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NRF supports bill to encourage foreign travel
WASHINGTON — The National Retail Federation has released the following statement from NRF President and CEO Matthew Shay in support of the Jobs Originated Through Launching Travel (JOLT) Act:
“With the average international tourist spending well over $4,000 shopping in our stores, staying at our hotels, and eating at our restaurants, efforts aimed at encouraging more foreign travel is a simple way to spur economic growth and job creation. This is especially true in the retail industry.
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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.