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Children’s Place begins 2013 in time out
The nation’s leading specialty retailer of children’s apparel issued a dour outlook for the first quarter of 2013 after a strong finish to 2012.
The company said sales for the 14 week fourth quarter increased 11.3% to $509.2 million and same store sales increased 4.3%. Earning per share increased 32% to $1.15, 11 cents better than analysts forecast.
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Report: Wegmans looking to open in Boston
New York -- Wegmans is looking to open its first location in Boston, according to a report on Boston.com.
The company reportedly is seeking to open at the Landmark Center, an office and retail complex that is being redeveloped. Wegmans anticipates that an agreement for the site will be reached “in the near future,” the report said.