-
J.Crew opening 46 stores in 2013; to make European debut in London
New York -- J.Crew Group Inc. expects to open 46 stores in 2013, company officials said during its quarterly conference call.
The specialty retailer will open 17 Madewell stores, 13 factory outlet units and 16 namesake locations, including its first-ever store in Europe, in London.
For the fourth quarter, J.Crew’s earnings were up 18% to $70.4 million. Same-store sales rose 11%. -
Claire's fashions a Q4 comps increase
CHICAGO — Claire's Stores reported net sales of $493.4 million for the fiscal 2012 fourth quarter, an increase of $58.5 million, or 13.4% compared with the fiscal 2011 fourth quarter.
During fiscal 2012 fourth quarter, the company entered two new countries, opening three stores in China and two stores in Italy.
Consolidated same-store sales increased 5.4% for the quarter, with North America same-store sales increasing 5.9%, and Europe same-store sales increasing 4.4%.