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Bebe posts Q4 loss
Brisbane, Calif. – Bebe Stores Inc. had a difficult second quarter of fiscal 2014, reporting a net loss of $5.5 million. Net sales declined 4.1% to $130 million, from $135.5 million reported for the second quarter a year ago. Same-store sales decreased 1.9%.
CEO Steve Birkhold acknowledged challenges, but cited sequential improvement in same-store sales and holiday sales, as well.
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Kirkland’s not immune to severe weather
Kirkland’s reported improved year-over-year net sales for the full fiscal year 2014 but a decrease in the fourth quarter, thanks to severe weather-related declines in traffic throughout December, which affected important weekend sales days.
Net sales increased 2.7% to $460.6 million during fiscal 2014, compared with $448.4 million the prior fiscal year, while same-store sales rose 0.5%.
During the fourth quarter, net sales decreased 4.2% to $156.1 million, compared with $162.9 million in the previous fourth quarter. Same-store sales were flat.