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Apparel

  • Hibbett Sports Q2 net income jumps 48%

    Birmingham, Ala. -- Hibbett Sports said its second-quarter earnings rose 48%, boosted by growing same-store sales. The company also raised its fiscal 2012 earnings guidance.

    The chain earned $5.9 million in the three months that ended July 30, up from $4 million in the same quarter last year. Revenue climbed more than 9% to $153.1 million.

    The performance topped Wall Street expectations.

    Same-store sales rose  6%.

  • Casual Male to open 13 additional DXL stores by yearend

    Canton, Mass. -- Casual Male Retail Group continues to roll out its DestinationXL format, with the opening of its eighth store, in Fairless Hills, Pa.

    DXL is an all-inclusive destination that encompasses Casual Male’s four existing apparel businesses, Casual Male XL, Rochester Big & Tall, Shoes XL and B&T Direct.

    The company plans to open up to 13 DXL stores during the balance of 2011, another 20-30 stores during 2012 and approximately 100 stores over a four to five year period.

  • Net income up 33% at Ann Taylor

    New York City -- Ann Inc., formerly known as Ann Taylor Stores Corp., reported that its second -quarter earnings rose 33% $24.8 million, helped by strong online sales and a jump in revenue at the company's Loft stores. The company raised its full-year sales guidance, saying it is confident despite the challenging consumer environment.

    It was the company’s eighth consecutive quarter of double-digit earnings growth

  • Gap Inc. income down in a challenging quarter

    SAN FRANCISCO — Gap Inc. reported that net sales for the second quarter of fiscal year 2011, which ended July 30, increased 2% to $3.39 billion compared with $3.32 billion for the second quarter last year. The company’s second quarter comparable sales, which include associated comparable online sales, were down 2% compared with a 1% increase in the second quarter last year. For the second quarter of fiscal year 2011, online sales positively impacted comparable sales for Gap Inc. by 2 percentage points.

  • New president named at True Religion

    VERNON, Calif. — True Religion Apparel has announced that Lynne Koplin has been named president of the company effective immediately.

    Koplin joined the company in January 2010 as COO. Prior to joining the company, and since July 2005, she was the president women’s division, of Tommy Bahama, a subsidiary of Oxford Industries, and before that worked for a number of apparel and retail companies.

  • Hibbett Sports shapes up strong same-store sales

    BIRMINGHAM, Ala. — Hibbett Sports reported that net sales for the second quarter ended July 30 increased 9.5% to $153.1 million compared with $139.8 million for the second quarter ended July 31, 2010. Comparable-store sales increased 5.9%.

    Net income for the quarter increased 48% to $5.9 million compared with $4 million for the same period last year. Earnings per diluted share increased 56.4% to 21 cents compared with 14 cents for the same period last year.

  • Aeropostale posts huge profit decline in Q2

    New York City -- Aeropostale reported Wednesday that net income for its second quarter plummeted 93% to $2.94 million, from $43.6 million in the year-ago period.

    Sales declined 5% to $468.2 million and same-store sales dropped 14%.

    The company revised its third quarter forecast downward.

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