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Winter Holidays

  • Jos. Bank’s Q1 profit down 45%

    Hampstead, Md. -- JoS. A. Bank Clothiers’ net income for the first quarter of fiscal year 2013 fell 45% to $8.1 million, down from $14.8 million for the first quarter of fiscal year 2012.

    Total sales for the first quarter decreased 2.6% to $196.1 million from $201.4 million in year-ago period.

  • Cold weather chills Jos. Bank’s Q1 results

    HAMPSTEAD, Md. — JoS. A. Bank Clothiers’ reported net income for the first quarter of fiscal year 2013 of $8.1 million, a 45% fall from $14.8 million for the first quarter of fiscal year 2012.

    Total sales for the first quarter decreased 2.6% to $196.1 million from $201.4 million in year-ago period.

  • Tilly’s Q1 results ‘better than expected’

    IRVINE, Calif. — Tilly’s comparable store sales for March and April improved over February for the first quarter ended May 4, buoyed partly by the spring break and pre-Easter periods.

    The company’s total net sales were $109 million, an increase of 13% from $96,524 for the first quarter ended April 28, 2012. Comparable store sales, which include e-commerce sales, increased 1.1% compared to the first quarter of 2012. E-commerce sales were $12.6 million, an increase of 16% compared to the first quarter of 2012.

  • Tiffany shines as Q1 results beat Street

    New York -- Tiffany & Co.’s net income rose a better-than-expected 3% to $83.6 million in its first quarter, up from the prior year’s $81.5 million, boosted by sales improvement across all its regions, particularly Asia. Global same-store sales rose 8% during the quarter.

    The earnings bump came on a 9% worldwide net sales increase to $895 million. In the Americas region, total sales rose 6% to $408 million. Same-store sales rose 3% with relatively stronger growth in the New York flagship store.

  • Gatsby propels better-than-expected Q1 for Tiffany

    NEW YORK — Tiffany & Co.’s 175th anniversary and its Great Gatsby movie tie-in collection drove the jeweler’s better-than-expected financial results for the first quarter ended April 30, which included Valentine’s Day. 

    The jeweler had worldwide net sales of $895 million, an increase of 9% from $819,170 for the same period last year. On a constant exchange rate basis that excludes the effect of translating foreign currency denominated sales into U.S. dollars, worldwide net sales increased 13% and comparable store sales rose 8%.

  • Bad weather can’t hold back Home Depot Q1

    The Home Depot shrugged off bad weather, and thanks, in part, to a recovering housing market, the company reported first quarter sales of $19.1 billion, up 7.4% from last year's quarter, which had one less week. 

    On a like-for-like basis, comparable store sales for the first quarter were positive 4.3%. U.S. stores comps were positive 4.8%, also on a like-for-like basis.

  • Deloitte: Stable economic fundamentals keep consumer spending outlook on track

    New York -- The Deloitte Consumer Spending Index (Index) dipped slightly in April, primarily due to an increase in the tax rate, while other economic fundamentals remain steady. The Index tracks consumer cash flow as an indicator of future consumer spending.

  • Kohl’s Q1 profit falls 5% but beats Street

    Menomonee Falls, Wis. -- Kohl's Corp. reported a 5% drop in first-quarter profit on weak sales fell due to unseasonably cold weather in large parts of the United States.

    Kohl's net income fell to $147 million in the quarter ended May 4, down from $154 million a year earlier.

    Sales fell 1% to $4.2 billion. Comparable-store sales fell 1.9%.

  • Mother Nature unkind to Kohl’s in Q1

    Kohl's Corp. reported a 5% drop in first-quarter profit on weak sales due to unseasonably cold weather in large parts of the United States.

    Kohl's net income fell to $147 million in the quarter ended May 4, down from $154 million a year earlier.

    Sales fell 1% to $4.2 billion. Comparable-store sales fell 1.9%.

  • Enstrom Candies tackles travel-size toffee

    Known for its “World Famous Almond Toffee,” Enstrom Candies is featuring three new flavors in a new impulse product line, featuring bite-size toffee for wholesale distribution.

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