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Early Bird Deadline for Retail Store of the Year
New York -- Chain Store Age invites retailers, design firms, architects and suppliers to submit entries for its 32nd annual Retail Store of the Year design competition. Deadline for submission is December 23, 2013. There is a reduced entry rate for submissions received by Nov. 29.
The competition is open to stores and restaurants that opened between November 30, 2012 and December 6, 2013.
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HSNi strong in third quarter
HSNi reported impressive financial results for the third quarter of fiscal 2013. Net income soared about 137% to $42 million, compared to $17.7 million in the same quarter a year prior.
In addition, net sales grew almost 3%, to $789.9 million from $778.8 million. The elimination of a roughly $18 million loss related to debt extinguishment recorded in the third quarter of fiscal 2012 drove much of the quarterly net income growth. Mindy Grossman, CEO of HSN, also cited digital and mobile growth as boosting the company’s overall performance.