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Business Analytics

  • Zumiez profit rises 25% in Q4, beats Street

    Everett, Wash. -- Teen retailer Zumiez Inc. reported Thursday that profit for the fourth quarter increased 24.9% to $18.7 million, from $15 million a year earlier, boosted by better margins.

    Revenue rose 18% to $183.9 million, edging Wall Street’s expected $183 million in revenue.

    The company has now surpassed analyst estimates for four quarters in a row.
     

  • Aeropostale net income drops by two-thirds in Q4; to open net 38 stores this year

    New York -- Aeropostale Inc. reported Thursday that profit for the quarter ended Jan. 28 dropped to $26.1 million, from $83.8 million a year earlier, hurt by heightened supply-chain expenses.

    Revenue dipped 4% to $808.4 million in the quarter, and same-store sales fell 9%. Results edged Wall Street’s expected $807.6 million in revenue.

    For the full fiscal year 2011, Aeropostale posted a profit of $69.5 million, compared with $231.3 million last year. Revenue to $2.34 billion, from $2.40 billion in fiscal 2010.

  • Ann Inc. Q4 profit plummets; will open 65 stores and close 30 in 2012

    New York City -- Ann Inc. reported Friday that net income for its fiscal fourth quarter dropped to $2.2 million from $8 million in the year-ago period, hurt by heavy promotions at namesake stores.

    Sales increased to $566.7 million, from $515.3 million, and same-store sales for fourth quarter rose 5.3%.

    By brand, same-store sales plummeted 10.9% at namesake stores, but rose 8.1% at Loft stores. Strength in the online channel boosted overall same-store results.

  • Men’s Wearhouse narrows Q4 loss

    Houston -- The Men's Wearhouse reported a net loss of $3.8 million for the quarter that ended Jan. 28, compared with a net loss of $14.1 million a year earlier, as it cut costs and increased prices.

    The results beat forecasts, and the company said it expects 2012 income to be higher than expectations.

    Revenue was $562.2 million, up from $542.1 million.

  • Warm weather cools comps at Children's Place

    SECAUCUS, N.J. — The Children's Place Retail Stores is the latest retailer to report fourth-quarter sales that were negatively impacted by the unseasonably warm weather this winter. The company said that comparable-store sales for the quarter declined 2.7%, and net sales were up only slightly (0.9%) to $457.5 million from $453.2 million for the fourth quarter of 2010. 

    Children's Place also reported a drop in income from continuing operations after tax from $32.7 million, or $1.24 per diluted share, to $24.2 million, or 97 cents per diluted share.

  • The future of finance comes to New York

    Incoming Target CFO John Mulligan and outgoing CFO Doug Scovanner participated in a Target sponsored meeting last Friday at the New York stock exchange. The event gave Wall Street analysts an opportunity to get to know Mulligan, and the consensus is the guy is a strong replacement for longtime CFO Scovanner whose tenure ends March 30.

  • Stage Stores profits edge up slightly in Q4

    Houston — Profits at apparel retailer Stage Stores rose 2% to $32.7 million during the fourth quarter, from $32 million a year earlier.

    Revenue increased 6% to $479.1 million from $453.7 million, beating Wall Street's $468.2 million forecast.

    For the year, Stage Stores reported net income of $31 million, down from $37.6 million in the prior year. Annual revenue climbed 3% to $1.51 billion.

  • Casey's profit surges 30% in Q3

    Ankeny, Iowa -- Casey's General Stores Inc. reported Monday that profit for the third quarter rose 30% to $16.7 million, from $12.9 million a year earlier. Casey's revenue rose from $1.37 billion to $1.58 billion.

    Both figures missed Wall Street estimates.

  • Want a job? Retail's got them

    CHELMSFORD, Mass. — The Kronos Retail Labor Index released by the company on Thursday showed that retail hiring is on the rise, even as fewer people seek jobs in the retail sector.

    The Index jumped to 4.2%, up nearly 7% from last year, indicating a potential recovery in the labor market. The number of applications edged down 1.3% , which is down nearly 6% from its level one year ago, pointing to applicants seeking employment in other growing industries.

  • Foot Locker Q4 profit jumps 42% amid cost cutting and higher sales

    New York City -- Foot Locker Inc. said that its fourth-quarter profit increased 42% amid higher sales and cost cuts.

    The company earned a better-than-expected $81 million in the three months that ended Jan. 28, up from $57 million in the year-ago period.

    Revenue increased 8% to $1.5 billion, from $1.39 billion. Same-store sales were up 7.5% in quarter.

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