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  • Pacific Sunwear narrows loss in Q2

    Anaheim, Calif. -- Pacific Sunwear of California Inc. reported Wednesday a loss of $17.5 million for the second quarter, narrowed from a loss of $19.3 million in the year-ago period.

    Results were boosted by a 5% sales in the quarter ended July 28 – to $210.3 million, from $200.9 million last year. Wall Street expected $203.1 million in revenue.

    Same-store sales climbed 5%, which included a 7% rise in PacSun’s men’s division and a 2% rise on the women’s side.
     

  • Big Lots big disappointment

    The nation’s leading closeout retailer offered a bleak outlook for the remainder of the year following worse than expected second quarter results and announced the departure of its top merchant.

  • Survey: Consumers think economy is in dire straits; could affect holiday spending

    New York -- Survey results unveiled Thursday by online coupon site RetailMeNot.com and Ipsos Public Affairs found that  an overwhelming number of consumers think the economy is in dire straits. As well, this pessimistic group is shoppers to adjust their holiday consumption behaviors and shop earlier this year.  

    Specific findings of the report include:

  • Report: Dutch apparel brand Scotch & Soda to open eight U.S. stores by yearend

    New York -- Dutch brand apparel brand Scotch & Soda plans to open eight additional stores in the United States by the end of the year, Women’s Wear Daily reported. The company was acquired by Sun Capital Partners Inc. in 2011.

    Stores are planed for New York, Los Angeles, Las Vegas, Boston and San Francisco, according to the report. Unlike the existing Scotch & Soda locations in Miami and New York, the new units will be company-owned.

     

  • Express slashes outlook despite Q2 income growth

    COLUMBUS, Ohio — Express Inc. reported a 25% increase in net income for the second quarter. But the retailer slashed its profit outlook for the year and said that same-store sales barely rose last quarter and that it expects about the same for the rest of the year.

    Express earned $15.8 million for the quarter ended July 28, better than analysts expected, compared with $12.6 million in the year-ago period.

    Revenue increased 2% to $454.9 million, short of the $467 million analysts had expected. Same-store sales inched up 1%.

  • Express Q2 income up 25%; to open flagships in Times Square and San Francisco

    Columbus, Ohio -- Express Inc. reported a 25% increase in net income for the second quarter. But the retailer slashed its profit outlook for the year and said that same-store sales barely rose last quarter and that it expects about the same for the rest of the year.

    Express earned $15.8 million for the quarter ended July 28, better than analysts expected, compared with $12.6 million in the year-ago period.

    Revenue increased 2% to $454.9 million, short of the $467 million analysts had expected. Same-store sales inched up 1%.

  • Long-time fashion retail exec named EVP of Aeropostale

    NEW YORK — Aeropostale, a mall-based specialty retailer of casual and active apparel for young women and men, announced that Emilia Fabricant will be joining the company as EVP of the Aeropostale brand. Fabricant will be responsible for all aspects of design, merchandising and production for the brand, and will report to Thomas Johnson, CEO.

  • Williams-Sonoma Q2 profit up 10%; to open four stores in Australia

    San Francisco -- Williams-Sonoma Inc. said its second-quarter net income rose 10%, fueled by double-digit sales growth at its Pottery Barn and West Elm stores. The results beat analysts’ expectations and the company also raised its profit and sales predictions for the full year.

    For the quarter ended July 29, Williams-Sonoma earned $43.4 million, up from $39.3 million in the same period last year.

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