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Retail

  • Gap Q3 income falls 1%, sales up 2%

    San Francisco -- Gap said its third-quarter net income fell 1% to  $303 million for the period that ended Oct. 30. That compares with $307 million a year earlier.

    Revenue rose 2% to $3.65 billion, boosted by increases in online and international sales. Same-store sales were flat.

  • Hibbett profit soars on strong same-store sales

    Birmingham, Ala. -- Hibbett Sports said Friday its third-quarter profit jumped 43% as it posted another quarter of double-digit growth in same-store sales revenue. It also boosted its forecast for the year.

    The company reported net income of $12.6 million in the three months that ended Oct. 30, up from $8.8 million a year ago.

    Revenue rose nearly 15% to $167.4 million, from $145.9 million a year ago. Same-store sales rose 12.5%.

  • Report: Microsoft looking to open more stores

    New York City -- Microsoft on Thursday opened a store in Bellevue, Wash., close to its headquarters in Redmond.

    It is the company’s seventh store to date, but more expected, according to the Wall Street Journal. The company expects a “pretty aggressive roll-out schedule” of new stores next year, the report said.

  • Babies'R'Us introduces Japanese children's book inspired lifestyle brand

  • New theater opens at Nampa Gateway Center

    Nampa, Idaho -- Beachwood, Ohio-based Developers Diversified Realty Corp. said Thursday it has completed construction of the 52,000-sq.-ft. Edwards Nampa Gateway Stadium 12 Theater, now open at the Nampa Gateway Center, a 921,200-sq.-ft. shopping center in Nampa, Idaho.

  • Tractor Supply to open new DC

    Brentwood, Texas -- Tractor Supply Co., announced plans to open a regional distribution center in Franklin, Ky.

    The new 840,000-sq.-ft. distribution center, expected to be in operation by the end of 2011, will serve stores in the mid-eastern United States.

     

  • William Sonoma Q3 profit rises sharply

    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.

  • Stage Stores narrows loss in Q3

    Houston -- Stage Stores said Thursday it narrowed its fiscal third-quarter net loss to $6.9 million, from $7.3 million in the year-earlier quarter.

    Sales rose 2.1% to $331.9 million, from $324.9 million. The retailer is projecting that fourth-quarter same-store sales will rise 1% to 3%.

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