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Apparel

  • Destination XL Group profit falls; to open 230 DXL stores by 2016

    Canton, Mass. -- Destination XL Group reported Friday that net income for the quarter ended Feb. 2 dropped to $4.2 million from $33.5 million in the year-ago period, as the company continued its transition from Casual Male to Destination XL.

    Fourth-quarter revenue increased to $114.9 million, compared with $111.1 million last year, and same-store sales edged up 0.5%. By brand, DXL stores saw a same-store sales rise of 15% in the quarter, while Casual Male dipped 2.3%.

  • Brown Shoe swings to profit in Q4

    St. Louis -- Brown Shoe Co. reported Friday that net income of the fourth quarter was $4 million, compared with a loss of $8.2 million in the year-ago period.

    Sales rose to $640.2 million from $628.9 million.

    For full year 2012, profit edged up to $27.5 million from $24.6 million. Sales increased to $2.59 billion from $2.58 billion.

     

  • Citi Trends narrows loss in Q4

    Savannah, Ga. -- Citi Trends reported Friday a fourth quarter loss of $704,000, narrowed from a $5.3 million loss in the same period last year.

    Revenue slipped 2% to $175.7 million, meeting Wall Street forecasts. Same-store sales plummeted 11.8%.

     

  • Earnings heat up at Hot Topic

    CITY OF INDUSTRY, Calif. — Teen retailer Hot Topic reported net income in the fourth quarter of $12.1 million, or 29 cents per share, compared with net income of $9 million, or 21 cents per share, for the fourth quarter of fiscal year 2011.

  • Retail consultants named to Pep Boys board

    PHILADELPHIA — The Pep Boys – Manny, Moe & Jack has announced that Robert Rosenblatt and Andrea Weiss have joined its board of directors. With these appointments, Pep Boys has increased the current size of its board from seven to nine directors.

  • Hancock Fabrics sews up financial department with new CFO

    BALDWYN, Miss. — Hancock Fabrics has announced that James B. Brown will be joining Hancock Fabrics as EVP and CFO on March 18, reporting to Steve Morgan, president and CEO. Brown will oversee the areas of accounting-finance, loss prevention, IT, human resources, and in addition, will have oversight responsibility to the planning and allocation function.

  • Men’s Wearhouse narrows Q4 loss, K&G for sale

    Unable to recover from a slow start to the fourth quarter, Men’s Wearhouse reported a 1% same store sales increase and a worse than expected loss of 7 cents a share.

  • Sales and income up at The Buckle

    KEARNEY, Neb. — The Buckle announced that net income for the fiscal quarter was $61.4 million, or $1.29 per share ($1.28 per share on a diluted basis), compared with $56.1 million, or $1.19 per share ($1.18 per share on a diluted basis) for the fourth quarter of fiscal 2011. Net income for the fiscal year was $164.3 million, or $3.47 per share ($3.44 per share on a diluted basis), compared with $151.5 million, or $3.23 per share ($3.20 per share on a diluted basis) for the fiscal year ended January 28, 2012..

  • Gap, Ebay, Costco among retailers on Most Ethical list

    Gap Inc., Ebay, Safeway, Wegmans, Whole Foods, Costco, Target, Best Buy and OfficeMax were all named to Ethisphere Institute’s World’s Most Ethical Companies list.

    The companies were chosen based on an evaluation of a questionnaire provided by Ethisphere to determine each company’s Ethics Quotient (EQ).

    Companies were evaluated for their own ethics policies and enforcement of such policies, ethical track record and reputation in the market place, corporate governance, corporate responsibilities and culture of ethics.

  • Sales take a dive at Aeropostale

    NEW YORK — Aeropostale reported that net sales for the fourth quarter decreased 1% to $797.7 million, from $808.4 million in the year ago period. Fourth quarter comparable sales, including the e-commerce channel, decreased 8% compared with a 7% decrease for the corresponding 14-week period of the prior year.  Fourth quarter comparable store sales, excluding the e-commerce channel, decreased 9%, compared to a decrease of 9% for the corresponding 14-week period of the prior year. 

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