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Loft expands footprint in Great White North
TORONTO — Loft will open four new store locations in Ontario, Canada, following the retailer's initial foray into the Great White North late last year at the Yorkdale Shopping Centre in Toronto.
The retailer also introduced e-commerce into its new Canadian market in March.
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Chico’s disappoints as Q1 profit slips 4.7%
Fort Myers, Fla. – Chico's reported a lower-than-expected profit of $51.1 million for the first quarter, excluding non-recurring acquisition and integration costs related to its Boston Proper acquisition, versus a profit of $54 million in year-ago period.
Sales rose 3% to $670.7 million, up 3% from $650.8 million last year. Chico’s, which operates its namesake stores, as well as the Soma Intimates and White House | Black Market chains, attributed much of this boost to the opening of 114 net new stores in the past year.