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Men's Wearhouse narrows loss in Q4
Houston -- The Men's Wearhouse reported Wednesday a loss of $14.1 million for the quarter ended Jan. 29, narrowed from a loss of $18.8 million in the year-ago period.
The retailer, which sells suits and rents tuxedos, offered a 2011 forecast of adjusted profit that would beat Wall Street projections.
Revenue increased 18.6% to $542.1 million. Same-store sales rose 4.3% on strong tuxedo-rental revenue. -
Kitchens and gardens shine at Home Depot
ATLANTA -- Home Depot's fourth quarter saw positive comp-store sales for the fifth straight period. Kitchens and gardens were among the highest-performing categories.
According to Home Depot's Craig Menear, EVP merchandising, the departments that outperformed the company average were kitchens, outdoor garden, indoor garden, electrical and tools.
Comparable-store sales for the company increased 3.9% for the three months ended Jan. 30. For stores in the United States, comp sales were positive 4.8%.