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Bebe reports Q2 loss
Brisbane, Calif. -- Bebe Stores reported a loss for its second quarter as bad weather cut into sales and it closed some stores.
The clothing company posted a loss of $2.7 million for the quarter compared with a profit of $2.4 million in the same period last year.
Revenue fell 2% to $132.7 million for the period that ended Jan. 1.
Same-store sales were flat for the quarter, compared with a drop of 22.5% a year earlier. -
J.C. Penney disappoints, Dillard’s shines in January
New York City -- Dillard’s was the clear winner in the department store category in January, posting a same-store sales increase of 6%, which edged results from both Macy’s and Saks.
J.C. Penney Co. was the big disappointment, as same-store sales dropped an unexpected 1.2%. A survey of analysts by Thomson Reuters produced a consensus estimate of same-store sales up 1.8%.
The retailer said January sales were impacted by lower levels of clearance inventory as well as by adverse weather conditions.