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Finish Line Q4 profit up 12%
Indianapolis -- The Finish Line said Thursday that its fourth-quarter profit rose 12% with strong same-store sales.
The company reported net income of $34.3 million in the quarter that ended Feb. 26, compared with $30.6 million a year earlier.
The Finish Line said that excluding a charge for writing down the value of stores.
Revenue rose 2.7% to $384.6 million. Same-store sales rose 4%.
The company said operating margins were 9% close to its goal of double-digit margins for the full year.
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Alliance Data’s LoyaltyOne business signs agreement with The Children’s Place
Dallas -- Alliance Data Systems Corp., a provider of loyalty and marketing solutions derived from transaction-rich, announced that its Canadian coalition loyalty business has signed a national agreement with The Children's Place Retail Stores.
The agreement provides for The Children's Place to participate as a national sponsor in the Canadian Air Miles Reward Program and issue reward miles across Canada. Previously, The Children's Place launched a seven-month Air Miles pilot initiative in Alberta and British Columbia.