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Apparel

  • Hibbett profit increases 24%; opening 55 to 60 stores

    Birmingham, Ala. -- Hibbett Sports Inc. said Friday that its fiscal first-quarter net income increased 24% on higher demand for sneakers and other athletic gear. The retailer also raised its profit outlook for the year.

    For the three months through April 28, Hibbett earned a better-than-expected $26.4 million, up from $21.3 million in the same quarter last year.

  • JCPenney to roll out several new brands; open 20,000-sq.-ft. in-store home shop

    NEW YORK — JCPenney executives laid out further details of their strategy going forward during the chain’s quarterly conference call with investors. The call followed the release of JCPenney’s first quarter results, when it reported a worse-then-expected loss of $163 million, and a 19% drop in same-store sales.

    JCPenney said it would launch a new private label apparel brand, jcp, for both men and women. The brand is set to debut in August.

  • Potomac Mills to expand footprint

    Woodbridge, Va. -- Indianapolis-based The Mills, a Simon Property Group company, said that Potomac Mills, the largest outlet and value retail shopping destination in Virginia, will soon expand its footprint with the addition of an exterior transformation and two new restaurants: The Cheesecake Factory and Bobby’s Burger Palace.

    The project also includes the relocation of Saks Fifth Avenue Off 5th and the introduction of Buybuy Baby and Christmas Tree Shops.

  • Boscov’s to open at two GGP malls

    Chicago -- General Growth Properties announced Thursday that Boscov’s department stores will open at White Marsh Mall, in Baltimore, and at Woodbridge Center, in Woodbridge, N.J.

    The 197,000-sq.-ft. Baltimore store is projected to open November 2012, and the 180,000-sq.-ft. Woodbridge Center store is slated to open August 2013

  • Foot Locker names COO

    New York -- Foot Locker Inc. said Thursday that current executive VP and retail group president Richard Johnson as been promoted to COO, giving the company veteran operational oversight of all the retailer’s banners. The appointment is effective immediately.

    Along with its namesake Foot Locker stores, the company also operates Champs Sports, Kids Foot Locker and CCS.
     

  • Taubman to launch construction of Mall of San Juan, marking Nordstrom and Saks debuts

    Bloomfield Hills, Mich. -- Taubman Centers said Thursday that it will begin construction this summer on its 640,000-sq.-ft. Mall of San Juan, in San Juan, Puerto Rico.

    Formerly known as Plaza Internacional, The Mall of San Juan will be a state-of-the-art, two-level, enclosed mall anchored by a 138,000-sq.-ft. Nordstrom and a 100,000-sq.-ft. Saks Fifth Avenue. It will be the first upscale mall on the island and the first and only location in Puerto Rico for both Nordstrom and Saks. 

  • Buckle Q1 net income up 13%

    Kearney, Neb. -- The Buckle Inc. reported Thursday that profit for the quarter ended April 28 increased 13% to $37.8 million, compared with $33.5 million in the year-ago period, as shoppers spent more in the teen retailer’s stores and online.

    Sales climbed 10% to $263.8 million, matching Wall Street estimates, and same-store sales rose 7.4%.

    Online revenues surged 15% in the period.

  • Zumiez records record Q1, 50 stores on tap for 2012

    Everett, Wash. -- Action sports retailer Zumiez Inc. reported Thursday that profit surged 140% to $4.5 million for the quarter ended April 28, compared with $1.9 million for the year-ago period.

    Revenue rose 22.7% to $129.9 million from $105.9 million, and same-store sales climbed 12.9%.

    The company said it plans to open 50 stores in fiscal 2012, including up to 10 locations in Canada.
     

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