Skip to main content

Financial/Banking

  • Dillard's profit surges 85%

    Little Rock, Ark. -- Dillard’s Inc. reported Friday that profit for the quarter ended Oct. 29 soared a record 85% to $26.6 million, compared with $14.4 million in the year-ago period. Strong comps and contained expenses propelled the strong performance.

    Revenue rose to $1.38 billion, from $1.34 billion, beating Wall Street’s expected $1.36 billion in sales. Same-store sales increased 5%.

  • Body Central Corp. profit doubles in Q3, on track to open 33 new stores

    Jacksonville, Fla. -- Body Central Corp., which operates under the Body Central and Body Shop banners, reported Friday that net income for the third quarter more than doubled to $2.8 million, from $1.3 million a year earlier.

    Total revenue rose 18% to $67.1 million, compared with $56.9 million a year ago. Results were boosted by a 21.2% increase in store sales. Same-store sales rose 8.2%.

    The company opened five new stores during the third quarter and is on track to open 33 new stores in 2011.
     

  • Jones Lang LaSalle to lease and manage Grande Promenade

    Charlotte, N.C. -- Atlanta-based Jones Lang LaSalle announced that USA Grande Promenade Management chose the firm to lease and manage Grande Promenade, a 202,000-sq.-ft., multi-level, mixed-use property in Charlotte, N.C.

    The new assignment brings Jones Lang LaSalle’s retail portfolio in North Carolina to nearly 1.4 million sq. ft. of space.

  • SpendTrend report: Card spending growth strong in October

    Atlanta -- A report released Thursday by First Data Corp., which tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations, found that, in October, dollar volume growth held steady at 9.4% versus September’s growth of 9.5%.

    Overall transaction growth improved to 7.5% in October from 7.1% in September. Inflation continued to be evident in the food sector as Food/Beverage Stores posted average ticket growth of 2.3% for the second consecutive month.

  • 99 Cents Only profit up 17% in Q2, on track to open 12 stores in second half

    City of Commerce, Calif. -- Discounter 99 Cents Only Stores reported Wednesday that profit for the second quarter rose 17% to $15.1 million, compared with $12.9 million a year earlier.

    Revenue rose 8.8% to $363 million, beating analysts’ expected $357.3 million. Same-store sales increased 6.7%.

  • PriceSmart's Q4 profit dips 4%

    San Diego -- PriceSmart Inc. reported Thursday that profit for the fourth quarter dipped 4% to $12.7 million from $13.2 million a year earlier, as higher costs offset stronger sales.

    The wholesale club operator’s total revenue surged 22% to $447.4 million. Same-store sales rose nearly 19% in October.

  • Nordstrom Q3 profits climb 6.7%

    Seattle -- Nordstrom Inc. reported Thursday that profit for the quarter ended Oct. 29 rose 6.7% to $127 million, compared with $119 million in the year-ago period.

    Net sales rose 14.2% to $2.4 billion, surpassing Wall Street’s expected $2.35 billion and up from $2.1 billion a year earlier.  Same-store sales climbed 7.9%.

    The company opened two full-line department stores – in Nashville and St. Louis -- and nine Nordstrom Rack stores during the quarter.
     

  • Cabela’s rolling out PayItFast service for in-store payment processing

    Sidney, Neb. -- Cabela's and US Dataworks announced the introduction of PayItFast for accepting Cabela's Club Visa card payments in all Cabela's U.S. stores.

X
This ad will auto-close in 10 seconds