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Etsy crafts another disappointing quarter
Currency fluctuations and promotional costs led Etsy.com to report another lackluster quarter of financial results, as the retailer warned more trouble may lie ahead.
The New York-based e-commerce site for handmade and vintage goods blamed currency headwinds and marketing expenses for a loss of $6.35 million in the second quarter ended June 30. That was wider than the $3.15 million reported a year earlier. Sales rose 44% from a year ago to $61.4 million, matching the sales growth from three months prior.
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Vitamin Shoppe profit tops Street; on track for 50 stores
North Bergen, N.J. -- Vitamin Shoppe Inc. had a tough quarter but its earnings still beat the Street.
The retailer on Wednesday reported second-quarter net income of $14.2 million, down from $16.9 million in the year-ago period, but still topping Wall Street expectations.
The company also said it plans 50 new stores in 2015.
Revenue increased 5.3% to $322.3 million in the period, short of analysts’ forecasts for $327.9 million.

