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  • Yard House and Elephant Bar to open at Northridge Fashion Center

    Northridge, Calif. -- Two new restaurants will join the tenant lineup at Northridge Fashion Center, located in Northride, Calif. The center will also add an outdoor amphitheater.

    Scheduled to open late in fall 2012, Yard House and Elephant Bar will join the center's restaurant row, which already features California Pizza Kitchen, Wood Ranch BBQ & Grill, Claim Jumper and Romano's Macaroni Grill.

  • Smooth sailing into Pier 1's first quarter

    FORT WORTH, Texas — Pier 1 Imports is about about its first-quarter prospects after reporting surges in both comps and revenue.

    The company said that its total revenue for the fourth quarter, ended Feb. 25, increased a better-than-expected 11.8% to $477 million. Same-store sales rose 10.3%.

    The chain said total revenue for the fiscal year ended Feb. 25 climbed 9.8% to $1.53 billion.

  • Pier 1 Q4 revenue tops expectations

    Fort Worth, Texas -- Pier 1 Imports Inc. said that its total revenue for the fourth quarter, ended Feb. 25, increased a better-than-expected 11.8% to $477 million. Same-store sales rose 10.3%.

    The chain said total revenue for the fiscal year ended Feb. 25 climbed 9.8% to $1.53 billion.

    The home décor retailer is upbeat about its first-quarter prospects.

  • Ascena Retail Group Q2 profit up 50%; opening 125 stores in fiscal 2012

    Suffern, N.Y. -- Ascenta Retail Group Inc., whose brands include Dressbarn, Maurices, and Justice, said its fiscal second-quarter profit rose 50% on higher sales. The company raised its earnings forecast for the current fiscal year.

    Ascena said that during the quarter ended Jan. 28 it earned $63.7 million, compared with $42.5 million in the same period a year before.

    Revenue during the quarter rose 15% to $862 million. E-commerce sales jumped 61% to $52 million in the quarter.

  • Seven is Target’s lucky number for 2012 fiscal year

    MINNEAPOLIS — What a way to begin the new fiscal year. Target reported a stunning 7% same-store sales increase in February that shattered the company’s guidance for a 4% gain thanks to unseasonably warm weather, which boosted shopper traffic and transaction sizes.

  • Macy’s shines, Kohl’s disappoints in February

    New York -- Results were mixed among the department store players in February, as Macy’s turned in a strong performance and Kohl’s missed expectations.

    For the month, Macy’s reported a same-store sales gain of 4.6%, beating the 3.5% rise anticipated by Wall Street. Online sales for the operator of Bloomingdale’s and its namesake banner surged 31.3%, boosting the same-store sales percentage advance. Total revenue in February increased 5.5% to $1.86 billion.

  • Discounters show strength in February

    NEW YORK — In a month that was solid overall, the discount sector showed its muscle, turning in a strong February same-store sales performance nearly across the board.

    After suggesting last week that sales had accelerated and returned to a pre-holiday pace, Target reported Thursday that same-store sales for the month rose 7%, beating Wall Street’s expected 5.2%. Total sales during the period rose 8% to $5.13 billion, boosted by strength in the food, healthcare and beauty categories. Accessories and apparel performed above average as well.

  • Discounters show strength in February; Target sales up 7%

    New York -- In a month that was solid overall, the discount sector showed its muscle, turning in a strong February same-store sales performance nearly across the board.

    After suggesting last week that sales had accelerated and returned to a pre-holiday pace, Target Corp. reported Thursday that same-store sales for the month rose 7%, beating Wall Street’s expected 5.2%. Total sales during the period rose 8% to $5.13 billion, boosted by strength in the food, healthcare and beauty categories. Accessories and apparel performed above average as well.

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