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Cabela’s to enter Virginia and Delaware in 2014
Sidney, Neb. -- Cabela’s Inc. announced today plans for two new stores, including its first-ever locations in Virginia and Delaware. Construction is expected to begin on the new locations in 2013, with the stores expected to open in 2014.
Cabela’s said it will build an 85,000-sq.-ft. store in The Falls, a new retail development in Bristol, Va., that will accommodate about 1.5 million sq. ft. of retail space.
In Delaware, the company will open a 100,000-sq.-ft. store adjacent to Christiana Mall, in Christiana.
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Guess posts lower profit, lowers outlook
Los Angeles -- Guess Inc. on Wednesday reported that its second-quarter profit fell to $42.9 million, from $60.7 million a year ago. The company also lowered its full-year earnings outlook.
Total net revenue for the quarter ended July 28 fell 6.2% to $635.4 million, from $677.2 million.
The company’s retail stores in North America generated revenue of $253.0 million in the second quarter, down 3.1% from $261.1 million in the same period a year ago. Same-store sales fell 8.5%.