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  • Francesca’s Q3 net earnings up 78%; 80 stores on tap for fiscal 2013

    Houston -- Francesca's Holdings Corp. reported that net earnings in the fourth quarter rose 78% to $14.9 from $8.4 million in the same quarter last year. The company also said it plans to open 80 stores in fiscal year 2013.

    Net sales in the quarter ended February 2, 2013, rose 40.6% to $86.7 million, compared with net sales of $61.7 million during the same period in fiscal 2011. Same-stores sales in the quarter increased 9.2%, driven by increased transactions and strong growth in its clothing and jewelry categories.

  • SkinnyPizza signs deal to expand in Manhattan

    New York -- SkinnyPizza has signed an exclusive deal with Mogull Realty for multi-unit expansion into Manhattan. 

  • Ross Q4 profit jumps 23%; to stop reporting monthly sales

    Pleasanton, Calif. -- Ross Stores Inc. said Thursday its fourth-quarter net income rose 23%, in line with analysts’ projections. The off-price retailer also announced that beginning with the second quarter of fiscal 2013 it will no longer report monthly sales. Instead, quarterly same-store store sales results will be provided with regularly scheduled earnings releases.
     

  • Survey: Importers split as to spring sales growth

    New York -- Importers and manufacturers who sell to America's major retailers are split as to whether they believe they will see growth and / or reductions in sales for the spring season, according to Capital Business Credit, a non-bank lender that services the retail sector.

  • Bi-Lo names president

    Jacksonville, Fla. — Anthea Jones has assumed the role of president at Bi-Lo. He will continue to serve as SVP operations.

    Jones comes to the position from the Bi-Lo side of the recent merger between regional supermarkets Bi-Lo and Winn-Dixie. He signed on with Bi-Lo in 1999 after 17 years at Food Lion. He also is the immediate past board chairman for the Global Market Development Center.

    Jones succeeds Michael Byars in the position. Randall Onstead continues as president and CEO of the combined company, Bi-Lo Holdings.

  • Delhaize banners earn Energy Star award

    Salisbury, N.C. — Delhaize's Food Lion, Harveys and Reid's chains have earned their 12th consecutive Energy Star award from the U.S. Environmental Protection Agency.

  • Staples launches Windows Store app

    Framingham, Mass. — Staples has launched its own Windows Store app for Staples.com. The app provides customers with access to Staples Rewards and features tools that make it easier for small businesses to research and shop for everything they need for their business or home office, the company said.

  • Williams-Sonoma Q4 income up 9%, topping expectations

    San Francisco — Williams-Sonoma reported that fourth-quarter earnings per share grew 15% to $1.34 and that quarterly revenue grew to $1.406 billion versus $1.268 billion in 2011, with comparable brand revenue growth of 4%.

    Fiscal 2012 earnings per share grew 14% to $2.54. Net revenues for the year grew to $4.043 billion versus $3.721 billion in fiscal year ended January 29, 2012 with comparable brand revenue growth of 6.1%.

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