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Delia's disappoints in Q1, names new CEO
New York -- Delia’s reported Thursday that its loss more than doubled year-over-year, as the multichannel retailer lost $9.2 million in the quarter ended May 4, compared with a loss of $4.3 million last year.
Revenue slid 15% to $35 million, and same-store sales fell 7.1%. Amid the disappointing results, the company has appointed Tracy Gardner as CEO, effective June 5, moving over from his current position as COO. -
Loft expands footprint in Great White North
TORONTO — Loft will open four new store locations in Ontario, Canada, following the retailer's initial foray into the Great White North late last year at the Yorkdale Shopping Centre in Toronto.
The retailer also introduced e-commerce into its new Canadian market in March.