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  • Limited Brands Q1 net income up 47%

    Columbus, Ohio -- Limited Brands reported Wednesday that strong sales boosted its first-quarter profit to $165.2 million, up 47% over its prior-year profit of $112.5 million. The company warned that rising costs will hurt its margins this year.

    The parent of Bath and Body Works, Victoria's Secret and La Senza previously reported a revenue increase of 15% to $2.22 billion. Same-store sales rose 15%.
     

  • TWE cuts quarterly losses

    ALBANY, N.Y. — Trans World Entertainment reported a 78% improvement in net loss to $2.5 million, or 8 cents per share, for the first quarter as compared with a net loss of $11.4 million or 36 cents per share for the same period last year.    

    For the first quarter, total sales decreased 16% to $131.5 million compared with $156.5 million in 2010.  Comparable-store sales for the quarter decreased 2%.   During the quarter, the company operated an average of 451 stores compared with 548 stores last year, a 17.7% decline.  

  • PetSmart records 28% profit gain in Q1, beats Street

    Phoenix -- PetSmart reported Wednesday that net income in the first quarter rose 28% to $70.9 million, compared with $55.6 million in the year-ago period. Results beat Wall Street expectations.

    Revenue increased almost 7% to $1.49 billion, from $1.40 billion in the previous year. Same-store sales rose by 5%.

  • GameStop profit rises 6.9% in Q1

    Grapevine, Texas -- GameStop Corp. reported Thursday that fiscal first-quarter profit rose 6.9% to $80.4 million, compared with $75.2 million a year earlier.

    Overall sales rose 9.5% to $2.28 billion, while same-store sales increased 5.3%.

  • New York & Co. narrows loss in Q1

    New York City -- New York & Co. reported Thursday a loss of $3.7 million in the first quarter, compared with a loss of $4.9 million a year ago.

    Sales rose to $239.4 million from $237 million. Same-store sales increased 2.5%.

    The company said it expects to close eight stores and remodel six existing locations, ending the second quarter of fiscal year 2011 with 545 stores, including 24 outlet stores.

  • BJ’s Q1 profit beats plan

    Westborough, Mass. -- BJ’s Wholesale Club reported Wednesday that profit for the quarter ended April 30 rose to $33.7 million, beating its guidance range of $29.5 million to $31.5 million.

    Net sales for first quarter 2011 increased 10% to $2.77 billion and same-store club sales rose 6.3%.

  • NRF launches advocacy campaign to preserve swipe-fee reform

    Washington, D.C. -- The National Retail Federation Wednesday launched a major nationwide 60-day lobbying, grassroots and media campaign aimed at ensuring that a new federal law saving retailers and their customers more than $1 billion a month by lowering “swipe” fees banks charge to process debit-card transactions takes effect in late July as scheduled.

  • Chico's reports 30% rise in Q1 profit

    Fort Myers, Fla. -- Chico's FAS said Wednesday that profit for the first quarter was $45.9 million, compared with $35.4 million in the year-ago period.

    Net sales increased 11.5% to $537.2 million, from $481.6 million in last year's first quarter. Consolidated same-store sales rose 7.7%.

    The operator of Chico’s, White House|Black Market and Soma Intimates said it anticipates opening 21 net new stores in the May-June 2011 time frame.

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