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Talbots Q4 loss widens on higher charges, promotions
Hingham, Mass. -- Talbots Inc.’s fourth-quarter loss widened to $53.2 million for the period ended Jan. 28, not as bad as analysts expected, compared to a loss of $2.8 million in the year ago. Its results were pressured by restructuring and executive retirement costs, as well as increased mark-downs and promotions. The chain also forecast first-quarter revenue that missed analysts' expectations. Revenue for the quarter slipped 1% to $289.4 million from $292.6 million, but beat Wall Street's estimate of $267.9 million. Same-store sales were flat.
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Duckwall-ALCO sees slight sales boost in Q4
ABILENE, Kan. — Duckwall-ALCO Stores fourth-quarter net sales increased1% to $137.5 million, compared with the fourth quarter of fiscal 2011. Same-store sales, excluding fuel center sales, for the fourth quarter of fiscal 2012 decreased 0.6% to $133.4 million, compared with the fourth quarter of fiscal 2011. Net sales from continuing operations for fiscal year 2012 increased 4.4% to $482.8 million, compared with fiscal year 2011. Same-store sales, excluding fuel center sales, for fiscal year 2012 increased 3.0% to $467.7 million.