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Apparel

  • Netherlands-based retailer deploys TradeCard’s cloud-based global trade platform

    New York -- TradeCard, a supply chain collaboration and global trade platform, announced that women’s apparel retailer MS Mode has successfully deployed TradeCard to eliminate costs and improve efficiencies in its global supply chain.

    The TradeCard solution allows MS Mode to transition away from agents and handle sourcing in-house without increasing overhead.

  • Hot Topic reports Q4 profit on cost-cuts

    City of Industry, Calif. -- Hot Topic Inc. earned $9 million in the three months that ended Jan. 28, compared with a loss of $578,000 in the year-ago period, on reduced spending.

    Revenue in the fourth quarter slipped 1% to $209.9 million, from $212.4 million. Same-store sales increased 1.3%.

  • Buckle Q4 profit up 13%

    Kearney, Neb. -- The Buckle Inc. said Thursday its fiscal fourth-quarter net income rose a better-than-expected 13% to $56.1 million amid higher same-store sales and growing online demand.

    Revenue rose 11% to $337.1 million from $303.1 million. Same-store sales increased 8%. Online sales, which are not included in that total surged 31% to $27.6 million.

    Buckle, which also sells tops, shoes and other clothing, caters to teens.

  • Warm weather cools comps at Children's Place

    SECAUCUS, N.J. — The Children's Place Retail Stores is the latest retailer to report fourth-quarter sales that were negatively impacted by the unseasonably warm weather this winter. The company said that comparable-store sales for the quarter declined 2.7%, and net sales were up only slightly (0.9%) to $457.5 million from $453.2 million for the fourth quarter of 2010. 

    Children's Place also reported a drop in income from continuing operations after tax from $32.7 million, or $1.24 per diluted share, to $24.2 million, or 97 cents per diluted share.

  • Stage Stores profits edge up slightly in Q4

    Houston — Profits at apparel retailer Stage Stores rose 2% to $32.7 million during the fourth quarter, from $32 million a year earlier.

    Revenue increased 6% to $479.1 million from $453.7 million, beating Wall Street's $468.2 million forecast.

    For the year, Stage Stores reported net income of $31 million, down from $37.6 million in the prior year. Annual revenue climbed 3% to $1.51 billion.

  • Foot Locker steps up strategic plan

    NEW YORK — Foot Locker is embarking on an aggressive strategic plan designed to elevate its performance for the 2012 to 2016 period. 

  • Children's Place Q4 income down; to open 60 stores on 2012

    Secaucus, N.J. — The Children's Place Retail Stores reported a drop in fourth-quarter net income. Children's Place also reported a drop in income from continuing operations after tax to $24.2 million, from $32.7 million in the year-ago period. The company said that comparable-store sales for the quarter declined 2.7%, and net sales were up only slightly (0.9%) to $457.5 million, from $453.2 million for fourth quarter 2010.

    The chain said fourth-quarter sales performance was negatively impacted by the unseasonably warm weather this winter.

  • Mid-America Real Estate closes sale of Stone Creek Towne Center

    Cincinnati -- Mid-America Real Estate Corp.’s Investments Sales Group announced the recent sale of Stone Creek Towne Center located in Cincinnati.

    The property was purchased by Oakbrook, Ill.-based Inland Real Estate for $36 million from a joint venture between Brandicorp and Trinity Development Co.

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