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Cache swings to profit in Q4
New York -- Fashion retailer Cache reported Thursday that net income for the fourth quarter ended Dec. 31 was $1.9 million, compared with a loss of $14.2 million the year-ago period.
Sales surged 12.5% to $62.9 million, from $55.9 million in the fourth quarter of fiscal 2010. Same-store sales increased 12.4%.
Year to date the company has closed 12 underperforming stores and said it expects to close five more stores and open two in fiscal 2012. -
The Chipmunks arrive at Walmart
LOS ANGELES, Calif. — Parents of "Alvin and the Chipmunks" fans may soon be heading to Walmart to snatch up items from the retailer's exclusive children's line from Fox Consumer Products. The launch of the collection coincided with the Blu-ray and DVD release of "Alvin and the Chipmunks: Chipwrecked" in Walmart stores on March 27.