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Mixed results for Lumber Liquidators in second quarter
TOANO, Va. — Lumber Liquidators second-quarter sales increased 4% to $175.5 million, up from $168.7 million in the same quarter last year.
But at comparable-stores decreased 7.9%, and net income decreased to $5.3 million in the second quarter, down from $9.1 million in the second quarter of the prior year.
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Cache profit, sales rise in Q2
New York City -- Women’s apparel retailer Cache reported Thursday that net income for the quarter ended July 2 rose to $2.8 million, compared with $897,000 in the year-ago period.
Net sales increased 6.5% to $60.3 million and same-store sales increased 6%.
For fiscal 2011, the retailer said it has no new store openings planned, but will close two stores.