-
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.
-
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.