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  • The Buckle profit rises in Q4

    Kearney, Neb. -- The Buckle reported Thursday that net income for the quarter ended Jan. 29 rose to $49.5 million, compared with $42.1 million in the year-ago period.

    Sales rose 10.4% to $303.1 million, from $274.4 million.

    Same-store sales increased 6.3%.

    For the full year, The Buckle reported that net income rose to $134.7 million from $127.3 million in 2009. Yearly sales increased 5.7% to $949.8 million, from $898.3 million. Same-store sales edged up 1.2%.

  • Jo-Ann Q4 profit up 8.9%, will open 55 to 60 stores in 2011

    New York City -- Jo-Ann Stores reported Wednesday that net income for the quarter ended Jan. 29 rose 8.9% to $40.4 million, compared with $37.1 million in the year-ago period.

    Sales increased 3.6% to $624.1 million, just missing Wall Street’s expected $625.1 million. Same-store sales rose 2%.

    Chairman and CEO Darrell Webb said the fabric and crafts retailer plans to open 55 to 60 new stores and remodel 60 more this year.

  • Jobless claims in U.S. increase a more-than-expected 397,000 last week

    Washington, D.C. -- A report released Thursday by the U.S. Labor Department showed that jobless claims in the United States rose by 26,000 for the week ended March 5, to 397,000.

    Economists expected claims would climb to 376,000, according to a Bloomberg News survey. The total number of people receiving benefits in the prior week fell to the lowest since October 2008.

  • Report: Consumer confidence drops to lowest level in a month

    Washington, D.C. -- A report released Thursday showed that consumer confidence fell last week to the lowest level in a month, negatively impacted by rising fuel prices.

    The Bloomberg Consumer Comfort Index dropped to minus 44.5 in the week ended March 6, from the prior week’s minus 39.7, which was close to the highest in almost three years. Surging gas prices have left Americans concerned about personal finances.

  • Children’s Place Q4 profit falls, but beats view

    Secaucus, N.J. — The Children's Place Retail Stores Inc. said Wednesday its profit fell nearly 6% in the fourth quarter, but results topped expectations as the company cut costs.

    The retailer said its net income fell to $32.1 million in the three months ended Jan. 29, down from $34.1 million year ago. Revenue fell 2% to $453.2 million from $462.8 million in the prior-year period. Same-store sales fell 5.9%.

  • Bon-Ton Q4 income, sales up

     York, Penn. -- Bon-Ton Stores Inc. said Wednesday its fiscal fourth-quarter profit climbed 6%.

    The department store chain said its net income rose to $85 million for the period ended Jan. 29, up from $80.3 million a year earlier.

    Revenue edged up 1% to $1.03 billion from $1.02 billion.

    Revenue at stores open at least a year rose 0.8%.

    Bon-Ton Stores' annual net income was $21.5 million. In the prior year, it lost $4.1 million. 

  • At investor conference, Safeway outlines dividend plan

    PLEASANTON, Calif. — Safeway on Tuesday said that it expects to earn $1.60 to $1.80 per diluted share during the quarter, after the company's board approved a $1.1 billion dividend from Canada to the United States.

     The dividend, Safeway said during its 2011 investor conference, will be used to pay off $600 million of U.S. debt, and the company will use the remainder of the dividend for share repurchases.

  • Survey: St. Patrick’s Day spending should give retailers a boost

    Washington, D.C. -- Total spending on St. Patrick’s Day festivities is expected to hit $4.14 billion this, according to NRF’s 2011 St. Patrick’s Day Consumer Intentions and Actions survey, conducted by BIGresearch. The survey found that 52.4% of Americans will celebrate the Irish holiday, up from 45.2% last year and the most in the survey’s eight year history.

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