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Stein Mart restates results, to debut e-commerce this year
Jacksonville, Fla. -- Stein Mart reported Monday that it has restated its 2011 periods and first quarter 2012 results, released its full-year 2012 financial numbers, and said it will unveil several key initiatives in 2013.
For the fourth quarter, net income was $13.5 million, compared to $5.9 million last year. Sales surged 11.4% to $368.6 million from $331 million, and same-store sales increased 6% in the quarter.
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C&A scales up RFID solution to 25 stores
MADRID & THOROFARE, N.J. — European fashion apparel retailer C&A is scaling up its Radio Frequency Identification project with Checkpoint Systems, a leading global supplier of shrink management, merchandise visibility and apparel labeling solutions for the retail industry, from five to 25 stores.
As part of the C&A project in Germany, Checkpoint is providing RF/RFID antennas, point of sale RFID solution, software and consulting services.