Financial/Banking

Miami -- Haagen Dazs and Gelosia are slated to open at The Palms at Town & Country, in Miami, in mid-November. Haagen Dazs will open a 960-sq.-ft. ice cream store, and Gelosia will open a 1,040-sq.-ft. location.

The Palms at Town & Country, owned by TIAA-CREF, being redeveloped by Flagler Development Group and managed by Jones Lang LaSalle Retail, is home to retailers such as Nordstrom Rack, Loehmann's, New York & Co., Marshall's, Men's Wearhouse, Publix and Shaq's 24 Hour Fitness.

New York City -- Foot Locker on Thursday reported a profit for its third quarter on stronger margins for the retailer.

The company said it earned $52 million for the quarter that ended Oct. 30. That compares with a loss of $6 million during the same period year earlier, when the company also had $22 million in impairment charges.

Revenue rose 5% o $1.28 billion. Same-store sales were up 8.1%.

York, Pa. -- ThThe Bon-Ton Stores reported Thursday that its loss for the third quarter widened to $6.3 million, compared with a loss of $4.2 million in the prior year.e Bon-Ton Stores reported Thursday that its loss for the third quarter widened to $6.3 million, compared with a loss of $4.2 million in the prior year.

Total revenue fell to $716.9 million from $722.6 million.
 

San Francisco -- Williams-Sonoma reported Thursday that net income for the third quarter rose to $36.5 million, up from $7.3 million.

The company, which runs Williams-Sonoma and Pottery Barn, also recorded a 12% revenue rise to $816 million, beating Wall Street expectations of $799.5 million.

Kearney, Neb. -- The Buckle reported Thursday that net income for the third quarter was $34.4 million, compared with a profit of $33.3 million a year earlier.

Net sales increased 5.2% to $243.3 million, from net sales of $231.2 million for the prior year.

Same-store sales edged up 0.5%.

Buckle currently operates 422 retail stores in 41 states.

Charlotte, N.C. -- The Cato Corp. reported Thursday that profit for the quarter ended Oct. 30 surged 123% to $6.7 million, compared with net income of $3 million for the third quarter ended October 31, 2009.

Sales increased 4% to $198 million, compared with $191 million for the year-ago period.

Same-store sales for the quarter increased 2%.

The retailer operated 1,281 stores in 31 states, compared with 1,291 stores in 31 states as of October 31, 2009.

Albany, N.Y. -- Trans World Entertainment Corp. reported Thursday that it recorded a loss of $16.1 million in the third quarter, compared with a loss of $22.3 million a year earlier.

Total sales dropped 20% to $128.8 million. Same-store sales decreased 5%.

The company, which owns the f.y.e. (For Your Entertainment) chain of music stores, operated an average of 533 stores during the quarter, compared with 694 in the same quarter last year, a 23% decline.

 

Grapevine, Texas -- GameStop Corp. reported Thursday that net earnings for the third quarter increased 4.8% to $54.7 million, from $52.2 million in the prior year quarter.

Total sales increased 3.5% to $1.90 billion.

U.S. segment same-store sales were 5.3%, while total company same-store sales increased 1.1%.

Year-to-date, GameStop has opened 156 net new stores: 89 in the United States; 47 in Europe; eight in Canada; and 12 in Australia/New Zealand. The video game retailer currently operates 6,606 stores in 17 countries.