Footwear

NEW YORK — Foot Locker's fourth quarter profit rose to $104 million from $81 million a year earlier.

Sales jumped 14% to $1.71 billion, including the benefit of an extra week. Same-store sales rose 7.9%.

For fiscal year 2012, which included 53 weeks, the company reported net income of $397 million, compared to $278 million a year earlier.

Total sales increased 9.9% in 2012 to $6.182 million, compared with sales of $5.623 million last year. Same-store sales were up 9.4% in 2012.

Pittsburgh -- Dick's Sporting Goods Inc. on Monday forecast a full-year profit for the current fiscal year that was less than expected, and also revealed it will debut a new retail concept in fiscal 2013 under the Field & Stream banner.
 
In 2013, the company said it will open two Field & Stream stores, 40 Dick’s Sporting Goods stores, one Golf Galaxy store and two True Runner locations. The chain also plans partial remodels of 75 existing Dick’s stores.
   

Dick’s Sporting Goods fell three cents short of analysts’ profit forecast in the fourth quarter thanks to a 1.2% same store sales increase partially caused by unseasonably warm weather and soft sales of big ticket items.

Sales for the 14 week period ended February 2, increased 12% to $1.8 billion compared to the 13 week period the prior year. The company’s consolidated same store sales increase of 1.2% was driven by a 54.2% increase in online sales, offset by a 2.2% decrease at Dick's Sporting Goods stores and a 1.3% increase at Golf Galaxy stores.

New York -- Foot Locker Inc. on Friday said its fourth quarter profit rose to $104 million from $81 million a year earlier.

Sales jumped 14% to $1.71 billion, including the benefit of an extra week. Same-store sales rose 7.9%.

For fiscal year 2012, which included 53 weeks, the company reported net income of $397 million, compared to $278 million a year earlier.

Total sales increased 9.9% in 2012 to $6.182 million, compared with sales of $5.623 million last year. Same-store sales were up 9.4% in 2012.

NASHVILLE, Tenn. — Genesco, a specialty retailer of sports apparel and accessories reported fourth quarter earnings of $38.7 million, or $1.63 per diluted share, compared with earnings from continuing operations of $41.5 million, or $1.72 per diluted share, for the same period last year.

Ewing, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said Wednesday that Dollar Tree will open a store at Capitol Plaza, located in Ewing, N.J. The 13,810-sq.-ft. store is slated to open in the spring.
 
As well, a newly expanded Center for Allied Health & Nursing Education will celebrate its grand reopening at Capitol Plaza in March. The nursing school will be renamed Jersey College School of Nursing; it tripled its space to 30,000 sq. ft. in the shopping center, which is leased and managed by Levin.
 

COLUMBUS, Ohio — DSW Inc. has launched Luxe810.com, a new website located at dsw.com/luxe810 that offers top luxury brands at up to 50% off. The Luxe810 assortment includes shoes, handbags, jewelry, and other accessories for men and women.  Among the brands featured on the site are Gucci, Prada, Bottega Veneta, YSL, Sergio Rossi, Marc by Marc Jacobs, Pucci, Giuseppe Zanotti and more. 

City of Industry, Calif. -- Hot Topic announced it has agreed to be acquired by New York-based private equity firm Sycamore Partners for $14.00 per share in cash, or a total of approximately $600 million.

The agreement, unanimously approved by Hot Topic’s board of directors, represents a premium of approximately 30% over Hot Topic’s closing stock price on March 6, 2013.