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Crosland announces Charlotte-area openings
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.
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Coach beats Street as profit soars 26%
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.