eCommerce

Secaucus, N.J. -- The Children's Place Retail Stores reported Thursday that its loss for the second quarter widened to $9.8 million, from $8.2 million a year earlier.

Revenue dipped almost 1% to $343.5 million, missing Wall Street’s expected $356.3 million.

Same-store sales declined 5.6%.



 

Walmart beat analysts’ second quarter earnings estimates by a penny when it reported earnings per share of $1.09. The company also touted the fact that it was raising its full year profit forecast, although it did so by the one cent of additional profit it had already banked during the second quarter. Walmart said it now expects full year profits to total between $4.41 and $4.51 versus prior guidance of $4.35 to $4.50.

Fort Myers, Fla. -- Chico’s FAS reported Wednesday that its profit for the second quarter surged 42% to $43.4 million, up from $30.5 million a year earlier. Revenue rose 18% to $551.4 million, topping Wall Street’s expected $536.3 million, and same-store sales increased 12.8%. By brand, same-store sales were up 11.9% at Chico and Sonoma Intimates, and comps were up 14.9% at White House | Black Market.

South Denver’s Park Meadows regional mall is officially 15 years old -- and it is celebrating throughout the month of August with free community entertainment and activities, culminating in a free community pancake breakfast August 30, 2011.

MINNEAPOLIS — Target reported second quarter earnings per share of $1.03 that beat analysts’ estimates by a nickel, and the company elevated its full year profit forecast amid ongoing success of key initiatives.

Retail sales increased 5.1% to $15.9 billion from $15.1 billion thanks to a 3.9% same-store sales increase and the addition of several new stores. Operating profit for the retail business increased at a slower rate, rising 4.6% to $1.147 billion from $1.096 billion.

New Albany, Ohio -- Abercrombie & Fitch Co. reported Wednesday that profit for the second-quarter rose 64% to $32 million, up from $19.5 million, on increased demand in the United States and Europe.

Revenue rose 23% to $916.8 million, as previously reported, and same-store sales increased 9%.

Jackson, Miss. -- Altar’d State, retailer of apparel and accessories, as well as home goods, personal care products, and books and music, opened a new store at the Renaissance at Colony Park, in Jackson, Miss., on Aug. 13.

Located across from P.F. Chang’s, between Talbots and Cellular South, Altar’d State makes it a practice to support charitable causes in each community it locates in. 

SAN JOSE, Calif. — eBay announced that it has completed its previously announced acquisition of Magento Inc., the creators of Magento, a leading open source e-commerce platform. The deal follows eBay’s acquisition of a minority stake in the company in 2010. eBay now owns 100% of the outstanding shares of Magento. Terms of the deal were not disclosed.