quarter ended April 30, were 40 cents compared with adjusted earnings per share of 25 cents for the quarter ended May 1.  First quarter adjusted net income was $129.8 million compared with adjusted net income of $82.9 million last year, the company reported. 

Limited Brands reported that comparable-store sales for the first quarter increased 15%, and net sales were $2.217 billion compared to $1.932 billion last year.  

Fort Worth, Texas -- New York City-based Centro Properties Group said that fashion accessory retailer Charming Charlie will open a new store in Fort Worth, Texas.

The new 8,878-sq.-ft. store will open at the Centro-owned Trinity Commons shopping center.