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Hhgregg Q1 comparable store sales up
New York -- HH Gregg saw a significant improvement in its financial results for the three-month period ended June 30. Despite a net loss of $1.3 million, or $0.04 per diluted share, the specialty retailer narrowed the gap from a net loss of $5.7 million, or $0.16 per diluted share, for the comparable prior-year period.
The decrease in net loss for the three month period ended June 30, 2013 was due, in part, to a comparable-store sales increase of 0.8%, offset by a decrease in gross profit as a percentage of net sales.
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A.C. Moore Arts & Crafts opens in Port St. Lucie
Berlin, N.J. — A.C. Moore Arts & Crafts will mark the opening of its new store at The Town Center at St. Lucie West with a week long grand opening celebration starting Aug. 4.
The 21,000-sq.-ft. store carries an arts and crafts merchandise assortment with more than 40,000 items.
A.C. Moore operates about 140 arts and craft stores along the East Coast.