Apparel

Pleasanton, Calif. -- Ross Stores Inc. said Thursday its fourth-quarter net income rose 23%, in line with analysts’ projections. The off-price retailer also announced that beginning with the second quarter of fiscal 2013 it will no longer report monthly sales. Instead, quarterly same-store store sales results will be provided with regularly scheduled earnings releases.
 

COLUMBUS, Ohio — DSW reported that its fourth quarter sales increased 15.7% to $594.3 million from $513.7 million for the same period last year. Comparable sales increased 3.6%.

The company reported that fourth quarter adjusted EPS rose to 69 cents per share, an increase of 35.3% per share.

Full year sales increased 11.5% to $2.3 billion, and comparable sales increase 5.5%.

Adjusted EPS for the year rose to $3.35 per share for the full year, up from $3.00 per share in 2011.

New York — The Deloitte Consumer Spending Index remained steady in February primarily as a decline in initial unemployment claims and a rise in real average hourly earnings offset negative forces.

WABAN, Mass. — Sam's Club and Amazon were among the retailers that earned top marks for customer service, according to the consulting firm Temkin Group.

According to the 2013 Temkin Experience Rankings which queried 10,000 U.S. consumers about customer service issues across 246 companies in 19 industries, Sam's Club and Amazon earned the top spots in the retail sector and RadioShack was the lowest rated retailer for the third consecutive year.

Columbus, Ohio -- DSW Inc. reported Tuesday that net income for the quarter ended Feb. 2 rose to $31.4 million from $23.1 million in the year-ago period. Sales for the fourth quarter increased 15.7% to $594.3 million, and same-store sales rose 3.6%.

For the full year, profit increased to $152.2 million, from $136.1 million in the prior fiscal year. Sales rose 11.5% to $2.26 billion from $2.02 billion.

Edgewater, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that T.J. Maxx’s HomeGoods will open a 24,000-sq.-ft. anchor store at Edgewater Harbor, in Edgewater, N.J.

HUDSON, Ohio — Jo-Ann Fabric and Craft Stores announced that in 2012 the company’s year-end corporate giving total surpassed $5 million for the first time in the retailer’s history.

McLean, Va. -- Recreational Equipment said that it will open a new REI store in the Tysons area of McLean, Va.

The 32,800-sq.-ft., two-story store is slated to open in August 2013.

“Tysons is the ultimate shopping hub in Northern Virginia,” said Ray Dinterman, REI retail director for the Mid-Atlantic district. “Our new store will join five other local REI stores and help us better outfit nearly 200,000 active members who paddle the Potomac and hike the Appalachian Trail."