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Sales & Marketing

  • Saks swings to profit in Q4

    New York City -- Saks returned to profitability in its fiscal fourth quarter as the chain sold more items at full-price and used fewer promotions. The company reported net income of $25 million for the period ended Jan. 29, compared with a loss of $4.6 million a year earlier.

    Revenue rose 7% to $866.3 million, topping Wall Street's estimate of $854.4 million. Same store sales were up 8.4%.

  • Changing role of facilities management to be spotlighted in Webinar

    New York City -- Register now for the Chain Store Age Webinar, “Decoding the CFO's ‘Black Hole’: Protecting the Brand and Bottom Line.”

    Presented by FM, the Webinar will be held this afternoon at 2 p.m. ET. Topics include current trends in retail facility maintenance, obstacles to protecting brand image and how to overcome them, and case studies of successful retailer facility management programs.

    Click here to register.

  • Chain Store Age releases fourth edition of New Product Digest

    Chain Store Age has launched the fourth edition of its New Product Digest, which is designed to provide retailers with the latest news regarding new products and services, and to help suppliers promote their companies while influencing buying decisions.
     
    The companies featured in this volume include Federal Health Specialty Contracting, The Maintenance Company and DuctSox. Check out this month's edition.

  • Saks experiences upswing in Q4 profit

    NEW YORK — Saks returned to profitability in its fiscal fourth quarter as the chain sold more items at full-price and used fewer promotions.

    The company reported net income of $25 million for the period ended Jan. 29, compared with a loss of $4.6 million a year earlier.

    Revenue rose 7% to $866.3 million, topping Wall Street's estimate of $854.4 million. Same-store sales were up 8.4%, compared with the year-ago period.

  • Terranova, Acadia acquire three buildings in $52 million deal

    Miami Beach, Fla. -- Joint venture affiliates of Terranova Corp. and Acadia Realty Trust announced they have closed on the acquisition of three Lincoln Road properties in Miami Beach, Fla.

    The approximately $52 million deal adds just over 61,000 sq. ft. to their urban street-front retail portfolios.

    Current tenants at the properties include Starbucks, Geox Shoes, and Zagat-rated restaurants Sushi Samba Dromo and Tacontento. Terranova will manage and lease the Lincoln Road properties.

  • RadioShack profit drops 25% in Q4

    Fort Worth, Texas -- RadioShack Corp. on Tuesday said its fourth-quarter net income fell by 25%, which was toward the low end of the company's already reduced guidance.

    The company reported net income of $57 million in the October to December period, down from $75.7 million a year ago.

  • Lowe’s Q4 net income up 39%

    Mooresville, N.C. -- Lowe’s reported a 39% increase in fiscal fourth-quarter earnings to $285 million, up from $205 million a year earlier.

    Sales grew 3% in the latest quarter to $10.5 billion. Same-store sales rose 1.1%.

    For fiscal 2010, net income grew to $2 billion, from $1.8 billion in fiscal 2009. Sales grew to $48.8 billion from $47.2 billion.

    The company expects to open 25 to 30 stores in 2011.

  • Borders’ real estate position: A Q&A with DJM Realty

    On Feb. 17, Borders Group announced that it had retained Melville, N.Y.-based DJM Realty, a Gordon Bros. Group Co., to manage the disposition project of the 200 stores that would be shuttered as a result of the bookseller’s just-reported Chapter 11 bankruptcy filing.

    Chain Store Age talked with Andy Graiser, co-president of DJM Realty, about the assignment, and how a better Borders might emerge from the process.

    Tell me about the Borders assignment, including your timeline and strategy for disposition.

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