eCommerce

Pittsburgh -- Teen retailer rue21 said that its fourth quarter net income increased 41% to $10.9 million from $7.7 million in the year-ago period. Net sales for the quarter increased 22.3% to $190.1 million, from $155.4 million. Same-store sales rose 1.5%.

Richmond, Ky. -- Charlotte, N.C.-based Crosland LLC announced two new lease signings with Michaels and Chiro One at Richmond Centre, a regional shopping, entertainment and hospitality venue in Richmond, Ky.

Michaels will open a 20,011-sq.-ft. store as a junior anchor tenant in October.

Chiro One opened a 2,127-sq.-ft. clinic in February.

Plymouth Meeting, Pa. -- Fameco Real Estate, L.P., announced that Sports Clips has signed five new leases in the Philadelphia region as part of its store roll-out campaign.

In December, Sports Clips’ first area store opened at Park East Plaza in Cherry Hill, N.J. It will be followed by store openings at the Nassau Pavilion in Princeton, N.J., The Shoppes at English Village in North Wales, Pa., Providence Town Center in Collegeville, Pa., and at the Marketplace at Neshaminy, in Bensalem, Pa., in 2011. 

Hollywood, Calif. -- International gem designer, manufacturer and retailer, Stone Market has opened its first U.S. location, at Hollywood & Highland Center, Hollywood, Calif.

The 319-sq.-ft. shop offers a collection of stylish jewelry, featuring gem and natural stones and silver accessories. Stone Market operates more than 100 retail outlets in Japan.

Los Angeles -- Guess said Wednesday that its fourth-quarter net income rose 19% on a boost in sales in Europe, Asia and North America.

Guess said it earned $103.3 million, compared with profit of $86.6 million, or 93 cents per share, during the same period a year prior.

Revenue rose 18% to $756.9 million from $642 million. The results beat the expectations of analysts.

Chicago -- Walmart has announced two additional store openings for Chicago, bringing the total number of stores it plans to open in the Windy City by 2013 to six.

The new stores will create close to 1,000 new jobs and nearly 200 construction jobs putting Walmart on the path to meeting the goals outlined in its "Chicago Community Investment Partnership."

Chicago Mayor Richard Daley said the stores will bring fresh food and groceries to some of the city's most underserved neighborhoods.

By Jeff Green

ANAHEIM, Calif. -- Pacific Sunwear of California announced that total sales for the fourth quarter of fiscal 2010 were $263 million, a decrease of 10% from total sales of $293 million for the fourth quarter of fiscal 2009. Total company same-store sales decreased 7% during the fourth quarter of fiscal 2010.

The company reported a net loss of $35 million, or 53 cents per share, for the fourth quarter of fiscal 2010 compared with a net loss of $36 million, or 56 cents per share, for the fourth quarter of fiscal 2009. 

SECAUCUS, N.J. -- The Children's Place Retail Stores has announced the appointment of James Bruce Marshall as SVP and managing director international business development, effective March 24. He will report directly to Jane Elfers, president and CEO.

Philadelphia -- Destination Maternity Corp. said Wednesday that it has opened a 10th Destination Maternity store in the Middle East, this one located in Discovery Center, in Kuwait.