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AT&T opens ‘Retail Innovation Center’
Chicago -- AT&T announced the opening of the AT&T Retail Innovation Center in Arlington Heights, Ill.
The 10,400 sq.-ft. space — more than twice the size of a conventional AT&T store layout — is designed to showcase the company’s most innovative products and serve to gather customers’ feedback on new retail concepts — all designed to help shape the ultimate customer experience across AT&T’s more than 2,300 stores nationwide.
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Kirkland’s Q3 profit falls 48%, but beats expectations
Nashville, Tenn. -- Kirkland’s net profit in its fiscal third quarter as operating expenses and cost of sales rose, and same-store sales declined. But its results still beat Wall Street's expectations. The company earned $1.2 million, compared with $2.3 million a year earlier.
Operating expenses rose 8% to $31.3 million, while the company's cost of sales rose 7% to $60.9 million.
Sales rose 5% to $97.1 million, from $92.7 million. Same-store sales were down 3.6%.