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iParty loss widens in Q1
Dedham, Mass. -- Party goods retailer iParty Corp. reported Wednesday a loss of $1.51 million in the quarter ended March 26, compared with a loss of $1.49 million in the year-ago period.
Revenues for the quarter edged up 1.7% to $15.1 million. Same-store sales dipped 1.1%.
iParty Corp. operates 53 iParty retail stores in New England and Florida. -
Restructuring accelerates Gap’s global growth
Gap Inc. wants international and online sales to account for 30% of its revenues within two years and a restructuring announced this week is expected to play a role in facilitating that growth.
The company said it would consolidate four existing international business units into one under the leadership of Stephen Sunnucks, a 30-year retail veteran who joined Gap five years ago.
I’m not much of a follower of astrology and the signs of the zodiac, but I do know that 2011 is the Year of the Rabbit on the Chinese calendar.