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  • Foot Locker wears a size 10.6

    A double-digit comps increase propelled the athletic footwear chain’s 63% second quarter earnings surge.

  • Restoration Hardware expands small spaces line

    CORTE MADERA, Calif. — Restoration Hardware has expanded its Big Style/small spaces collection.

    “We call it a collection of epic proportions,” says Creator and Curator Gary Friedman of Restoration Hardware's Big Style/small spaces source book, which features a tongue-in-cheek cover of a climber scaling the nose of Abraham Lincoln on Mount Rushmore. Friedman continued, “And good design is all about proportions.”

  • A big bet on a bigger format

    Casual Male accelerated the rollout of its DestinationXL format.

  • Hibbett profit rises 33% in Q2; on track to open 55-60 stores in fiscal 2013

    Birmingham, Ala. -- Hibbett Sports reported Friday that net income for the quarter ended July 28 surged 32.9% to $7.9 million from $5.9 million in the comparable-year period.

    The retailer reported a net sales increase of 8% to $165.4 million compared with $153.1 million for the same period last year. Same-store sales increased 4.8%.

    The company increased its earnings guidance for fiscal 2013 and said it is on track to open 55 to 60 new stores, expand approximately 15 high performing stores and close up to 18 underperforming stores.

  • Survey: Parents embrace mobile shopping, marketing and couponing

    San Francisco -- A survey released Thursday by Placecast found that U.S. parents are more likely to use their mobile phones for shopping-related activities compared to those without children under 18 years old in their household.

    In fact, the Alert Shopper III poll, which was commissioned by Placecast and conducted by Harris Interactive, showed that parents were more active than non-parents across all aspects of digital commerce (mobile and online) - from making purchases via mobile phones to receiving text and email alerts, and taking action on them.

  • Casual Male net income slides; to speed rollout of DestinationXL

    Canton, Mass. -- Casual Male Retail Group said Friday that second-quarter profit dropped to $1.2 million, from $6.6 million in the year-ago period. Total sales were flat at $100.5 million, and same-store sales edged up 2%.

    However, continuing strength from the DestinationXL stores vs. the Casual Male XL locations is prompting the company to focus on growing the former.

  • Nordstrom introduces iPad app

    Seattle -- Nordstrom said Friday it has debuted a new iPad app that will allow its customers to browse and purchase merchandise via their iPad tablets.

  • Aeropostale profit drops in Q2; lowers guidance

    New York -- Aeropostale reported Friday that net income for the second quarter was $100,000, compared with $2.9 million last year.

    Sales increased 4% to $485.3 million, from $468.2 million in the year-ago period. Same-store sales, including the e-commerce channel, were essentially flat, compared with a 12% decrease last year. Excluding e-commerce, same-store sales dipped 1%, compared with a 14% decrease last year.

    The company has lowered its third-quarter guidance.
     

  • Body Central names interim CEO

    New York -- Body Central announced Friday that Thomas W. Stoltz has been promoted to COO and named interim CEO.

    Stoltz has served as the company's executive VP and CFO since September 2011 and replaces B. Allen Weinstein, the company's former CEO who retired effective Aug. 16.

    Stoltz will also continue to serve as Body Central's CFO.

  • Gap Q2 profit climbs 29%; raises guidance

    San Francisco -- Gap Inc. reported Thursday that net income for the quarter ended July 28 surged 29% to $243 million, prompting the retailer to raise its guidance for full-year 2012.

    Sales increased 6% to $3.58 billion, compared with $3.39 billion for the second quarter last year. Same-store sales rose 4%.

    “Our continued focus on product and store execution are helping to drive positive momentum and we’re committed to sustaining solid performance for the remainder of the year,”said Glenn Murphy, chairman and CEO.

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