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  • Tuesday Morning quarterly profits down

    DALLAS -- Tuesday Morning reported that net income for the quarter ended Dec. 31 was $17.3 million, compared with $18.5 million in the year-ago period.

    Net sales decreased 3.6% to $279.3 million from $289.6 million. Same-store sales decreased 3.2%.

    According to Kathleen Mason, president and CEO: "We anticipate that we will return to positive comparable sales for the remainder of the fiscal year.” Tuesday Morning reported four consecutive quarters of same-store sales growth prior to the second quarter.

  • Tuesday Morning reports profit, sales dip in Q2

    Dallas -- Tuesday Morning Corp. said Monday that net income for the quarter ended Dec. 31 was $17.3 million, compared with $18.5 million in the year-ago period.

    Net sales decreased 3.6% to $279.3 million from $289.6 million. Same-store sales decreased 3.2%.

    According to Kathleen Mason, president and CEO: "We anticipate that we will return to positive comparable sales for the remainder of the fiscal year.” Tuesday Morning reported four consecutive quarters of same-store sales growth prior to the second quarter.

  • Toys ‘R’ Us/Babies ‘R’ Us to open at Indio Towne Center

    Indio, Calif. -- Jacksonville, Fla.-based Regency Centers said it has signed a lease and begun construction on a new Toys “R” Us/Babies “R” Us store at Indio Towne Center in Indio, Calif.

    The 46,827-sq.-ft. location will replace the retailer’s store in Palm Desert and become its only location in Southern California’s Coachella Valley.

  • DSW names senior VP

    Columbus, Ohio -- DSW said Monday it has appointed Christopher Lanning as senior VP and general manager of the retailer’s Leased Business Division.

    Lanning will be responsible for managing DSW's existing leased business client base and developing new account relationships. DSW currently operates 353 shoe departments in conjunction with leased business partners, which include Steinmart, Gordmans, Filene's Basement and Frugal Fannie's.

  • Coldwater Creek shuffles executives

    SANDPOINT, Idaho – Coldwater Creek has named a new president and chief merchandising officer.

    Jill Brown Dean will replace Georgia Shonk Simmons, who announced her intention to retire.

    Dean, who most recently served as president of Limited Too's tween brands division, will join the apparel brand on Feb. 14.

    In related news, Jerome Jessup, currently EVP, creative director at the brand, was promoted to president and chief creative officer.

  • Online traffic down, but holiday sales set record

    Online sales soared to new heights this past holiday season even though major retailers had a tough time attracting traffic during December. For example, Target.com during December had 37.3 million unique visitors which sounds like a lot and was enough to earn it the 30th ranking on comScore’s top 50 Web properties report released this week.

  • Sprint to open at Centennial Crossroads Plaza

    Las Vegas -- Jacksonville, Fla.-based Regency Centers said it has leased 3,000 sq. ft. of retail space in Las Vegas, at Centennial Crossroads Plaza to Sprint.

    The store is slated to open in June.

    The 105,414-sq.-ft. shopping center is anchored by a 55,256-sq.-ft. Vons.

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