Apparel

PLANO, Texas  -- JCPenney reported income from continuing operations of $1.09 per share for the quarter ended Jan. 29. Comparable-store sales for the quarter grew 4.5%.

Allen, Texas -- The Weitzman Group announced that Edwin Watts Golf Shop has leased 4,125 sq. ft. of retail space in Twin Creeks Village, located in Allen, Texas, north of Dallas.

At Twin Creeks Village, Edwin Watts Golf joins a line-up that includes Tom Thumb, Staples, Hobby Lobby, Petco, 24 Hour Fitness, Stacy Furniture and many more.

New York City -- A Thursday report by the New York Times said that teen retailer Delia’s has put itself up for sale.

According to the report, the company has been soliciting interest from buyers including private equity firms. Delia’s has not confirmed the report, and it is currently unknown what, if any, other options the retailer is considering.

SAN FRANCISCO -- Delivering its fourth consecutive year of double-digit earnings per share growth, Gap Inc. reported earnings per share for fiscal year 2010 increased 19% to $1.88 on a diluted basis compared with $1.58 on a diluted basis for fiscal year 2009. Net earnings grew by $102 million to $1.2 billion.

San Fransciso -- Gap credited rising sales abroad, online and at its Banana Republic and Old Navy chains for helping to boost its fourth-quarter net income rise 3.7%, beating analysts expectations. However, the chain issued an annual profit forecast that fell short of expectations, saying its operating profits would be squeezed as it grapples with soaring costs of cotton and other raw materials.

Gap also announced that it plans to buy back $2 billion in shares, on top of recent repurchases totaling $2.6 billion.

Cincinnati -- Colliers International Greater Cincinnati announced the $7.5 million sale of a multi-tenant, power center in the Eastgate trade area of Cincinnati.

The sale of Bigg’s Place Mall – from JPMCC 2006-LDP6 EastGate Boulevard, LLC to Union Township Clermont County CIC of Ohio -- will clear the way for a new Jungle Jim’s supermarket.

Dallas -- J.C. Penney Co. said that its fourth quarter profit rose 36% to $271 million, helped by cost controls and improving sales in such areas as men's apparel, women's accessories and beauty products from in-store Sephora boutiques. The retailer also announced plans to buy back $900 million of its shares, starting next month.

Revenue in the three-month period ended Jan. 29 rose 2.8% to $5.7 billion. Same-store sales were up 4.5%.

Los Angeles -- Caruso Affiliated said it has named Paul Kurzawa as the company’s new COO, a newly created position for the company. Kurzawa was previously executive VP operations for Caruso.

The firm also outlined a comprehensive expansion program that is designed to double its size in the next five years, according to founder and CEO Rick Caruso. Caruso outlined the company’s business goals and platform for growth at a recent employee meeting.