-
Havertys net income stays flat in Q2
Atlanta – A rising cost of sales kept net income at Havertys Inc. essentially flat at about $4.83 million during the second quarter of fiscal 2015. Profit stayed even despite net sales rising 7% to $187.73 million, from $175.13 million the same period a year earlier.
Same-store sales increased 4.8%. Havertys plans to open a net total of three new stores by the end of the fiscal year.
-
Saks to put best foot forward with new concept
New York -- Saks Fifth Avenue is going to open a freestanding store dedicated to a hot category.
The department store retailer plans to open a shoe store in Greenwich, Connecticut, in fall 2016, Women’s Wear Daily reported.
The store, whose name has not yet been revealed, will be located close to an existing Saks Fifth Avenue store, which will no longer sell shoes.
The new format will be modeled after Saks’ in-store 10022 shoe department, according to the report.
