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Fifth & Pacific narrows Q2 loss
New York -- Fifth and Pacific Cos. reported Thursday that it narrowed its loss in the second quarter to $52.1 million, compared with a loss of $89.9 million in the same period last year. Results, which beat Wall Street expectations, were boosted by strong sales from the Kate Spade and Lucky Brand banners.
The company that was formerly known as Liz Claiborne Inc. saw net sales fall 6.5% to $336.9 million in the quarter, which still beat analysts’ forecasted $330.8 million.
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Build-A-Bear Workshop narrows loss in Q2; focused on new store design and global growth
St. Louis -- Build-A-Bear Workshop reported Thursday a loss of $8.3 million for the quarter ended June 30, compared with a $10.7 million loss in the year-ago period.
Retail sales dipped 1.8% and same-store sales declined 1.7%.
Chief executive bear Maxine Clark said she is focused on the future. “In just over a month, we will open our first newly imagined store design in St. Louis with five additional stores opening in major U.S. markets in the following weeks.”