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Apparel

  • Christopher & Banks quarterly profit more than doubles

    Minneapolis -- Christopher & Banks Corp. reported that net income for the quarter ended Nov. 2 rose to $8.6 million, from $3.6 million in the same period last year.

    Sales edged up to $118.1 million from $117.3 million, and same-store sales increased 4.9%.

    During the quarter, the retailer operated an average of 7.3% fewer stores than during the comparable period last year, reflecting its store rationalization program.

  • Wet Seal flat in Q3

    Foothill Ranch, Calif. -- Wet Seal recorded a loss of $14.9 million for the fiscal 2013 third quarter, essentially flat with last year.

    Sales dipped to $127.7 million from $135.5 million, and same-store edged up 0.8%, including an increase of 1.7% at Wet Seal and a decrease of 6.7% at Arden B.

  • Ascena Retail Group reports Q1 increase

    Suffern, N.Y. – Ascena Retail Group, parent company of Lane Bryant and Justice, reported net income of $52.6 million in the first quarter of fiscal 2014, a 22% increase from $43.1 million a year earlier.

    Net sales totaled roughly $1.2 billion, a 5% increase from about $1.14 billion.

  • Levin adds two New Jersey shopping center assignments

    Edison and Eatontown, N.J. — Levin Management has added two new shopping center assignments — on behalf of two new clients — to its portfolio.

  • Visa’s Black Friday weekend online sales up 30%

    New York -- Visa reported that Black Friday weekend e-commerce sales across smart phones, tablets and PCs conducted by U.S. Visa accountholders increased 30% to $7.8 billion.

    The company also noted that Cyber Monday ruled the five-day period with spending on Visa cards up 28% to $2.6 billion while Thanksgiving Day saw a 30% jump to nearly $1 billion.

     

     

  • Shoe Carnival has disappointing Q3

    Evansville, Ind. – Shoe Carnival had a generally disappointing third quarter fiscal 2013, with net income falling 11% to $10.9 million from $12.2 million. Net sales also declined 3.5%, from $244.4 million to $235.8 million.

    Shoe Carnival attributed part of the year-over-year decline to a shift from a 53-week to a 52-week fiscal year, which resulted in one fewer week of back-to-school shopping activity in the third quarter and about $21.2 million less in sales.

  • Gold’s Gym expands in Southern California

    Montclair, Calif. — Gold’s Gym has announced the opening of a location in the newly remodeled Montclair Plaza in Montclair, Calif. The new location will join 11 existing Gold’s Gym Southern California franchise locations. Slated to open April 1, 2014, the 40,000-sq.-ft. facility will feature GGX group exercise offerings, cardio equipment with iPod docking stations, a steam room, Cardio Cinema, towel service, an indoor pool, Jacuzzi and more.

    Other recent arrivals at Montclair Plaza include Mina Shoes, Fly and Xtreme.

     

  • Report: Investor urges changes at Abercrombie & Fitch

    New York -- Investor Engaged Capital LLC has urged Abercrombie & Fitch to start a search for a new chief executive officer and consider selling the company, Bloomberg reported. The company owns less than 1% of the retailer’s shares outstanding.

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