Retail

New York City -- Coach reported Tuesday that net income for the quarter ended Jan. 1 rose a better-than-expected 26% to $303.4 million on strong sales, compared with $240.1 million in the year-ago period.

The company credited a rebound in U.S. luxury spending, as well as soaring holiday sales in China for the strong performance.

Sales leaped 18.7% to $1.26 billion, boosted by a same-store sales increase of 12.6% in North America.

On average, Wall Street expected revenue of $1.21 billion.

DALLAS -- Tuesday Morning reported that net income for the quarter ended Dec. 31 was $17.3 million, compared with $18.5 million in the year-ago period.

Net sales decreased 3.6% to $279.3 million from $289.6 million. Same-store sales decreased 3.2%.

According to Kathleen Mason, president and CEO: "We anticipate that we will return to positive comparable sales for the remainder of the fiscal year.” Tuesday Morning reported four consecutive quarters of same-store sales growth prior to the second quarter.

Columbus, Ohio -- DSW said Monday it has appointed Christopher Lanning as senior VP and general manager of the retailer’s Leased Business Division.

Lanning will be responsible for managing DSW's existing leased business client base and developing new account relationships. DSW currently operates 353 shoe departments in conjunction with leased business partners, which include Steinmart, Gordmans, Filene's Basement and Frugal Fannie's.

Dallas -- Tuesday Morning Corp. said Monday that net income for the quarter ended Dec. 31 was $17.3 million, compared with $18.5 million in the year-ago period.

Net sales decreased 3.6% to $279.3 million from $289.6 million. Same-store sales decreased 3.2%.

According to Kathleen Mason, president and CEO: "We anticipate that we will return to positive comparable sales for the remainder of the fiscal year.” Tuesday Morning reported four consecutive quarters of same-store sales growth prior to the second quarter.

Charlotte, N.C. -- Crosland has announced new openings and tenant signings at various third-party managed and leased retail centers throughout the Charlotte, N.C., area.

Ruby’s Gift opened a 1,323-sq.-ft. store at Colony Shops in early December, the retailer’s third Charlotte location.

Om Spa Chiropractic & Wellness is relocating its business from The Arlington to the newly renovated The Villa shopping center, and is slated to open the 3,048-sq.-ft. facility in January.

New York City -- TF Cornerstone said it has signed a 10-year, approximately 3,500-sq.-ft. lease with Bakehouse at 113 Horatio Street, in the Meatpacking District of New York City.

In addition to the ground floor, the bakery will occupy approximately 3,500 sq. ft. of the building’s basement and will primarily be wholesaling cakes and pastries to the hotel and restaurant industry. The space will also be built out to accommodate a café/bakery and a French bistro-style restaurant which is anticipated to open this spring.

Ann Arbor, Mich. -- Borders Group said Monday that it is selling its kiosk business Day by Day Calendar Co. for an undisclosed sum.

The sale involves 420 kiosk retail outlets, which will be purchased by Calendar Holdings LLC, based in Texas.

According to the Detroit News, the sale could provide Borders with cash while the company works with creditors to restructure its debt.

WASHINGTON --The National Retail Federation announced that it welcomed the focus on job creation and the economy expected in President Obama’s State of the Union Address.