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Omnichannel emphasis pays dividends for Finish Line
Strong third-quarter sales at footwear retailer Finish Line and elevated expectations for the full-year were attributed to the company’s approach to integrated commerce.
Sales for the third quarter ended November 30 increased 22.9% to $364.5 million and same store sales advanced 7.1%. Profits increased to $2.3 million from a prior year loss of $107,000 at the operator 658 athletic footwear stores and 198 branded footwear departments at Macy’s.
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Carter’s to open in Alameda, Calif., center
Alameda, Calif. — Carter’s, a children’s clothing and accessories retailer, has signed a 10-year lease for a 4,178-sq.-ft. store at Alameda South Shore Center in Alameda, Calif., according to Jamestown, a real estate investment and management firm.
The new store, located close to Kohl’s, is scheduled to open in the first quarter of 2014. SRS Real Estate Partners represented Carter’s in the transaction.