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Financial/Banking

  • International Payment Services – It’s Easier than You Think

    By Merrick Theobald, [email protected]

  • Foot Locker profit soars in Q2

    New York City -- Foot Locker reported Thursday that net income in the second quarter was $37 million, compared with $6 million in the year earlier period.

    Sales surged 16.3% to $1.3 billion this year, and same-store sales increased 11.8%. 
     

  • Wet Seal profit edges up in Q2

    Foothill Ranch, Calif. -- The Wet Seal reported Thursday that net income for the quarter ended July 30 rose to $2.2 million from $1.6 million.

    Sales rose to $148.8 million, compared with $131.5 million a year earlier.  Same-store sales increased 6%, the strongest second-quarter comps since 2005, according to the company.

    Looking ahead, Wet Seal said it plans to spend $17 million to $18 million in fiscal 2011 on construction of new stores or remodeling of existing stores upon lease renewals and/or store relocations.
     

  • Aeropostale posts huge profit decline in Q2

    New York City -- Aeropostale reported Wednesday that net income for its second quarter plummeted 93% to $2.94 million, from $43.6 million in the year-ago period.

    Sales declined 5% to $468.2 million and same-store sales dropped 14%.

    The company revised its third quarter forecast downward.

  • Liberty acquires 17% stake in Barnes & Noble for $204 million

    New York City -- Barnes & Noble revealed late Thursday that media conglomerate Liberty Media has acquired a stake in the bookseller for $204 million.

    The move, while celebrated by Barnes & Noble, is thought to be a disappointment for investors, who wanted the John C. Malone-controlled Liberty Media to buy Barnes & Noble outright. Liberty’s current investments include Starz Entertainment, home shopping channel QVC and the Atlanta Braves baseball team.

  • Hibbett Sports' Q2 profit rises 48%

    Birmingham, Ala. -- Hibbett Sports reported Friday that profit for the quarter ended July 30 surged 48% to $5.9 million, compared with $4 million a year earlier.

    Revenue rose more than 9% to $153.1 million, beating Wall Street’s projected $151.9 million in revenue.

     

  • PetSmart's net income rises 26% in Q2

    Phoenix -- PetSmart reported Wednesday that net income for its second quarter rose 26% to $61.2 million, up from $48.4 million in the year-ago period.

    Revenue increased 7% to $1.49 billion, matching Wall Street expectations.  Same-store sales grew 5%.
     

  • Casual Male Q2 profit up 17%

    Canton, Mass. -- Casual Male Retail Group reported Thursday that second-quarter net income surged 17% to $6.6 million, compared with $5.6 million a year earlier.

    Revenue increased 3.8% to $100.9 million in the period, surpassing Wall Street expectations of $99.5 million.

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