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No end in sight for The Finish Line
Sports apparel retailer The Finish Line topped Street estimates for its first quarter, turning in a solid performance in a challenging retail environment. The company reported net income of $9.63 million for the period ended May 28, down 29.9% from $13.73 million in the year-ago quarter, amid higher costs. Net sales rose 2.28% to $453.52 million, higher than expected, from $443.39 million in the same quarter last year. Same-store sales increased 1.5%. -
Good news for J.C. Penney
J.C. Penney announced a positive development on the financial front. The department store retailer announced it has successfully completed refinancing its $2.25 billion five-year senior secured term loans, which should generate about $24 million in interest expense savings.

