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Ann Inc. Q3 income and sales top projections
New York – Ann Inc. reported better-than-expected income and sales for the third quarter. The retailer Ann Inc. posted third-quarter earnings of $41.2 million, compared to $40.7 million in the year-earlier quarter.
Net sales grew 7% to $657.3 million from $612.5 million. Total same-store sales increased 3.7%. By brand, same-store sales inched up 0.6% at Ann Taylor and 5.6% at Loft. However, sales fell 6.9% in the Ann Taylor Factory channel.
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Hibbett sees happy holiday ahead
Buoyed by its performance during Back to School season, Hibbett Sporting Goods sounded an optimistic tone regarding the holidays after reporting a surprisingly strong third quarter comp increase.
The operator of 904 stores in 31 states said its same store sales increased 4.8% and total sales increased 2.5% to $208 million during the quarter ended November 2.