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Express profits down, has upbeat outlook for 2015
Increased marketing costs failed to deliver fourth quarter same store sales growth at Express and also took a toll on the specialty retailer’s profitability.
Express reported net income of $41.8 million, down 16% from $49.7 million last year. Net sales increased 1% to $725.8 million from $715.9 million. Same-store sales, including e-commerce, dropped 2%. E-commerce sales climbed 4% to $144.3 million.
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Study: Worldwide mobile POS shipments boom
Franklin, Tenn. - Worldwide mobile POS shipments grew by 77.4% in 2014 and this growth rate is maintaining its pace in 2015. According to new research from IHL Group, specialty stores still dominate the use of mobile POS worldwide, receiving 58% of total shipments in 2014.
