Budgets/Spending/Market Size

Jacksonville, Fla. -- Stein Mart reported Thursday that net income for the quarter ended Oct. 30 was $4.3 million, compared with net income of $3.2 million a year earlier.

Net sales were $267.9 million, a decrease of 0.9% from $270.2 million in 2009. Same-store sales increased 0.3% for the quarter.

York, Pa. -- ThThe Bon-Ton Stores reported Thursday that its loss for the third quarter widened to $6.3 million, compared with a loss of $4.2 million in the prior year.e Bon-Ton Stores reported Thursday that its loss for the third quarter widened to $6.3 million, compared with a loss of $4.2 million in the prior year.

Total revenue fell to $716.9 million from $722.6 million.
 

Chesapeake, Va. -- Dollar Tree said Thursday that net income for the quarter ended Oct. 30 rose 37% to $93.2 million, from $68.2 million in the year-ago period.

Consolidated net sales for the third quarter were $1.43 billion, a 14.2% increase from $1.25 billion a year earlier. Same-store sales increased 8.7%.

During the third quarter, Dollar Tree opened 86 stores, expanded or relocated 27 stores, and closed two stores. The company currently operates 4,009 stores in 48 states.

Kearney, Neb. -- The Buckle reported Thursday that net income for the third quarter was $34.4 million, compared with a profit of $33.3 million a year earlier.

Net sales increased 5.2% to $243.3 million, from net sales of $231.2 million for the prior year.

Same-store sales edged up 0.5%.

Buckle currently operates 422 retail stores in 41 states.

Charlotte, N.C. -- The Cato Corp. reported Thursday that profit for the quarter ended Oct. 30 surged 123% to $6.7 million, compared with net income of $3 million for the third quarter ended October 31, 2009.

Sales increased 4% to $198 million, compared with $191 million for the year-ago period.

Same-store sales for the quarter increased 2%.

The retailer operated 1,281 stores in 31 states, compared with 1,291 stores in 31 states as of October 31, 2009.

Albany, N.Y. -- Trans World Entertainment Corp. reported Thursday that it recorded a loss of $16.1 million in the third quarter, compared with a loss of $22.3 million a year earlier.

Total sales dropped 20% to $128.8 million. Same-store sales decreased 5%.

The company, which owns the f.y.e. (For Your Entertainment) chain of music stores, operated an average of 533 stores during the quarter, compared with 694 in the same quarter last year, a 23% decline.

 

Miami -- Retailers are continuing to invest in sustainability initiatives, even during tough economic times, according to a new report by RSR Research entitled "Lean and Green: Sustainable Practices Are Changing Retail, Benchmark 2010.”