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Bebe stores swings to loss in Q1
Brisbane, Calif. -- Bebe stores reported Friday a net loss of $2.6 million for the quarter ended Sept. 29, compared with net income of $2.4 million for the year-ago period.
Sales slipped 7.3% to $117.1 million from $126.3 million, and same-store sales dropped 8.7%.
During the quarter, the company opened five 2b stores and closed seven Bebe stores, and said it expects to open five Bebe stores and one 2b store in fiscal 2013 as well as close five Bebe stores and one 2b pop-up store. -
Harris Teeter swings to profit in Q4
Matthews, N.C. -- Harris Teeter Supermarkets reported Friday a profit of $22.8 million in its fourth quarter, compared with a loss of $8.9 million last year.
Sales edged up 3.7% to $1.14 billion, and same-store sales increased 3.01%.
The grocer has introduced a new format and banner – 201central – that it is using as a platform to sell a global variety of wine, beer, specialty foods and other selected merchandise.
Plans for fiscal 2013 include 12 new stores and nine major remodels.