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Supply Chain & Merchandising

  • Children's Place Q1 profit up 4%, forecasts miss Street

    Secaucus, N.J. -- The Children's Place Retail Stores reported Thursday that profit for the quarter ended April 30 rose 4% to $29.1 million, compared with $27.9 million a year earlier. The retailer cited better product assortment, strong online sales and inventory-control efforts for the improved performance.

    Children’s Place also increased the low end of its full-year earnings outlook range, but its 2011 and second-quarter forecasts missed Wall Street's expectations.

  • TWE cuts quarterly losses

    ALBANY, N.Y. — Trans World Entertainment reported a 78% improvement in net loss to $2.5 million, or 8 cents per share, for the first quarter as compared with a net loss of $11.4 million or 36 cents per share for the same period last year.    

    For the first quarter, total sales decreased 16% to $131.5 million compared with $156.5 million in 2010.  Comparable-store sales for the quarter decreased 2%.   During the quarter, the company operated an average of 451 stores compared with 548 stores last year, a 17.7% decline.  

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    Check out recently posted Guest Commentary: "Gaining return on returns: A retail imperative;" "Is your checkout designed to sell?;" and "Balancing clutter, esthetics and customer flow."

  • Sears Holdings meets low expectations in Q1

    HOFFMAN ESTATES, Ill. — Sears Holdings reported a first-quarter net loss of $170 million, or $1.58 per diluted share, in line with the company's expectations for a net loss in the range of $145 million and $195 million, or between $1.35 and $1.81 per diluted share. The company reported net income of $16 million, or 14 cents per diluted share, in 2010.

  • Dollar Tree profit soars 59%, raises forecast

    Chesapeake, Va. -- Dollar Tree reported Thursday that net income for the quarter ended April 30 rose 59% to $101 million, compared with $63.6 million in the year-ago period. The 2010 figure included a charge of $26.3 million for a retail inventory accounting change.

    The retailer raised its sales and profit forecast for the rest of the year.

    Revenue increased more than 14% to $1.55 billion, beating Wall Street expectations. Same-store sales rose 7.1%.

  • Advance Auto Parts Q1 EPS up 13.4%

    ROANOKE, Va. — Advance Auto Parts reported that first quarter earnings per diluted share were $1.35 , which was a 13.4% increase over the first quarter last year. Net income for the quarter was $109.6 million compared with $109.4 million for the same period last year.

  • Borders to end in-store café agreement with Seattle’s Best

    New York City -- Borders Group on Thursday said it planned to end its relationship with Seattle's Best Coffee and begin operating its own in-store cafes. 

    The move will allow Borders to reduce licensing fees as it works toward emerging from bankruptcy, a spokeswoman said on Thursday, and also to tailor its menus to customer needs.

    The company said in a filing in U.S. Bankruptcy Court in Manhattan that it will seek the court's approval of the move to reject its leases with Seattle's Best.
     

  • Target to invest more than planned to enter Canada

    New York City -- Target Corp. plans to spend more than it had forecast this year on its entry into the Canadian market as it nails down more of the best retail locations sooner than expected.

    The retailer said it will be able to “clarify” within weeks the number and locations of the first 100 to 150 stores it will open in Canada.

    “We expect to close on higher value lease transactions sooner than expected,” Target CFO Doug Scovanner told analysts on a conference call Wednesday.

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