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Apparel

  • Zumiez profit increases 15% in Q3

    Everett, Wash. -- Zumiez Inc. reported Thursday that net income for the quarter ended Oct. 29 rose 14.8% to $14.1 million, from $12.3 million in the prior fiscal year.

    Revenue climbed 13.3% to $154 million from $135.9 million, and same-store sales grew 6%.

    “We are pleased with the current pace of growth for our business and believe our product assortment has us well positioned for the remainder of the holiday selling period," said Rick Brooks, CEO.

  • Guess Q3 profit dips 4% as tax rate increases

    Los Angeles -- Guess Inc. said Wednesday that profit for the quarter ended Oct. 29 fell 4% as the clothing company's tax rate increased. The chain reported net income of $66.3 million, compared with $69.1 million in the year-ago period. The company's effective tax rate rose to 32.3% during the quarter from 29.1% a year earlier. As a result, the incomes taxes Guess paid rose 5% to $31.9 million.

  • Got an Ugly Holiday Sweater?

    A tacky holiday sweater – and most of us have one – can make for an innovative mall marketing campaign.

    Inland US Management, Inland Southwest Management and Inland Pacific Property Services, subsidiaries of Inland Western Retail Real Estate Trust, have kicked off an ugly sweater contest on its holiday website, HolidayFunForAll.com, developed in partnership with Studio 318 out of San Diego. Contest participants are asked to answer a few basic questions and upload a photo of their worst “knitmare” to the website.

  • JoS. A. Bank Q3 profit up 19%

    Hampstead, Md. -- JoS. A. Bank Clothiers said that net income for the third quarter of fiscal year 2011, ended Oct. 29, 2011, increased 19.3% to $15.0 million verses $12.6 million in the year-ago period. However, the chain warned that its forth quarter has started out more slowly than expected, and that it has adjusted its December merchandising and marketing plans for the stores.

    Total sales increased 21.0% to $209.6 million, from $173.3 million. Same-store sales rose 14.6% and direct marketing sales increased 28.6%.

  • New retail leases signed at Shoppes @ 104

    Kendall Lakes, Fla. -- Jacksonville, Fla.-based Regency Centers said that two new merchants have leased space at its Shoppes @ 104 shopping center, in Kendall Lakes, Fla.

    Yogurtini has leased 1,400 sq. ft. of retail space, and Great Clips has leased 1,344 sq. ft. The 108,192-sq.-ft. shopping center is anchored by Winn-Dixie, alongside national retailers such as The UPS Store, Subway and GNC.
     

  • IBISWorld: Holiday sales to grow 3.3%

    Los Angeles -- After a strong Black Friday and Cyber Monday, overall holiday spending is expected to increase 3.3% to $64.3 billion, according to the  industry research firm IBISWorld.

  • City Sports makes executive appointments

    Boston -- City Sports announced the appointment of Debi Binder to VP marketing and Dana Klein to director of e-commerce.

    Binder most recently served as a senior VP for CCA Global Partners. Prior to City Sports, Klein managed operations and merchandising at Puma North America for the brand's shop.puma.com site.

  • Primestor acquires 4G Plaza

    Las Vegas -- In the latest acquisition for its Primestor-Platinum Urban Opportunity Fund I, LP, Primestor Development has acquired 4G Plaza, a neighborhood shopping center in Las Vegas, for $8.8 million.

    Purchased from 4G Properties LLC, the 78,849-sq.-ft. center is anchored by El Super and shadow-anchored by The Home Depot. It is 93% leased. Other tenants include Wells Fargo, Taco Bell, Big 5 Sporting Goods and Sprint.

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