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GNC has strong Q4; will enter Russia
Pittsburgh — GNC Holdings Inc. reported positive financial performance during the fourth quarter and fiscal year 2013. For the quarter, net income slightly rose to $47.7 million from $47.4 million in the same period the prior year.
In addition, the chain reported consolidated revenue of $613.7 million for the quarter, an increase of 8.6% from $565 million from the year-ago period. Same-store sales increased 5% in domestic corporate stores and 3.3% in domestic franchise stores.
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Uniqlo to make Southern California debut
Costa Mesa, Calif. — Uniqlo is expanding into Southern California. The Japanese apparel retailer will open its first stores in the region this fall, at the Beverly Center in Los Angeles and South Coast Plaza in Costa Mesa.
Uniqlo announced announced it will an additional location in Northern California, at the Sunvalley Shopping Center in Concord. Also in the works: a store at Stamford Town Center, Stamford, Conn.
The retailer, owned by Japanese holding company Fast Retailing Co., currently has 17 stores in the United States.