-
Ann Taylor profit tops estimate, upbeat on holiday
New York City -- AnnTaylor Stores Corp.'s fiscal third-quarter profit rose, aided by better-than-expected sales growth. Net income surged to $24.2 million in the third quarter ended Oct. 30, compared with $2.1 million a year earlier.
Total sales rose 9.3% to $505.3 million, above analysts' expectations of $492.8 million.
Same-store sales increased 11.7% overall, with a 21.9% rise at the Ann Taylor brand and a 4.5% less expensive Loft chain.
-
Dick’s, Orvis, REI and more to open at Westchester’s Ridge Hill
New York City -- Forest City Ratner Cos., a subsidiary of Cleveland-based Forest City Enterprises, announced Thursday that Dick's Sporting Goods, Orvis and REI, along with three national restaurant chains making their New York debuts, have join the growing tenant line-up at Westchester's Ridge Hill.
