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  • The Retail M&A Market: Trends for 2013

    Mergers and acquisitions transaction activity in the U.S. retail sector jumped 39% in 2012 for deals greater than $50 million, while total deal value more than doubled. These gains point to an industry undergoing major changes, one that is attracting considerable interest from a wide range of players.

  • Brown Shoe swings to profit in Q4

    St. Louis -- Brown Shoe Co. reported Friday that net income of the fourth quarter was $4 million, compared with a loss of $8.2 million in the year-ago period.

    Sales rose to $640.2 million from $628.9 million.

    For full year 2012, profit edged up to $27.5 million from $24.6 million. Sales increased to $2.59 billion from $2.58 billion.

     

  • Aeropostale posts Q4 loss; will open 60 kids stores in 2013

    New York -- Aeropostale Inc. reported an unexpected loss for its fourth quarter, hurt by declining same-store sales and store asset impairment charges. The teen apparel chain also forecast a loss for the current quarter, citing markdowns and a weak economy.

    "We anticipate a challenging first quarter as a result of expected margin pressures from holiday carryover inventory, and the impact of a weak macroeconomic environment,” said Aeropostale CEO Thomas Johnson.

  • Citi Trends narrows loss in Q4

    Savannah, Ga. -- Citi Trends reported Friday a fourth quarter loss of $704,000, narrowed from a $5.3 million loss in the same period last year.

    Revenue slipped 2% to $175.7 million, meeting Wall Street forecasts. Same-store sales plummeted 11.8%.

     

  • Zumiez Q4 profit up 22%; 60 new stores planned for 2013

    Lynwood, Wash. -- Zumiez Inc. said Thursday its fiscal fourth quarter net income rose 22.1% to $22.9 million on improved sales.

    Revenue for the quarter, ended Feb.2, (14 weeks) increased to $224.4 million from $183.9 million in the year-ago period (13 weeks). Same-store sales fell 1%.

    Zumiez said it plans to open about 60 new stores in the current fiscal year, including up to 10 stores in Canada and six stores in Europe.

  • Christopher & Banks narrows Q4 loss

    Minneapolis -- Christopher & Banks Corp. narrowed its fiscal fourth-quarter loss as the company received a boost from an extra week of sales and cut costs.

    The retailer posted a loss of $4.1 million for the 14 weeks through Feb. 2, compared with a loss of $53.2 million in the 13 weeks the year before.

    Revenue was up 10%, to $116 million from $105.6 million. Same-store sales jumped 18.5%.

    Total expenses fell 25% to $120 million.

  • Earnings heat up at Hot Topic

    CITY OF INDUSTRY, Calif. — Teen retailer Hot Topic reported net income in the fourth quarter of $12.1 million, or 29 cents per share, compared with net income of $9 million, or 21 cents per share, for the fourth quarter of fiscal year 2011.

  • Kirkland's CEO to retire; Q4 results tops Street

    Nashville, Tenn. -- Kirkland's announced that Robert Alderson, the home decor retailer's long-time president and CEO, intends to retire at the end of fiscal 2013, or approximately Feb. 1, 2014.  

    In November, Kirkland's said that Alderson was taking a temporary medical leave of absence for six to eight weeks for a non-emergency medical procedure. Mike Madden, Kirkland's SVP and CFO, served as acting president and CEO during that time.

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