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Claire's expects to end year on high sales note
CHICAGO — Fashion jewelry retailer Claire's Stores said that it expects to report a 13.4% spike in net sales to $493 million for the fourth quarter over the same period last year, thanks in part to an additional week of net sales and a comparable-store sales increase of 5.4%.
For the full year, Claire's expects to report net sales of $1.6 billion for fiscal 2012, an increase of 4.1%, compared with fiscal 2011.
Consolidated same-store sales increased 1.8% for the fiscal year.
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Walmart U.S. CFO to share ‘Bigg’ picture
Brett Biggs, Walmart U.S. CFO, will share his views on the company’s performance during an upcoming Doing Business in Bentonville meeting.
Bigg’s is slated to speak at the event scheduled for 7 a.m., March 13 in Rogers, Ar., and could have some interesting things to say given the timing of the event. Walmart is due to report fourth quarter and full year results next week on February 21 and then on March 7 the company hosts a two day event in Orlando for store managers and suppliers where new initiatives tend to be unveiled.