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  • Ross Stores profit up 22% in Q1

    Pleasanton, Calif. -- Ross Stores said Thursday that profit for the quarter ended April 30 surged 22% to $173 million, compared with $142.3 million a year earlier.

    Sales increased 7% to $2.1 billion, and same-store sales rose 3% on top of a 10% gain in 2010.

  • Casual Male Q1 profit rises slightly, misses expectations

    Canton, Mass. -- Casual Male Retail Group reported Thursday that net income for the quarter ended April 30 edged up 1% to $4.2 million.

    Revenue increased 1% to $95.8 million from $95 million, missing Wall Street's estimate of $97.4 million. Same-store sales rose 2.2%.

  • Wet Seal profit soars in Q1

    Foothill Ranch, Calif. -- The Wet Seal reported Thursday that net income for the quarter ended April 30 rose to $8 million, compared with $3.1 million a year earlier.

    Revenue rose to $156 million from $137.8 million. Same-store sales increased 7%.

    Wet Seal said it expects eight net new store openings in 2011, with six net openings at Wet Seal and two at Arden B.
     

  • Limited Brands posts double-digit comps growth in Q1

    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.  

  • Williams-Sonoma's profit surges 62%

    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.

  • 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.

  • 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.

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